Risk Management in Projects

Discover key strategies for risk management in projects—identify, assess, and mitigate risks to ensure successful outcomes and smooth execution.
Duration: 1 Day
Hours: 2 Hours
Training Level: All Levels
Batch Two
Thursday, November 13, 2025
12:00 PM - 02:00 PM (Eastern Time)
Batch Three
Thursday, December 11, 2025
12:00 PM - 02:00 PM (Eastern Time)
Live Session
Single Attendee
$149.00 $249.00
Live Session
Recorded
Single Attendee
$199.00 $332.00
6 month Access for Recorded
Live+Recorded
Single Attendee
$249.00 $416.00
6 month Access for Recorded

About the course:

Successful project delivery relies on the ability to anticipate, assess, and manage risks throughout the project lifecycle. This course, “Risk Management in Projects,” introduces participants to the principles, processes, and practical tools for effective risk management. You will learn how to identify potential risks, analyze their impact, and develop proactive strategies to minimize disruptions—ensuring your projects achieve their objectives, stay on schedule, and control costs.

Course Objective:

By the end of this course, participants will be able to:

  • Understand the fundamentals of risk management and its importance in project success.
  • Identify and classify different types of risks in projects.
  • Apply systematic approaches to assess and prioritize project risks.
  • Develop risk response plans and implement risk mitigation strategies.
  • Monitor, communicate, and control risks throughout the project lifecycle.

Who is the Target Audience?

This course is ideal for:

  • Project managers and team leads are responsible for project outcomes.
  • Project team members are seeking to understand their role in risk management.
  • PMO staff and project coordinators.
  • Business analysts and stakeholders are involved in project planning and execution.
  • Anyone preparing for project management certifications (e.g., PMP, PRINCE2).

Basic Knowledge:

  • No prior risk management experience is necessary, but basic project management knowledge is beneficial.

Curriculum
Total Duration: 2 Hours
Introduction to Risk Management in Projects

  • What is Project Risk?
  • The Role of Risk Management in Project Success
  • Risk Management Frameworks and Standards (PMBOK, ISO 31000)

Identifying Project Risks

  • Sources and Types of Risks (internal, external, technical, operational)
  • Techniques for Risk Identification (brainstorming, checklists, SWOT analysis)
  • Creating a Risk Register

Risk Assessment and Analysis

  • Qualitative vs. Quantitative Risk Analysis
  • Probability and Impact Assessment
  • Risk Matrix and Prioritization

Risk Response Planning

  • Strategies for Addressing Risks (avoid, transfer, mitigate, accept)
  • Developing Contingency and Mitigation Plans
  • Assigning Risk Owners

Monitoring and Controlling Risks

  • Tracking and Reporting Risks
  • Communicating Risk Status to Stakeholders
  • Updating Risk Plans as Projects Evolve

Practical Application and Q&A

  • Case Study: Risk Management in a Real-World Project
  • Interactive Risk Scenario Exercise
  • Best Practices and Common Pitfalls
  • Open Q&A Session