Delivery Method
Instructor led, group-paced, classroom-delivery learning model with structured hands-on activities.
PMI Authorized Training Partner · ATP #5029 · Bangkok
Risk Management Fundamentals
Risk Management Fundamentals is part of Project Victor’s Risk Management pathway, delivered by experienced practitioners for professionals who need practical project results and certification-ready learning where relevant.
Course PriceAsk for price
SessionsRequest Date
DeliveryBangkok / Live online
Duration2 Days
A Clearer Way to Review the Course
Risk Management is a critical discipline that helps people better manage uncertainty and threats, and Risk Management for Project Managers explores the topic as it applies to projects and programs of a technical nature. Comprehensive in scope and designed for all stakeholders who want to proactively mitigate the effects of risk, this course covers all the fundamental aspects related to risk management, including planning, identification, assessment, quantification, analysis, mitigation and tracking & reporting. A wide spectrum of risk management tools and techniques will be explored, along with the “softer” disciplines of psychology and human interaction.
The ability to quantify and manage risks before and during a project is a key skill required of all project managers. In this training course, you learn how to identify, measure, and analyze risks in projects of all sizes and scopes, and how to ensure the success of your projects from beginning to end by quantifying and creating risk response strategies.
Who Should Attend
This workshop is designed for managers, engineers, and other individuals who are involved with projects and need to understand risk management and how to deal with it in a proactive manner.
What Is Included
- Instructor-led training
- Practical case discussion
- Project Victor learning materials
- Corporate delivery option
What to Expect Before You Arrive
Course Duration
-
2 days. PMPs are eligible for 14 PDUs
Benefits Achieved
Instructor
Benefits Achieved
- Understand how risk can impact a program
- Understand all of the steps of a comprehensive risk management approach
- Identify various tools and techniques to employ for risk management
- Be able to determine which risk mitigation approach to choose using the concept of risk reduction leverage
- Discuss and explore ideas, concerns and issues related to risk management
- Manage risk to deliver initiatives that meet stakeholder needs
- Apply scalable templates for your initiative with Risk Management Plans,
Risk Registers, and Risk Assessment Matrixes - Leverage a proven qualitative risk-analysis process to guide your risk
management decisions
Prerequisites
-
No pre-requisites required.
Skills You Can Apply at Work
- Understand the core concepts and language used in this discipline.
- Apply practical tools to real project and team situations.
- Leave with clearer next steps for certification, delivery, or team adoption.
Next Public Session
No public dates are currently published for this course. Contact us for the next public class or a private corporate schedule.
What the Course Covers
- Proactive risk management and its key elements
- Definitions, including the different faces of risk: opportunity and threat
- Three key risk components involved in the nature of risk
- Risk categories including the use of the Risk Breakdown Structure (RBS)
- Risks versus Issues
- Goals of risk management
- Nature of risk and why risk identification is difficult
- How risk can impact your project
- Life cycle truths that drive early risk management efforts
- Psychology of risk
- Key inputs for planning risk management
- How to build the plan
- Essential content
- How to perform a qualitative risk analysis
- How to perform a risk data quality assessment
- How to determine overall project risks
- How to prioritize those risks that must be managed
- Calculating expected loss
- Calculating expected opportunity
- Use of probability distributions
- Sensitivity analysis
- Decision Trees
- Modelling and Simulation
- Techniques for dealing with risk
- Techniques for dealing with opportunities
- Cost analysis of responses using Risk Reduction Leverage
- Risk Response Matrix
- Tips and Advice on Risk Responses
- Risk Triggers
- Risk Owners: roles and responsibilities
- Residual risk
- Risk exit criteria
- Contingencies and reserves in risk management
- Tracking Fundamentals
- Tools and Techniques
- Dealing effectively with new risks
- Risk Reporting
- Tips on having a successful risk management effort
Trainer Credentials & Experience
Dr. Petros Rigas
President of PMI Thailand Chapter for 13 years (2011–2023) · Past President & Chapter Counselor- PMI licensed training instructor — profile on PMI’s global website.
- Certified Program Management Professional (PgMP®) — Certificate #2079271.
- Certified Project Management Professional (PMP/CAPM®) — Certificate #1258917.
- Agile Certified Practitioner (PMI-ACP®) — Certificate #2600926.
- Certified Scrum Master (CSM®), Scrum Alliance — Certificant ID 001062861.
- SAFe Program Consultant (SPC)® 6.0 — Certificate ID 50804412-3031.
- SAFe Agilist® 6.0 — Certificate ID 23353981-8934.
- Certified Risk Management Professional (RMP®) — Certificate #2033120.
- Mega-project leadership experience in IT, airport, CCTV, transport, and power infrastructure.
- Commercial contract manager, reviewer, and advisor.
- Part-time lecturer at KMUTT (Master’s in Project Management) and an invited lecturer at Chulalongkorn University.
- Doctorate from Assumption University of Thailand, with publications on business management.
- Trained 5,000+ project professionals and helped certify 800+ PMPs/CAPMs/PMI-ACPs in Thailand since 2010.
PMI Authorized Training Partner InstructorATP #502913 Years PMI Thailand Chapter President
Useful Details
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