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Project Compliance and Risk Management

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Programme Overview

GTC Live Online (Pick and Choose) Training Course

PMI Approved and CPD Accredited

Project Compliance and Risk Management

Course Outline

One of the greatest challenges in projects is the need to comply with certain rules and regulations, both internal and external to the organization executing them. Project managers are used to handling project risks; however, compliance risks occasionally fall beyond the scope of the project itself. Understanding risk management in project management is a key skill required of all project managers. In this GTC online instructor led project risk management training course. you will learn how to identify, measure and analyse risks in projects of all sizes and scopes, and how to ensure the success of your projects from beginning to the end by quantifying and creating a project risk management plan.

The aim of this course is to enable the delegates to plan, manage and control project risks. It is an introduction to project risk management that enables a team to identify, classify and manage risk systematically for the duration of a project, taking full account of corporate aims in order to control the probability and mitigate the impact of an adverse risk event.

Ten Key Learning Outcomes

Delegates will gain knowledge and skills that will provide an overview of project risk management:

  • Why project risk management, the process involved and definitions of project risk
  • Identify human aspects of risk management – risk attitude and heuristics
  • Identify risk: describe risks using structured risk descriptions, identification techniques, developing a riskregister
  • Manage the process: keep the process alive and improve risk management
  • Manage risk to deliver initiatives that meet stakeholder needs
  • Apply scalable templates for your initiative with risk management plans, risk registers, and risk assessment matrixes
  • Leverage a proven qualitative risk-analysis process to guide your risk management decisions
  • Use a practical, eight-step process to manage project risk
  • Control multiple risks using concise strategies
  • Implement robust risk response strategies

Global Recognition

Our Project Management courses are delivered based on a tested and rigorous delivery framework which are globally recognised and benchmarked using the international standards. Credence to this is the award to GTC of Recognised Education Provider (R.E.P) by the Project Management Institute (PMI).

This course is registered with the Project Management Institute (PMI)® R.E.P. Programme. As an R.E.P., GTC has been approved by PMI to issue applicable Professional Development Units (PDUs) for its Training courses. PMI allows credential holders to apply PDUs to the maintenance of their credentials. One (1) PDU is equivalent to one (1) contact hour of Training.   Five (5) PDUs will be awarded for each training day.

GTC have been awarded the Provider of Training Excellence by the Continuing Professional Development Standards Office(CPDSO).  For attending this course, you will be entitled to CPD Credits based on the number of hours of attendance.  Accordingly, you will be entitled to six CPD Credits for each day and you will also receive a CPD Recognised e-certificate upon completion of your programme. Your course completion certificate will reflect the number of CPD Credits based on how many days you choose.

Delivery Methods

This is practical Instructor Led Virtual course where there is no fluff or unnecessary materials ‘just to fill the void’ with non-value add information. The Training Modules and daily topics have been fully researched so that the content, the activities, the outcomes and the learning objectives are in line with management best practice. Each daily module considers the competence and key behaviours and have been designed to make sure that the training is impactful. The materials are straight to the point with knowledge and strategies that you can use right away.

A variety of different learning methods are used, and these are:

  • Dynamic slide presentation that gives a brief relevant and appropriate statement (no more than 16 words) and each with powerful image to reflect the context and message of the statement.
  • Video clips covering: Leadership, Self- Awareness, Motivation and Team Building.
  • Relevant Case Studies that during each learning day will be discussed and debated by the Instructor and all course participants.
  • Relevant e books and whitepapers that each you will be required to Read, Review and Reflect each evening of the training course duration.
  • Discuss, Debate and Decide papers covering a range of leadership and management articles based on:
    • Interpersonal Excellence
    • Personal Effectiveness
    • Organizational Performance
  • Bespoke Team Assignment whereby at the end of the course, you will be tasked to make a presentation to the Instructor and other course participants. You will need to cover your understanding of:
  • Define the risk management six step process
  • Risk identification and analysis
  • Responses to threats
  • Risk response strategy
  • Risk response development inputs, tools & techniques

Pick and Choose

At GTC, we recognise that you will have acquired many competencies and skills from your academic and actual work experiences. Depending on your level of experience and understanding of Project Management and Contract Management, this course is designed for both the beginner looking for a thorough introduction and the intermediate looking for a refresher course that will strengthen their project management and contract management skills.  We are offering you the opportunity to pick and choose to attend all, or even just one day of the course; depending on your knowledge and learning requirements.

Day One- Project Risk Management Fundamentals

Day Two - Principles of effective risk management

Day Three - Integrating risk management into the project management process

Day Four -   Management of process

Day Five- Risk response monitoring and control

Course Schedule

Using the most advanced Learning Management System, this online training course is conducted online using Zoom and has three actual training sessions:

Setup and Administration       09:00 to 09:30

1st Session                               09:30 to 11:00 –  live instructor led

2nd Session                              11:00 to 12:30 –  offline reading and assignment activity

Break                                       60 minutes –        lunch/prayer

3rd Session                              13:30 to 14:45 –  live instructor led

Q & A                                      14:45 to 15:00 – live instructor led

 Daily Topics

Day One:  Project Risk Management Fundamentals

Competency Description

Risk management is focused on anticipating what might not go to plan and putting in place actions to reduce uncertainty to a tolerable level.Projects, by their very nature, always carry uncertainty (i.e. risk). Risk management is a process used for the identification, assessment and analysis of potential risks to an organization or project. This process enables you to develop the most appropriate risk response

Topics to be covered

  • What is project risk? The nature of projects and uncertainty
  • Definition and characteristics of ‘risk’
  • Fundamentals of Risk Management (FoRM)
  • The PMBOK® Six Risk Management Processes

Personal Impact and Key behaviours

  • How the risk management process works as part of a compliance framework
  • Identify threats and opportunities and weigh their relative value in your project
  • Overcome psychological barriers to risk in stakeholders and team members
  • Understanding the life-cycle of risk and projects - key events which always drive risk

 Day Two: Principles of effective risk management

 Competency Description

Project risk must be identified, managed, and addressed throughout the project in order for the project to be successful. Risk management plays an important role in maintaining project stability and efficiency throughout the project life cycle. It proactively addresses potential obstacles that may arise and hinder project success and/or block the project team from achieving its goals. Project risk can be anything that threatens or limits the goals, objectives, or deliverables of a project. Project risk is present in all projects and may have one or more causes and, if it occurs, one or more impacts.

Topics to be covered

  • Risk management planning and identification of risks
  • Components of risk
  • Risk Identification and Risk Assessment
  • Quantitative and Statistical Analysis

 Personal Impact Key behaviours

  • Initiating project risk management - the planning and project specific impact scales
  • Benefits of assessment before analysis
  • Analysing and presenting cost, schedule and technical impact
  • When to use Monte Carlo and what to use if for

Day Three: Integrating risk management into the project management process

 Competency Description

Risk management is not a “stand-alone” approach. It must be fully integrated with the existing processes of the organization so as to fulfill its sole objective:To support a dynamic decision- making process for project management teams and ensure the strategic objectives are met: deliver the expected results, on time and on budget.

Topics to be covered

  • Responsibilities in risk management
  • Risk assessment - probability and impact, proximity, inherent vs current risk exposure
  • Risk responses - risk responses to threats and opportunities, secondary risks, post response assessment
  • Determining risk tolerances

Personal Impact Key behaviours

  • Make risk and opportunity integral components of your project plan
  • Rating Each Risk
  • Identify mitigating controls or safeguards
  • Implementing risk analysis and risk assessment

Day Four: Management of process

Competency Description

If risk management is set up as a continuous, disciplined process of problem identification and resolution, then the system will easily supplement other systems. This includes; organization, planning and budgeting, and cost control. Surprises will be diminished because emphasis will now be on proactive rather than reactive management. If you don't actively attack risks, they will actively attack you!!Embedding risk management into an organization's structures and programs using a consistent risk management process creates a cohesive integrated risk management environment.

Topics to be covered

 Integrating risk data with budgeting; schedules and EVM

  • Using risk data at project Gates
  • Integrating risk outputs into plans and forecasts (including resource)
  • Effective measures (KPIs) for managing the overall process

 Personal Impact and Key behaviours

  • Employ the concept of Expected Monetary Value (EMV) to prioritise the risk mitigation strategy
  • Control multiple risks using concise strategies
  • Implement risk analysis methods
  • Develop a risk mitigation strategy

Day Five: Risk response monitoring and control

Competency Description

Assessing, managing and controlling risks is the best weapon you have against project catastrophes. By evaluating your plan for potential problems and developing strategies to address them, you'll improve your chances of a successful, if not perfect, project.Proper risk management will reduce not only the likelihood of an event occurring, but also the magnitude of its impact. Remember this: "Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning."

Topics to be covered

  • Risk management plan execution
  • Risk response control tools
  • Risk response control guidelines
  • Contingency plans and workarounds

 Personal Impact and Key behaviours

  • Implementing responses and updating plans
  • Identify the consequences of each risk
  • Create contingency plans
  • Develop mitigation strategies