Projects, by their very nature, always carry uncertainty. Risks come out of uncertainty, which means that risk is an inherent characteristic of any project. A project manager may not eliminate all risks, but can manage them or at least navigate among them.
The objective of this course is to enable participants to plan, monitor and control project risks.
The learning will include how to develop a project risk management plan and exercise it during project life-cycle. Introducing the basic concepts of risk and uncertainty, the course consists of two parts: In part one, qualitative risk management process, including risk identification, analysis, evaluation and response, is explained in details. In part two, quantitative methods of risk management, which are crucial to effective management of cost and schedule, are taught. In specific, Monte Carlo simulation, decision trees, expected monetary value (EMV) and utility theory, scenario analysis and sensitivity analysis are headlines of part two.
Duration: 2 days
Credits: All individuals attending and completing the course will receive a completion certificate, endorsing 1.6 Continuing Education Units (CEU) equal to 16 Professional Development Units (PDU) certificates. This certificate is presentable to PMI, AACE and any other accredited licensing/certification entities.
Mode of the workshop: This is an interactive workshop to make the learning process engaging and enjoyable. Multiple teaching modes, including lectures, discussions around real-life examples, group exercises and action planning are combined to ensure maximum understanding, comprehension and retention of the information presented.
Fee: 1799 CAD per participant
Services: 3Targets will set and provide prerequisites and side services related to the training by itself, as per its standards and protocols, with the objective of offering high quality service. This includes:
- Training sessions
- Course materials consisting of presentations, booklets, assignments and tests
Exclusions: 3Targets does not account for the venue, food and refreshments, announcing and marketing the course and registering applicants. Such services should be the sole responsibility of the host organization (for in-house).
Who should attend?
This course has been designed for project directors and managers, project engineers, project coordinators, lead engineers, planers, schedulers, cost controllers, commercial managers, and any key members of oil and gas project teams.