Managing Project Risk (16 hrs)
Course Code: TGS-2021003024 | SSG Funded
*Classroom-based Learning*
Managers are often under pressure to deliver projects on accelerated schedules, and to incorporate new technologies and innovations to stay ahead of the competition. These pressures and uncertainties result in adding risk to projects, which is one reason that qualified risk management professionals are now valuable members of project teams.
This course introduces a well-proven and practical framework for project risk management, all aligned with the Project Management Institute’s (PMI) global standard ‘Practice Standard for Project Risk Management’. Participants will be empowered with risk management tools, techniques, and practical skills to immediately contribute to their crucial projects onsite and back at the office.
Participants who fulfil all requirements will receive a Statement of Attainment (SOA) issued by the SkillsFuture Singapore (SSG).
This course qualifies for 16 Professional Development Units (PDUs) for PMP credential holders under Project Management Institute (PMI)® Continuing Certification Requirements (CCR) program Category A.
- Explain project risk-related concepts, terms, and principles
- Use a proven and practical risk management framework aligned to the PMI Practice Standard for Project Risk Management
- Describe how to manage project risk throughout project life cycle by assessing and identifying risks, mitigating threats and capitalising on opportunities
- Plan contingency strategies, devise fallback plans, identify triggers or early warning signs
- Monitor and report on risk status, perform risk re-assessment and audits
Overview and risk management fundamentals
Plan risk management
Identify risks
Risk analysis
- Probability and Impact Matrix
- Perform qualitative analysis and risk prioritisation
- Perform quantitative analysis tools and techniques
Plan risk responses
- Strategies for threats
- Strategies for opportunities
- Contingency response strategies
Risk monitoring and control
- Risk reassessment and audits
- Warnings and triggers
- Reserve analysis
Project closeout
- Lesson learned
Participants will be organised into simulated project teams to work on real-life case studies and undergo subject matter discussions. Over a series of workshop exercises, the teams will apply practical tools and techniques to develop complete risk management planning deliverables.
This course is suitable for project managers, managers, supervisors, senior engineers, engineers, team members, and any other project stakeholders seeking to implement consistent, well-balanced risk management programmes in a cost-effective manner, using proven industry techniques.
Duration : 2 days (16 hrs)
Time : 9:00am to 6:00pm
With effect from 1 Jan 2024
| Type | Individuals | |||
| Singapore Citizens and Permanent Residents (Aged ≥ 21 years old) | Employer-sponsored and Self-Sponsored Singapore Citizens aged ≥ 40 years old | SME-sponsored Singapore Citizens and Permanent Residents | Non-SME-sponsored Singapore Citizens and Permanent Residents | |
| Type of Funding | ||||
| SkillsFuture Funding (Baseline) | SkillsFuture Mid-career Enhanced Subsidy | SkillsFuture Enhanced Training Support for SMEs | SkillsFuture Training Support for Non-SMEs | |
| Course Fee | $600.00 | $600.00 | $600.00 | $600.00 |
| Less: SkillsFuture Funding | $300.00 | $420.00 | $420.00 | $300.00 |
| Total Nett Fee | $300.00 | $180.00 | $180.00 | $300.00 |
| Add: GST @ 9% of Course Fee | $54.00 | $54.00 | $54.00 | $54.00 |
| Total Fee Payable | $354.00 | $234.00 | $234.00 | $354.00 |
Skill Code: EGS-PMT-3005-1.1-1
Skill Title: Project Risk Management
Funding valid till 06 Mar 2025
Contact Hours of formal project management education
This course qualifies for 16 Contact Hours of formal project management education, satisfying the Project Management Institute PMI-RMP Exam requirement.
* Please click HERE for detailed information on general terms and conditions.
* 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 Training Services Pte Ltd UEN201114074D)
- Explain project risk-related concepts, terms, and principles
- Use a proven and practical risk management framework aligned to the PMI Practice Standard for Project Risk Management
- Describe how to manage project risk throughout project life cycle by assessing and identifying risks, mitigating threats and capitalising on opportunities
- Plan contingency strategies, devise fallback plans, identify triggers or early warning signs
- Monitor and report on risk status, perform risk re-assessment and audits
Overview and risk management fundamentals
Plan risk management
Identify risks
Risk analysis
- Probability and Impact Matrix
- Perform qualitative analysis and risk prioritisation
- Perform quantitative analysis tools and techniques
Plan risk responses
- Strategies for threats
- Strategies for opportunities
- Contingency response strategies
Risk monitoring and control
- Risk reassessment and audits
- Warnings and triggers
- Reserve analysis
Project closeout
- Lesson learned
Participants will be organised into simulated project teams to work on real-life case studies and undergo subject matter discussions. Over a series of workshop exercises, the teams will apply practical tools and techniques to develop complete risk management planning deliverables.
This course is suitable for project managers, managers, supervisors, senior engineers, engineers, team members, and any other project stakeholders seeking to implement consistent, well-balanced risk management programmes in a cost-effective manner, using proven industry techniques.
Duration : 2 days (16 hrs)
Time : 9:00am to 6:00pm
With effect from 1 Jan 2024
| Type | Individuals | |||
| Singapore Citizens and Permanent Residents (Aged ≥ 21 years old) | Employer-sponsored and Self-Sponsored Singapore Citizens aged ≥ 40 years old | SME-sponsored Singapore Citizens and Permanent Residents | Non-SME-sponsored Singapore Citizens and Permanent Residents | |
| Type of Funding | ||||
| SkillsFuture Funding (Baseline) | SkillsFuture Mid-career Enhanced Subsidy | SkillsFuture Enhanced Training Support for SMEs | SkillsFuture Training Support for Non-SMEs | |
| Course Fee | $600.00 | $600.00 | $600.00 | $600.00 |
| Less: SkillsFuture Funding | $300.00 | $420.00 | $420.00 | $300.00 |
| Total Nett Fee | $300.00 | $180.00 | $180.00 | $300.00 |
| Add: GST @ 9% of Course Fee | $54.00 | $54.00 | $54.00 | $54.00 |
| Total Fee Payable | $354.00 | $234.00 | $234.00 | $354.00 |
Skill Code: EGS-PMT-3005-1.1-1
Skill Title: Project Risk Management
Funding valid till 06 Mar 2025
Contact Hours of formal project management education
This course qualifies for 16 Contact Hours of formal project management education, satisfying the Project Management Institute PMI-RMP Exam requirement.
* Please click HERE for detailed information on general terms and conditions.
* 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 Training Services Pte Ltd UEN201114074D)
Course Application
| Details | Registration |
|---|---|
|
February 15, 2024 - February 16, 2024 (9:00 am - 6:00 pm)
[Classroom]
|
Closed |
|
June 6, 2024 - June 7, 2024 (9:00 am - 6:00 pm)
[Classroom]
|
Register Now |
|
October 10, 2024 - October 11, 2024 (9:00 am - 6:00 pm)
[Classroom]
|
Register Now |
