Skill Up Card - Course Bundles

Save up to €4,145 per delegate.

skill up card logo - Nexus Human

Strategic Risk Management

4.6 out of 5 rating Last updated 23/07/2024   English

Jump to outline

Find out more about this course

Interested in alternative dates? Would like to book a private session of this course for your company? Or for any other queries please simply fill out the form below.

Duration

1 Days

6 CPD hours

Overview

Describe risks using a three part statement Understand how risk attitudes affect your project Create useful tools to track risk Communicate risk information to stakeholders Develop a risk management plan Create a meaningful risk matrix Use operational definitions to reduce bias Track risk occurrence and variances Calculate project contingencies

Description

Project risks left unidentified and unmanaged, can derail organizational performance. Project managers and project participants need to be proficient at identifying and managing risks on their projects. This course is designed to teach you hands-on approaches to identifying and managing risks.

Note: This course has been approved by PMI for 8 PDUs.

1 - Introduction
  • Risk management concepts
  • Benefits of strategic risk management
  • Integrating risk management within the project management life cycle
  • Taking a leadership role in risk management
  • Definitions of stakeholder risk tolerances and attitudes
  • Developing a risk management plan
  • Defining risk categories
  • Defining probability and impact
  • Developing a risk matrix
  • Communicating risk information
  • Critical success factors
  • Risk Identification
  • Identifying types of project risks
  • Critical success factors
  • Who should be involved in risk identification
  • Tools & techniques for identifying risks
  • Writing an accurate risk statement
  • Developing a useful risk register
  • CASE STUDY EXERCISE
2 - Risk Analysis
  • Qualitative risk analysis defined
  • Critical success factors
  • Risk probability and impact assessment
  • Risk urgency assessment
  • Using the risk matrix
  • Quantitative risk analysis defined
  • Knowing when to quantify
  • Risk impact calculation
  • Expected monetary value - determining the risk reserves
  • Decision trees
  • Monte Carlo simulation & probability distributions
  • CASE STUDY EXERCISE
3 - Risk Response Planning
  • Response Planning
  • Critical success factors
  • Risk response strategies
  • Developing the risk response plan
  • Tools & techniques for risk responses
  • Planning for Residual and Secondary Risks
  • Response planning documentation
  • CASE STUDY EXERCISE
4 - Controlling Risk
  • Purpose and objective of risk monitoring and control
  • Life cycle of a Risk
  • Critical success factors
  • Using contracts as a risk management tool
  • Tracking risks using the risk register
  • Implementing risk response plans
  • CASE STUDY EXERCISE
5 - Risk Closure and Communication
  • Purpose and objective of risk closure and communication
  • Critical success factors
  • Communicating risk status
  • Creating a central repository of risk information - the Corporate Knowledge Base
Additional course details:

Nexus Humans Strategic Risk Management training program is a workshop that presents an invigorating mix of sessions, lessons, and masterclasses meticulously crafted to propel your learning expedition forward.

This immersive bootcamp-style experience boasts interactive lectures, hands-on labs, and collaborative hackathons, all strategically designed to fortify fundamental concepts.

Guided by seasoned coaches, each session offers priceless insights and practical skills crucial for honing your expertise. Whether you're stepping into the realm of professional skills or a seasoned professional, this comprehensive course ensures you're equipped with the knowledge and prowess necessary for success.

While we feel this is the best course for the Strategic Risk Management course and one of our Top 10 we encourage you to read the course outline to make sure it is the right content for you.

Additionally, private sessions, closed classes or dedicated events are available both live online and at our training centres in Dublin and London, as well as at your offices anywhere in the UK, Ireland or across EMEA.

FAQ for the Strategic Risk Management Course

Available Delivery Options for the Strategic Risk Management training.
  • Live Instructor Led Classroom Online (Live Online)
  • Traditional Instructor Led Classroom (TILT/ILT)
  • Delivery at your offices in London or anywhere in the UK
  • Private dedicated course as works for your staff.
How many CPD hours does the Strategic Risk Management training provide?

The 1 day. Strategic Risk Management training course give you up to 6 CPD hours/structured learning hours. If you need a letter or certificate in a particular format for your association, organisation or professional body please just ask.

Is the Strategic Risk Management training appropriate for someone learning to use Project Management in a professional environment?

Yes the Strategic Risk Management is appropriate for someone looking to use Project Management in a professional workspace or environment. But do make sure to note any prerequisites, read the course outline to ensure it is the right fit for you or your teams requirements and preferences.

What is the correct audience for the Strategic Risk Management training?

This course is designed for project managers and/or project participants seeking a deeper understanding of proven risk management techniques.

Do you provide training for the Strategic Risk Management.

Yes we provide corporate training, dedicated training and closed classes for the Strategic Risk Management. This can take place anywhere in Ireland including, Dublin, Cork, Galway, Northern Ireland or live online allowing you to have your teams from across Ireland or further afield to attend a single training event saving travel and delivery expenses.

What is the duration of the Strategic Risk Management program.

The Strategic Risk Management training takes place over 1 day(s), with each day lasting approximately 8 hours including small and lunch breaks to ensure that the delegates get the most out of the day.

Why are Nexus Human the best provider for the Strategic Risk Management?
Nexus Human are recognised as one of the best training companies as they and their trainers have won and hold many awards and titles including having previously won the Small Firms Best Trainer award, national training partner of the year for Ireland on multiple occasions, having trainers in the global top 30 instructor awards in 2012, 2019 and 2021. Nexus Human has also been nominated for the Tech Excellence awards multiple times. Learning Performance institute (LPI) external training provider sponsor 2024.
Is there a discount code for the Strategic Risk Management training.

Yes, the discount code PENPAL5 is currently available for the Strategic Risk Management training. Other discount codes may also be available but only one discount code or special offer can be used for each booking. This discount code is available for companies and individuals.

Jump to dates

Training Insurance Included!

When you organise training, we understand that there is a risk that some people may fall ill, become unavailable. To mitigate the risk we include training insurance for each delegate enrolled on our public schedule, they are welcome to sit on the same Public class within 6 months at no charge, if the case arises.

What people say about us


Top