Project Risk, Uncertainty & Decision Analysis

Project managers are the most creative professionals in the world; we have to anticipate and address potential issues before they arise. In today's fast-paced and uncertain business environment, project management professionals are increasingly called upon to make critical decisions under pressure.

This Anderson training course delves into advanced concepts in Project Management and Risk Management, equipping participants with the skills needed to navigate complex, dynamic situations. You will learn proven strategies and systematic approaches to manage projects effectively and achieve business objectives. Choose this course if you are looking for valuable tips, techniques, and methods to enhance your project management skills and succeed in a challenging business landscape.

This training course will feature:

• Understanding of requirements and project definition
• Preparation of a project plan
• Development of a risk management strategy
• Understanding of project stakeholders
• Applying effective strategies to deliver the project and address typical project issues

This training course is aligned with the Project Management Institute’s (PMI®) Project Management Body of Knowledge (PMBOK® Guide) and promotes the use of language and terminology that project managers speak all over the world.

By the end of this training course, participants will be able to:

• Demonstrate a fundamental understanding of project management concepts
• Prepare and execute an effective project plan
• Identify and analyse project risk
• Establish a project control system and monitor progress
• Apply effective strategies to address typical project issues

The training course is tailored for all personnel who are exposed to, involved in, or responsible for manging projects considering risk management requirements. It is also most beneficial for senior managers having new or running initiatives for implementing company strategies.

This Anderson training course is suitable to a wide range of professionals but will greatly benefit:

• Professionals who make or support project decisions and would like to be able to develop and justify effective solutions
• Project management professionals and supporting personnel
• Internal auditors and management accountants 

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. Project management knowledge, skills, tools and techniques are taught through case studies, experiential exercises and practical examples that can be used immediately to improve your project results.

• The nature of projects and project management
• Project/program and portfolio management
• Project organization, project life cycle and Stage Gate approach
• Project Initiation
• Scope definition and Work Breakdown Structure (WBS)

• Defining and sequencing project activities
• Schedule Development
• Resource management
• Estimating costs and determining budgets
• The earned value management (EVM) concept

• Decisions under certainty, risk and uncertainty
• Risk management overview
• Contemporary concepts and standards in risk management
• Risk management planning process
• Risk identification and assessment
• Qualitative risk analysis

• Schedule-Risk and Cost-Risk Analysis
• Risk Response Strategies
• Risk Response Implementation
• Risk monitoring and follow-up
• Risk Reporting

• Managing stakeholder expectations
• Managing project communications
• Managing the project team
• Effective project closure
• Lesson learned
• Post-project evaluation and Benefit Realisation

Anderson Certificate of Completion will be provided to delegates who attend and complete the course