PMI risk management

Project Risk Management (Synchronous e-learning) (24 hrs)

Course Code: CRS-Q-0032202-BM

*Online Course*

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. Therefore, qualified risk management professionals are valuable members of project teams.

The Project Risk Management course introduces a well-proven and practical framework for project risk management, aligned with the Project Management Institute (PMI) global standard “Practice Standard for Project Risk Management”.

Combined with subject matter discussions, participants will be assigned to simulated project teams to work on real-life case studies. Over a series of activities, 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 immediately contribute to their crucial 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 24 Professional Development Units (PDUs) for PMP credential holders under Project Management Institute (PMI)® Continuing Certification Requirements (CCR) program Category A.

  • Understand 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
  • Learn 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, 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 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 re-assessment and audits
  • Warnings and triggers
  • Reserve analysis

Project closeout

  • Lessons learned

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 implement consistent, well-balanced risk management programmes in a cost-effective manner, using proven industry techniques.

Duration : 3 days (24 hrs)
Time : 9:00am to 6:00pm

Nett Course Fee : $1,050.00
Nett Fee after Training Grant* : $105.00 (SMEs) | $750.00 (Non-SMEs / Self-sponsored)
Nett Fee after MCES* : $105.00

Absentee Payroll under WSS Scheme

For SMEs / Non-SMEs : Up to 95% of hourly basic salary (no dollar cap)

Contact Hours of formal project management education

This course qualifies for 24 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.

(A course in partnership with EPM Training Services Pte Ltd)

Key Benefits
  • Understand 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
  • Learn 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, 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 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 re-assessment and audits
  • Warnings and triggers
  • Reserve analysis

Project closeout

  • Lessons learned
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 implement consistent, well-balanced risk management programmes in a cost-effective manner, using proven industry techniques.

Course Details

Duration : 3 days (24 hrs)
Time : 9:00am to 6:00pm

Nett Course Fee : $1,050.00
Nett Fee after Training Grant* : $105.00 (SMEs) | $750.00 (Non-SMEs / Self-sponsored)
Nett Fee after MCES* : $105.00

Absentee Payroll under WSS Scheme

For SMEs / Non-SMEs : Up to 95% of hourly basic salary (no dollar cap)

Contact Hours of formal project management education

This course qualifies for 24 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.

(A course in partnership with EPM Training Services Pte Ltd)

Course Application

Details Registration
October 26, 2020 - October 28, 2020 (9:00 am - 6:00 pm) Register Now
November 17, 2020 - November 19, 2020 (9:00 am - 6:00 pm) Register Now