Risk Management in projects is not an option. Modern projects are increasingly subjected to uncertainty and thereby exposed to risks. Managing them as potential opportunities that can be leveraged, or as threats that can be eliminated, minimized and controlled, is a crucial skill for the modern project manager. Basic project control is reactive and focuses on the internals of the project. Risk management adds a pro-active layer to this basic control process. It works as a window to the outside world, allowing for threats and opportunities to be anticipated and planned for as no surprises. In this course, you will learn how to practice risk management effectively in line with the latest international standards from the PMI and also aligned with the Recommended Practices from the Association for the Advancement of Cost Engineering (AACE International). The approach adopted is practical and action-oriented, allowing for a close contact with proven tools and techniques. The course provides a rich blend of soft issues related to the strategic management of risks, and hard processes techniques that ensure a formal integrated approach to project risk management.
Project Risk Management
Top Learning Objectives
- Discover the nature of risks, threats and opportunities, and their potential causes
- Know and understand the practical implementation of a Project Risk Management Process integrated with Performance Management (Earned Value) and Cost Engineering
- Implement the six steps of the Project Risk Management Process, making use of the right tools and techniques
- Gain insights on how to convert risks into opportunities
- Understand and know how to address critical organizational issues for an integrated implementation of Project Risk Management
Who Should Attend?
- Project Controls Manager
- Project Risk Manager
- Project Planners & Schedulers
- Project Controllers
- Portfolio Specialists
- Programme Directors/Managers
- Project Planners & Schedulers
- Risk Management Offices Staff
- Project Management Office Staff
- Project Team Members
- Cost Managers
- Cost Controllers & Engineers
- Project Sponsors
- Project Consultants
- Project Specialists
- Project Engineers
- Top Management
Trainer's Background
- Michael Sanchez is a veteran project management professional with over 25 years of experience leading transformation initiatives across Europe.
- He holds PMP®, CSM®, and PSM certifications and has worked across sectors including finance, energy, retail, and public services. As Vice-President of the PMI France Chapter, he advances project management standards while offering deep expertise in project governance, agile transformation, and change management.
- He has led initiatives for major organizations such as BP, EDF, and the European Commission, focusing on digital deployments and organizational redesign. Known for his pragmatic, structured approach, he also excels as a bilingual trainer, delivering impactful, case-based learning tailored to diverse audiences.