Project Risk Analysis & Management

Start Date: 2023-03-13 End Date: 2023-03-17

Scheduled Dates:

   13-17 March 2023

   16-20 October 2023

Venue:                    Windhoek, Namibia

Duration:                5 days

Course Fee:           USD 1850.00

Course Description

Projects are inherently risky ventures and management of Risk is a program that really encourages good positive, pro-active behaviours towards risk in your projects. Risks have to be proactively managed in order to achieve project success. Project Risk Management (PRM) provides an effective approach to improve decision-making, reduce threats, and increase the probability of the project achieving its cost, time and other objectives. The course is designed to ensure that the projects that we are either selecting, or delivering are not going to become “white elephants”, wasted opportunities that cost the organisation or even country monies that can lead to financial disaster.

The Aims of the Course

The course aims to:

• Develop knowledge of using tools and techniques to identify, analyse, mitigate and control risks in a professional manner.

Course Objectives

By the end of this training, delegates should be able to:

• Apply the tools and techniques of modern project decision-making, evaluation, financial planning, capital management and cash flow analysis when considering investment into new capital projects.
• Prepare a risk identification process within a project appraisal
• Identify how to manage the cash flow of projects and manage and appraise the financial risk mitigation strategies
• Identify key risk categories
• Define and manage project success factors and maximize the return on the capital invested in projects
• Appreciate the suitability of differing risk management solutions
• Recognise the benefits of the PPP project model

Target Group

• Project and contracts personnel in both public and private sectors
• Programme and project professionals
• Project Leaders
• Project Engineers
• Cost Engineers
• Senior project control professionals
• Government officials, ministries, public sector agencies
• Project financiers, developers, sponsors, consultants
• Risk management personnel
• Project leaders and team members who will be responsible for identifying, planning, and addressing project risks.