Why attend this Masterclass?
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.