An Intensive 10-day Training Course
Advanced Strategic Project & Risk Management
This MHMMD training course on Advanced Strategic Project & Risk Management examines project management tools and techniques, to help ensure success for medium...
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Course Overview
This MHMMD training course on Advanced Strategic Project & Risk Management examines project management tools and techniques, to help ensure success for medium to large and complex projects. Project management processes are examined in detail, and includes, stakeholder management, with advice on how senior managers within an organization, are able to support projects and the project manager to a successful delivery.
This 10 day training course aligns with the Project Management Institute’s (PMI®) Project Management Body of Knowledge (PMBOK®)
Participants will develop the following competencies:
- Project Initiation and start up, including roles and responsibilities
- Project scope management in order to build quality into project plans
- Project planning and estimating, including resource and costs
- Critical path and critical chain methodologies to enhance scheduling thought process, and the development of solid, reliable, efficient and effective baselined project plans
- Stakeholder identification and analysis, with strategies for engaging different types of stakeholders
- Advanced project risk and uncertainty analysis. Strategies for handling uncertainty, and applying advanced methods for applying a project management risk process
- Project monitoring and control techniques during Execution
This 10-day training course, comprises of two parts, as detailed below:
Module 1 - Strategic Project Management
Module 2 - Project Risk Management & Compliance
Each module has been developed distinctly, such that it can can be attended as an individual 5-day training course. However, for optimum training outcome, participants are encouraged to attend Module 1 and Module 2, as a complete 2-week training course.
Training Objectives
TRAINING OBJECTIVES
This Advanced Strategic Project & Risk Management training course aims to enable participants to achieve the following objectives:
- Increased confidence in time and cost estimates
- Focus on risk management throughout the project life cycle
- Options for handling difficult stakeholders, issues and conflict management
- Track and report project progress with solid metrics, not speculation, enabling control options for sponsors
- Improve stakeholder approach, communication and involvement
Training Methodology
This MHMMD training course will combine presentations with interactive practical exercises, supported by video materials, activities and case studies. Delegates will be encouraged to participate actively in relating the principles of project management to the particular needs of their workplace.
Who should Attend?
- Project managers responsible for delivering medium-to-large scale cross-functional projects
- Personnel or managers assigned to projects, who want to learn a structured method and approach for managing projects
- Functional support managers who wish to obtain a clear understanding of the project management process and how they fit into the process
- Middle and senior managers who are responsible for supporting the project management process across an organisation an want a solid understanding of project management
Training Outline
Module 1: Strategic Project Management
Day 1 : Introduction to Project Management
- Why do we do projects?
- Effective project management – features and benefits
- Programme and Portfolio management
- Pros and cons of different organisational structures
- The facets of an effective project management culture
- Key elements of project governance
Day 2 : Project Initiation
- Project selection and prioritisation
- Feasibility Studies
- Project financial justification – non-discounted and discounted techniques
- Preparing a project Business Plan
- Identifying and prioritising project stakeholders
- Developing the Project Charter
Day 3 : Project Planning and Control
- The 10 Project Management Knowledge Areas
- Work Breakdown Structures and their uses
- Creating the project schedule
- Project estimating
- Project Monitoring and Control
- Project reporting
Day 4 : Project Risk Management and Project Closure
- What do we mean by Risk?
- Risk Identification
- Risk Analysis Approaches – Qualitative and quantitative techniques
- Risk Management Strategies
- Contingency and management reserves
- Project Closure and Evaluation
Day 5 : Implementing a Strategy for the Management of Projects
- Designing a project methodology
- Defining project roles and responsibilities
- How to be a great Project Sponsor
- Identifying project management and control systems
- Developing proposals for organisational change
- Securing a project mind-set and making a commitment to action
Module 2: Project Risk Management & Compliance
Programme Outline
Day 1- Risk Management Framework and Planning Introduction
- Key definitions
- Project risk management goal
- Purpose of risk management
- Benefits of risk management
- Responsibilities in risk management
- Integrating risk management into the project management process
- Components of risk
- Types of risk
Six steps of risk management
- Key definitions
- Project risk management goal
- Purpose of risk management
- Benefits of risk management
- Responsibilities in risk management
- Integrating risk management into the project management process
- Components of risk
- Types of risk
Six steps of risk management
- Plan the approach to risk management
- Risk Identification
- Risk Assessment & Quantification
- Risk Response Plan Development
- Risk management plan execution
- Evaluating risk response results
- Key definitions
- Project risk management goal
- Purpose of risk management
- Benefits of risk management
- Responsibilities in risk management
- Integrating risk management into the project management process
- Components of risk
- Types of risk
Six steps of risk management
- Plan the approach to risk management
- Risk Identification
- Risk Assessment & Quantification
- Risk Response Plan Development
- Risk management plan execution
- Evaluating risk response results
Risk Planning (Step 1)
- Key definitions
- Project risk management goal
- Purpose of risk management
- Benefits of risk management
- Responsibilities in risk management
- Integrating risk management into the project management process
- Components of risk
- Types of risk
Six steps of risk management
- Plan the approach to risk management
- Risk Identification
- Risk Assessment & Quantification
- Risk Response Plan Development
- Risk management plan execution
- Evaluating risk response results
Risk Planning (Step 1)
- Plan the approach to risk management
- Planning inputs, tools & outputs
Day 2 - Risk Identification Processes Risk Identification (Step 2)
- Identification inputs & tools
- Identification guidelines
- Risk identification techniques
- Risk categories
- Risk identification outputs
Review of Cost & Schedule Estimating in Relation to Risk
- Identification inputs & tools
- Identification guidelines
- Risk identification techniques
- Risk categories
- Risk identification outputs
Review of Cost & Schedule Estimating in Relation to Risk
- Cost estimating classes & types
- Cost estimating methods
- Accuracy, allowances, contingency & management reserve
- Work Breakdown Structures (WBS)
- Schedule diagramming - critical path method (CPM)
- Resource management
- Earned value method (EVM)
- Baselining
Day 3 - Risk Assessment and Quantification Processes
Risk Assessment & Quantification (Step 3)
- Risk analysis inputs
- Risk analysis guidelines
- Probability analysis
- Impact analysis
- Risk analysis approaches - qualitative & quantitative
- Risk analysis tools & techniques
- Statistical sums in risk analysis
- Program Evaluation & Revue Technique (PERT)
- Monte Carlo simulation
- Decision trees
- Project risk rating & prioritizing
- Risk analysis outputs
Day 4 - Risk Response Plan Development
Risk Response Plan Development (Step 4)
- Risk response development inputs, tools & techniques
- Risk response strategy guidelines
- Response strategies for threats
- Response planning & network diagramming
- Response analysis
- Alternative responses
- Reserves - contingency & management
- Response planning outputs
Day 5 - Risk Response Control
- Risk management plan execution (Step 5)
- Risk response control tools
- Risk response control guidelines
- Risk strategy execution
- Evaluating risk response results (Step 6)
- Risk documentation
ACCREDITATION
MHMMD is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
Taught by our team of highly qualified trainers, our KHDA approved training courses will provide you with an enriching learning experience and practical knowledge that will help you future-proof your career and support professional development within your organisation.
The beautiful thing about learning is nobody can take it away from you.
B.B. King
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