Enterprise Risk Management WSQ (16 hrs)

Course Code: CRS-Q-0032262-BM

Risk Management is essential for any good management practice. Managers are often under pressure to make decisions and deliver projects on accelerated schedules, and to incorporate new technologies and innovations to stay ahead of the competition. To minimise the possibility of making the wrong decisions, managers should evaluate every decision made and what impact it has on the organisation and / or project stakeholders.

This course introduces a well-proven and practical framework for risk management that is in compliance with the ISO 31000 Enterprise Risk Management principles and generic guidelines. It is also aligned with the Project Management Institute’s (PMI) global standard ‘Practice Standard for Project Risk Management’.

Combined with subject matter discussions, participants will be organised in simulated project teams to work on real life case studies. The teams will apply a set of practical tools and techniques to develop complete risk management planning deliverables. Participants will be empowered with a set of risk management tools, techniques, and practical skills to contribute to their projects on site and back at the office.

Participants who fulfill all requirements will receive Statement of Attainment (SOA) issued by the SkillsFuture Singapore (SSG).

This course qualifies for 16 Professional Development Units (PDUs) for both PMP and PMI-RMP credential holders under Project Management Institute (PMI) Continuing Certification Requirements (CCR) programme Category A.

  • Understand the risk-related concepts, terms, and principles
  • Apply a proven and practical risk management framework aligned to industry best practices
  • Learn to manage organisation or project risks by identifying, analysing, prioritising, mitigating threats and capitalising on opportunities
  • Plan contingency strategies, devise fallback plans, and identify triggers and early warning signs
  • Be able to monitor and report on risk status, perform risk re-assessment and audits

Overview and Risk Management fundamentals

  • Risk Management principles and concepts
  • Risk Management trends and best practices
  • Accountability and governance

Plan Risk Management

  • Critical success factors for Risk Management plan
  • Iterative Risk Management processes

Identify risks

  • Tools and techniques
  • The Risk Register

Risk Analysis

  • Probability and Impact Matrix
  • Qualitative Risk Analysis and risk prioritisation

Plan risk responses

  • Risk response strategies
  • Risk response analysis

Risk monitoring and control

  • Monitor, track and evaluate
  • Risk re-assessment and risk audits
  • Risk communication and consultation

Project closeout

  • Lessons learned
  • Maintain risk awareness

This course is conducted in a group environment where participants are encouraged to participate in individual and team activities to promote learning, build team morale, and reinforce understanding of concepts.

The course material and group exercises used in class have been developed over many years following recognised Instructional Design techniques. All material is regularly updated based on participant feedback and current industry good practices.

Our trainers have many years of project management, leadership and training experience. They use the processes, tools, techniques and good practices outlined in the Project Management Institute’s PMBOK® Guide “A Guide to the Project Management Body of Knowledge” to facilitate effective learning and relate this knowledge to the running of successful projects in industries.

This course is suitable for senior managers, project managers, team leaders, and project stakeholders seeking to learn well-balanced risk management programs in a cost-effective manner, using proven industry techniques.

Duration : 2 days (16 hrs)
Time : 9:00am to 6:00pm

Nett Course Fee : $800.00
Nett Fee after Training Grant* : $80.00 (SMEs) | $560.00 (Non-SMEs / Self-sponsored)
Nett Fee after MCES* : $80.00
Nett Fee after WTS* : $40.00

* Please click HERE for detailed information on course fee funding schemes, SkillsFuture credit, and complete listing of funded courses. This course is eligible for use of SkillsFuture credit.

(A course in partnership with ePM International Holdings Pte. Ltd.)

Key Benefits
  • Understand the risk-related concepts, terms, and principles
  • Apply a proven and practical risk management framework aligned to industry best practices
  • Learn to manage organisation or project risks by identifying, analysing, prioritising, mitigating threats and capitalising on opportunities
  • Plan contingency strategies, devise fallback plans, and identify triggers and early warning signs
  • Be able to monitor and report on risk status, perform risk re-assessment and audits
Course Contents

Overview and Risk Management fundamentals

  • Risk Management principles and concepts
  • Risk Management trends and best practices
  • Accountability and governance

Plan Risk Management

  • Critical success factors for Risk Management plan
  • Iterative Risk Management processes

Identify risks

  • Tools and techniques
  • The Risk Register

Risk Analysis

  • Probability and Impact Matrix
  • Qualitative Risk Analysis and risk prioritisation

Plan risk responses

  • Risk response strategies
  • Risk response analysis

Risk monitoring and control

  • Monitor, track and evaluate
  • Risk re-assessment and risk audits
  • Risk communication and consultation

Project closeout

  • Lessons learned
  • Maintain risk awareness
Learning Methodology

This course is conducted in a group environment where participants are encouraged to participate in individual and team activities to promote learning, build team morale, and reinforce understanding of concepts.

The course material and group exercises used in class have been developed over many years following recognised Instructional Design techniques. All material is regularly updated based on participant feedback and current industry good practices.

Our trainers have many years of project management, leadership and training experience. They use the processes, tools, techniques and good practices outlined in the Project Management Institute’s PMBOK® Guide “A Guide to the Project Management Body of Knowledge” to facilitate effective learning and relate this knowledge to the running of successful projects in industries.

Who Should Attend

This course is suitable for senior managers, project managers, team leaders, and project stakeholders seeking to learn well-balanced risk management programs in a cost-effective manner, using proven industry techniques.

Course Details

Duration : 2 days (16 hrs)
Time : 9:00am to 6:00pm

Nett Course Fee : $800.00
Nett Fee after Training Grant* : $80.00 (SMEs) | $560.00 (Non-SMEs / Self-sponsored)
Nett Fee after MCES* : $80.00
Nett Fee after WTS* : $40.00

* Please click HERE for detailed information on course fee funding schemes, SkillsFuture credit, and complete listing of funded courses. This course is eligible for use of SkillsFuture credit.

(A course in partnership with ePM International Holdings Pte. Ltd.)

Course Application

Details Registration
March 30, 2020 - March 31, 2020 (9:00 am - 6:00 pm) Closed
September 28, 2020 - September 29, 2020 (9:00 am - 6:00 pm) Register Now
November 26, 2020 - November 27, 2020 (9:00 am - 6:00 pm) Register Now