Risk Management Training

Fundamentals of Risk Management             (including introduction to Monte Carlo)

Course outline

Project Manager focused

1 day course covering:

  • Introduction/overview, includes discussion around Issues and Risk Management being proactive
    • Use analogy discussion (Sydney to Hobart man overboard or other)
  • Risk management standards and tools – industry and client organisation
  • Risk identification & assessment
  • Risk ownership and Response plans
  • Risk Control, monitoring & reporting
  • Quantitative Risk Management – introduction to Monte Carlo:
    • Revisit uncertainty
    • Monte Carlo demonstration
    • Real life application (eg Vic Gov DTF Business Case template with probability driven input table)
  • Contingency – how much is enough ?
  • The wrap up – Risk Management implies action – do something about the risk(s)