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📊 Diploma

Project Risk Management

A 4-month diploma focused on identifying, assessing, and mitigating project risks to improve decision-making and ensure successful project delivery.

Note:

On completion of the course, the student will undertake an additional 3 months of active learning, including exposure to relevant case studies and becoming certified as an Associate of the Enterprise Risk Management Professionals (AERMP). Students without sufficient practical experience will require an additional 2 years of industry experience before induction as Associate.

Duration: 4 Months

Introduction

Project Risk Management is designed to help professionals understand the risks associated with projects and how these risks can affect project success. All projects contain risk elements, and the inability to recognize and manage these risks has often resulted in project failure, cancellation, or financial loss. This course provides an effective approach to improving decision-making, reducing threats, and increasing the likelihood of projects achieving their cost, time, and performance objectives. Students will learn how to identify, measure, analyze, and manage project risks and how to develop a structured project risk management plan.

Learning Objectives

Upon completing this course, students will:

  • Identify and understand the risks faced by organizations, particularly project-related risks
  • Assess and measure the impact of risks on organizations and projects
  • Understand how project risks can be identified, assessed, and measured
  • Understand the different approaches used to manage or mitigate project risks
  • Apply Enterprise Risk Management principles within project management

Course Outline

  • Introduction to Project Management
  • Benefits of Risk Management in Projects
  • Risk Management Process
  • Roles and Responsibilities in the Risk Management Process
  • Project Risk Identification, Assessment, and Mitigation
  • Project Risk Assessment: Qualitative and Quantitative Techniques
  • Case Studies, Group Projects and Assignments

Target Audience

This course is designed for professionals interested in learning how to manage project risks effectively. It is suitable for Project Managers, Risk Managers, Team Leaders, Business Analysts, Quality Assurance Professionals, Software Developers, Engineers, Architects, Consultants, and anyone involved in managing projects across various industries and sectors.

There are no special prerequisites for this course.

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