Project Risk Management: Preparation for Risk Management|Online

Overview

Why Attend

This course aims to enable participants to plan, manage and control project risks. By attending, participants will acquire the knowledge to develop project risk management plans, identify project risks, analyze the identified risks and plan responses for them. They will also learn to analyze the risks qualitatively and quantitively using different practical techniques and learn all the critical tools and techniques required to pass the PMI-RMP® (Risk Management Professional) certification exam.

Course Methodology

The course uses interactive techniques, such as brief presentations by consultant and participants. The course also features several group exercises and simulations and a question bank that will help the participants practice for the exam.

Course Objectives

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

Define the basic terms related to risk and establish a solid risk management framework
Set up plans for risk management and manage the risk register
Identify project risks using different techniques
Perform a qualitative risk analysis to determine the overall project risk score
Complete a quantitative risk analysis by utilizing techniques such as Monte Carlo simulation and decision tree analysis
Develop effective response strategies for positive and negative risks according to their priorities
Review and control project risks through reassessments and audits

Target Audience

This course has been designed for project risk managers, risk owners, project managers, members of the project office, project sponsors, functional managers, senior management and individuals interested in project risk management.

Target Competencies

Planning risks
Identifying risks
Assessing risks
Evaluating responses
Monitoring and reporting risks

Note

Smart has been reviewed and approved by the PMI® Authorized Training Partner Program. This course is worth 30 Professional Development Units (PDUs).

Course Outline

Introduction to Project Risk Management
- Definitions of risk
- Pure and business risks
- Benefits of project risk management
- Project risk management processes
Risk Management Planning
- Stakeholder risk appetite
- Elements of the risk management plan
- Risk breakdown structure
- Defining risk probability and impact scales
Identifying Project Risks
- Brainstorming and Delphi techniques
- SWOT analysis
- Work Breakdown Structure (WBS)
- Risk register
Qualitative Risk Analysis
- Risk probability and impact assessment
- Risk ranking within the project
- Risk urgency assessment
- Project risk score
Quantitative Risk Analysis
- Probability distributions
- Monte Carlo simulation
- Sensitivity analysis
- Expected Monetary Value (EMV)
- Decision tree analysis
Risk Response Strategies
- Negative risk response strategies (threats)
- Positive risk response strategies (opportunities)
- Contingency planning strategy
- Secondary and residual risks
Implementing Responses and Monitoring Risks
- Risk audit
- Risk reviews
- Workarounds

Schedule & Fees

2026 Schedule & Fees

22 - 26 Nov, 2026

English
Virtual Learning

Per participant USD 1,300

22 - 26 Nov, 2026

Arabic
Virtual Learning

Per participant USD 1,300

2027 Schedule & Fees

7 - 11 Feb, 2027

English
Virtual Learning

Per participant USD 1,300

7 - 11 Feb, 2027

Arabic
Virtual Learning

Per participant USD 1,300

21 - 25 Feb, 2027

Arabic
Virtual Learning

Per participant USD 1,300

21 - 25 Feb, 2027

English
Virtual Learning

Per participant USD 1,300

9 - 13 May, 2027

English
Virtual Learning

Per participant USD 1,300

9 - 13 May, 2027

Arabic
Virtual Learning

Per participant USD 1,300

23 - 27 May, 2027

English
Virtual Learning

Per participant USD 1,300

23 - 27 May, 2027

Arabic
Virtual Learning

Per participant USD 1,300

8 - 12 Aug, 2027

Arabic
Virtual Learning

Per participant USD 1,300

8 - 12 Aug, 2027

English
Virtual Learning

Per participant USD 1,300

22 - 26 Aug, 2027

English
Virtual Learning

Per participant USD 1,300

22 - 26 Aug, 2027

Arabic
Virtual Learning

Per participant USD 1,300

7 - 11 Nov, 2027

English
Virtual Learning

Per participant USD 1,300

7 - 11 Nov, 2027

Arabic
Virtual Learning

Per participant USD 1,300

21 - 25 Nov, 2027

Arabic
Virtual Learning

Per participant USD 1,300

21 - 25 Nov, 2027

English
Virtual Learning

Per participant USD 1,300

Project Risk Management: Preparation for Risk Management Professional (PMI-RMP)®

Overview

Why Attend

Course Methodology

Course Objectives

Target Audience

Target Competencies

Note

Course Outline

Schedule & Fees

2026 Schedule & Fees

2027 Schedule & Fees