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Project Risk Management

Facilitated by Dr Jim Young from Wellington

One-day New Zealand Institute of Management professional development programme

Programme objective

Significant accomplishments are rarely possible without taking risks. Today’s projects are more time constrained, pose greater technical challenges, and are less likely to have adequate resourcing than in the past. With these constraints comes risk.

This programme introduces best practice project risk management and familiarises participants with selected tools and techniques for better analysing and responding to project risk in order to deliver results that meet stakeholders’ needs. 

Designed for

Those who propose to manage or are managing projects, and wish to develop their ability to manage risk to improve project performance. 

Learning outcomes

  • Understand the importance and benefits of effective project risk management and be familiar with the associated terminology, purposes, barriers, critical success factors, and psychological considerations

  • Understand how to integrate the risk management process with their project life cycle, be able to apply the project risk management process and principles, and understand attitudes to risk including individual and organisation risk tolerance thresholds

  • Be able to prepare a basic project risk management plan, establish a risk register and risk reporting methods, recognise common sources of project risk and be able to identify, register and categorise risks using a variety of techniques, and recognise, document and validate assumptions

  • Be able to undertake qualitative and selected quantitative analysis to estimate risk impact and probability using a variety of tools and techniques

  • Understand risk response categories and how to develop appropriate specific responses to manage risk (both threats and opportunities) and prepare, justify and implement time and budget contingencies

  • Understand the main types of contracts used for outsourcing project work and for project resource procurement and their associated risk characteristics

  • Be able to implement risk responses, monitor, control and assess risk response effectiveness, and manage residual and secondary risk throughout the project life cycle to post-project risk evaluation

  • Understand how to undertake a project risk audit, update the organisation’s risk database, and apply a basic risk management maturity model to achieve continuous improvement.

In addition to the programme course notes, participants will receive a copy of “Managing Murphy” by Dr Jim Young. 

Dr Jim Young

Jim is a Project Management Professional (PMP) and PRINCE2 Practitioner who holds a MBA in International Management and a Doctoral degree in Business Administration.

Jim served as a career officer in the NZ Army, and then managed a commercial transport organisation, after which he joined NZIM Central, becoming their Principal Consultant before establishing his own company.

Jim has developed and delivered a wide variety of training programmes for 22 years to over 100 organisations in New Zealand and overseas.

Jim is respected as a capable, knowledgeable, practical and enthusiastic presenter.

This workshop is registered for the NZTE Capability Development voucher programme. Vouchers may be used to help businesses pay for services such as training workshops, courses, and coaching that build the management capabilities of their owners, operators and key managers | Accelerate Success Event Reference NZIM265

Investment

$ 600.00 + GST for members
$ 750.00 + GST for non members

Terms & Conditions

  • Employers’ terms and conditions
    (includes Employers’, She’s Motivated and ExportNZ) (PDF 210Kb)
  • NZIM terms and conditions (PDF 200Kb)

 

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