Training & events

Managing Risk in Projects

e-Learning course

Risk management is a key tool for all project managers in the built environment to avoid delays and other costs to clients and contractors alike. This interactive e-Learning course is an ideal introduction to the theory and practice of project risk management.

Risk is a key feature of every construction project. Not accounting for risks in your projects can lead to delays to clients, unexpected costs or much worse. Knowing how to manage and control risks effectively is a vital skill for all professionals - this includes everything from being able to foresee and identify risks, to understanding how to quantify and respond to them.

With its interactive exercises and example scenarios, this course will provide you with the core knowledge and some best practice techniques for Risk Management in project environments.

Who is this course for?

Suitable for all professionals looking to enhance their knowledge of techniques used within Risk Management.

Learning outcomes

  • Define the concepts of risk in projects
  • Distinguish the different stages of risk management
  • Outline approaches to the problems of identifying, quantifying and managing risks
  • Express and demonstrate common techniques for risk analysis and management

Enrolment commences from the time of payment.

You will be asked to complete payment in order to enrol onto this course. Enrolment is activated through completing the payment process. Upon payment, you will be able to access the content for the enrolment period through clicking on the course title located in your 'My Courses' block.

To view the full course programme, see below.

show full programme

Concepts of risk

  • Risk in projects
  • What is risk?
  • Types of risk
  • Risk management

Project appraisal

  • Simple payback
  • Break-even analysis
  • Discounted Cash-flow
  • Non-financial factors

Risk identification

  • Risk identification process
  • Inputs
  • Tools & techniques
  • Outputs

Risk quantification – Part 1

  • Risk quantification process
  • Tools & techniques
  • Impact assessment
  • Decision making
  • Sensitivity analysis

Risk quantification – Part 2

  • Probability theory
  • PERT
  • Monte Carlo simulation
  • Probabilistic networks

Response development

  • Response development process
  • Three response types
  • Risk management plan

Response control

  • Response control process
  • Inputs / Outputs / Tools
  • Risk management plan
  • Iterative cycle

Implementing risk management

  • Practical guidance
  • Do’s & Don’ts
  • Tips & recommendations

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Price excl. VAT

£158.00 for RICS members

£199.00 for non-members

Duration

5 hours