By the end of this course, participants will:

• Understand the fundamentals of project risk management.
• Learn how to identify, analyze, and prioritize risks.
• Develop risk mitigation and contingency planning strategies.
• Apply risk monitoring and control techniques throughout the project lifecycle.
• Use practical tools and methodologies to enhance risk decision-making.

This course is ideal for:

• Project managers and team leaders
• Risk management professionals
• Business analysts and planners
• Engineers and construction managers
• Anyone responsible for project planning and execution

Day 1: Introduction to Project Risk Management

• Definition and importance of risk management in projects
• Types of risks in projects (technical, financial, operational, etc.)
• The project risk management framework
• Key stakeholders in risk management
• Case studies of project failures due to poor risk management

Day 2: Risk Identification & Assessment

• Risk identification techniques (brainstorming, checklists, interviews, historical data)
• Tools for risk assessment (risk registers, probability-impact matrix)
• Qualitative vs. quantitative risk analysis
• Risk prioritization and categorization
• Workshop: Identifying risks in real-world projects

Day 3: Risk Response Planning & Mitigation Strategies

• Strategies for managing risks: Avoid, Transfer, Mitigate, Accept
• Contingency planning and fallback strategies
• Integrating risk management into project planning
• Risk allocation in contracts and procurement
• Workshop: Developing a risk response plan

Day 4: Risk Monitoring, Reporting & Control

• Risk tracking throughout the project lifecycle
• Key performance indicators (KPIs) for risk management
• Role of technology in risk monitoring (software tools and dashboards)
• Managing project changes and unforeseen risks
• Case study: Real-world risk management applications

Day 5: Implementing an Effective Risk Management Culture

• Embedding risk awareness in project teams
• Communicating risks to stakeholders
• Continuous improvement in risk management practices
• Lessons learned and best practices from past projects
• Final review, Q&A, and action planning

CDGA attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.