Project Risk Management Across the project life span (project life cycle)

All projects are inherently risky, and zero risk is not an option. The successful project manager will therefore be the one who manages risk effectively by minimized threats and maximizing opportunities, while maintaining a clear focus on achievement of project and business objectives.

This course takes the participants through the essential concepts of project risk management, including extensive coverage of the processes that are required to effectively manage risks. The course will emphasize that risks and risk management for a project evolve over the project life span and is not a one-off exercise that we do during the project planning processes. The course also stress that risk management, like project management, has to be customized and adapted to the organization and the project environment.

The course uses global standards, primarily PMI® a Guide to the Project Management Body of Knowledge® and the Practice Standard for Risk Management as the foundation and platform. However, the course also draws on international best-practices, ISO standard, and the SUKAD own research and development effort.

This is a foundation course for the PMI® Risk Management Professional (RMP) certification but is not a certification preparation course.

Learning Objectives/Outcomes

• Understand risk management; including threats and opportunities
• Understand sensitivities, risk attitude, and risk tolerance
• Learn how to differentiate between stage and project risks
• Learn that risk management must be a continual process that take place over the entire project life span
• Learn how to apply techniques for identifying, analyzing, prioritizing, and responding to risks
• Learn how to ensure effective management of project risks

Who should Attend

• All project personnel, team members, and their managers
• Project engineers, project leaders, project & program managers
• PMO members, managers, and directors

1. General sections; introduction and initial exercises
2. Key concepts
   • Definitions and types of risks
   • Challenges related to risk management
3. Organizational risk management (ISO)
   • Policies and processes
   • Risk management framework
4. Risk management processes
   • PMI® standards
   • Planning for project risk management

1. Risk management processes, continued
   • Risk identification and analysis
   • Risk treatment and response planning
   • Risk monitoring and controlling 

1. Risk management across the project
   • Project life span model and project versus stage risks
   • Identify and agree to class projects
   • Risk management and feasibility studies
   • Risk management as we move through the life span
2. Wrap up: action plans and teams presentations

Mounir is an executive, entrepreneur, author, global speaker, social activist, and project management thought leader with close to 30 years of professional experience in project management, especially working on capital investment projects.

Mounir professional experience is global and earned in the United States, United Kingdom, South East Asia and West Asia. He has been involved with projects worth billions of dollars while working with global leaders such as Exxon, Shell, BASF, Total, and Saudi Aramco. His past roles included estimating, planning, control and services management, project manager, and executive management.

Mounir is an active volunteer leaders and he has held numerous global roles, as a volunteer. These include: PMI® Congress Project Action Team, PMI® Advisory Group for Registered Education Provider program, judging panel on PMI® providers and educational awards. However, Mounir does not volunteer anymore for PMI and he prefers to volunteer his time on other valuable causes.

Mounir was also a co-founder of the Global Project and Process Management Association (GPPMA) and served as Board of Director Chairperson for 3 years.

Mounir has a Master Degree in Engineering & Construction Management from the top ranked University of California Berkeley in 1990. He is a graduate of PMI Leadership Institute Master Class. He earned his Project Management Professional (PMP®) certification in 1998 (but did not renew it) and he is also a Risk Management Professional.

For more information about Mounir please visit his personal website and Career Timeline.