Project Risk Analysis:

Techniques, Methods and Tools 

 
   

Objectives

  • To identify the steps of the projects risk analysis;

  • To master the methods & the tools for risk analysis;

  • To quantify the risks, to define the action plans: preventive and/or corrective;

  • To implement the action plans in a risk schedule with the actors, including checking dates.

Duration: 3 days

 

   
 

Program

I. General

  • Definitions;

  • Various types of risks:

  • known, unknown;

  • internal, external;

  • technical, management;

  • resources, etc.

  • Differences: risks/chaos;

  • Project risks;

  • When does risk analysis need to be conducted?

  • How to transform risks & chaos into challenges & innovation?

II. Risk analysis steps

  • Risks identification;

  • Quantification & priorisation;

  • Action plans implementation;

  • Risk management (in line with the P.M.I. recommendations).

III. Risks identification

  • Risk localization process;

  • Identification methods & tools;

  • Check list;

  • Flowcharts;

  • Risk identification document.

Case study

IV. Quantification

  • Quantification methods & tools;

  • Pareto’s Law, Decision tree;

  • Check list;

  • Simulation techniques: Monte Carlo;

  • Quantification file & risk priorisation.

Case study

V. Action plans implementation

  • Definition of preventive & corrective actions;

  • Evaluation of the consequences (quality, deadlines & costs);

  • Planning the preventive and/or corrective actions;

  • Stakeholders identification & dates of surveillance management;

  • Fixing a schedule.

Case study

VI. Monitoring the risk management team

  • Definition of the monitoring dates;

  • Implemention of corrective plans;

  • Solution proposals to the steering committee;

  • Updating the knowledge base.

Case study

VII. Software tools for risk analysis

VIII. Assessment

  • Risk plan file;

  • Project risks management.

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