Dubai06 - 10 Oct 201915 - 19 Dec 201909 - 13 Feb 202012 - 16 Jul 2020

Kigali11 - 15 Nov 2019

PROJECT RISK MANAGEMENT & COMPLIANCEIdentifying and Managing Risks in Projects

Houston07 - 11 Sep 2020

Introduction

This GLOMACS training seminar will emphasise awareness of project risk

management to minimise negative project impacts and improve project

execution.

Project management is all about the management of risks; the ability to

seize opportunities, minimise threats and to optimise results. However, risk

management is too often treated as a reactive process, or worse, not done

at all. By better understanding the risks that may affect your projects, and

how to effectively manage them, you will be better positioned to successfully

deliver your projects on schedule, within budget and with a clear health,

safety and environment record.

In this GLOMACS Project Risk Management training course, you’ll work

through the proactive approach to both sides of risk: threats and opportunities.

The approach is based on a clear understanding of both qualitative and

quantitative approaches to risk management.

The highlights of this GLOMACS training course are:

• Examine both the threats and opportunities facing your projects from

both a top-down and bottom-up perspective using a proven six-step

risk management process

• Evaluate and respond to risk at the project as well as the task levels

• Anticipate possible causes of cost and schedule overruns, together

with poor quality of work. By identifying the warning signs to these as

early as possible in the project timely corrective action can be taken to

minimize or mitigate the impact

An issue facing most projects is compliance; with both internal corporate

policy and with government regulations. Failure to properly proceed in this

area can result in costly schedule and budget problems on a project.

Objectives

This GLOMACS Project Risk Management & Compliance training seminar

is designed to provide practicing project managers, program managers,

technical leaders and owner / sponsors with the skills and knowledge to

successfully manage risk throughout the project cycle. As such, delegates

will:

• Get an overview of the Risk Management Process

• Learn to identify risks that affect project quality, time & schedule, cost

and scope

• Apply useful techniques to identify, analyze, mitigate and monitor risks

in the project life cycle

• Learn how to create an effective risk monitoring plan and risk

management strategies

• Use a practical, six-step process to manage project risk

• Develop a risk budget based on Expected Monetary Value (EMV)

Training Methodology

This GLOMACS Project Risk Management & Compliance training

methodology will incorporate both theory and skill training components,

utilizing both traditional lectures, as well as hands-on exercises, group

discussions and case studies.

Organisational Impact

Both private and public organizations will greatly benefit from systematic

approach to managing project, which will improve the likelihood of on-time

and on-budget project completion by focusing on:

• Risk Management Planning in line with project objectives

• Proactive identification of risk sources and minimization of their impact

• Knowledge of Risk Compliance issues and practices

• Understanding the relationship between Risk, Scope, Cost & Time

• Knowledge of Mathematical Techniques used in Risk Analysis

• Evaluating alternative risk strategies and modifying project plans

accordingly

Personal Impact

Delegates will:

• Identify threats and opportunities and weigh their relative value in your

project

• Learn how to rank risks based on the amount of exposure to the

company

• Develop the skill necessary to quantify risks

• Employ the concept of Expected Monetary Value (EMV) to prioritise the

risk mitigation strategy

• Control multiple risks using concise strategies

• Make risk and opportunity integral components of your next project

plan

Who Should Attend?

• This GLOMACS training course is intended for individuals such as

Project Management Professionals who want to develop and refine

their project risk management skills

• Professionals, no matter what your industry background are (i.e.

engineering, information technology or business), this training course

will cover both the fundamental principles and modern techniques of

project risk management

REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.

Project Management Institute, Inc. (PMI)® – REP ID: 2759GLOMACS is proud to be an approved Registered Education Provider (R.E.P.) with PMI®. As an R.E.P. GLOMACS is qualified to issue

applicable Professional Development Units (PDUs) to participants on any of its PMI® registered/approved seminars.

PROJECT RISK MANAGEMENT & COMPLIANCEIdentifying and Managing Risks in Projects

Project Risk Management & Compliance

DAY 1

Risk Management Framework and Planning

• Key Definitions

• The PMBOK® Six Risk Management Processes

• Purpose & Benefits of Risk

• Responsibilities in Project Risk Management

• Integrating Risk Management into the Project

Management Process

• Risk Management Planning

• Risk Planning Process

DAY 2

Risk Identification Processes

• Project Context & Stakeholders

• Risk Identification Inputs

• Risk Identification Tools & Techniques

• Risk Identification Outputs

DAY 3

Risk Assessment Process

• Project Estimating Techniques

• Schedule Diagramming - Critical Path Method (CPM)

• Project Evaluation & Review Technique (PERT)

• Qualitative Risk Analysis

• Quantitative Risk Analysis

DAY 4

Risk Response Plan Development

• Risk Prioritisation

• Risk Response Strategy Guidelines

• Response Strategies for Threats & Opportunities

• Response Planning & Analysis

• Alternative Responses

• Response Validation

• Reserves - Contingency & Management

DAY 5

Risk Response Control

• Resource Management

• Risk Control Guidelines

• Risk Control Inputs

• Risk Control Tools & Techniques

• Risk Control Outputs

• Risk Reporting & Documenting

• Course Summation & Work Session Review

SEMINAR OUTLINE

“REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.”

ApprovedCentre

REGISTRATION DETAILS

LAST NAME:________________________________________FIRST NAME:_______________________________________DESIGNATION:_____________________________________ COMPANY: ________________________________________ADDRESS: __________________________________________________________________________________________CITY:______________________________________________COUNTRY: ________________________________________TELEPHONE:______________________________________MOBILE: __________________________________________FAX:________________________________________________EMAIL:_____________________________________________

AUTHORISATION DETAILS

AUTHORISED BY:_____________________________________________________________________________________DESIGNATION:_____________________________________ COMPANY: ________________________________________ADDRESS: __________________________________________________________________________________________CITY:______________________________________________COUNTRY: ________________________________________TELEPHONE:______________________________________MOBILE: __________________________________________FAX:_____________________________________________EMAIL:_____________________________________________

PAYMENT DETAILS

q Please invoice my company q Cheque payable to GLOMACSq Please invoice me

CERTIFICATION

Successful participants will receive GLOMACS’ Certificate of Completion

P.O. Box 74653 Dubai, U.A.E.T: +971 (04) 425 0700 | F: +971 (04) 425 0701E: info@glomacs.com | W: www.glomacs.com

Connect withUs On LinkedIn

Scan the QR Code* to visit and

connect to our LinkedIn profile.

*Requires QR code reader/scanner applicationto be installed on your smartphone.

Code Date Venue FeesPM017 06 - 10 Oct 2019 Dubai - UAE $4,950

PM017 11 - 15 Nov 2019 Kigali - Rwanda $5,950

PM017 15 - 19 Dec 2019 Dubai - UAE $4,950

PM017 09 - 13 Feb 2020 Dubai - UAE $4,950

PM017 12 - 16 Jul 2020 Dubai - UAE $4,950

PM017 07 - 11 Sep 2020 Houston - USA $6,950

4 WAYS TO REGISTER

Tel: +971 (04) 425 0700 Fax: +971 (04) 425 0701Email: info@glomacs.comWebsite: www.glomacs.com

TERMS AND CONDITIONS

• Fees – Each fee is inclusive of Documentation, Lunch and refreshments served during the entire seminar.

• Mode of Payment – The delegate has the option to pay the course fee directly or request to send an invoice to his/her company/sponsor. Credit card and cheque payments are both acceptable.

• Cancellation / Substitution – Request for seminar cancellation must be made in writing & received three (3) weeks prior to the seminar date. A US$ 250.00 processing fee will be charged per delegate for each cancellation. Thereafter, we regret that we are unable to refund any fees due, although in such cases we would be happy to welcome a colleague who would substitute for you.

• Hotel Accommodation – is not included in the course fee. A reduced corporate rate and a limited number of rooms may be available for attendees wishing to stay at the hotel venue. Requests for hotel reservations should be made at least three (3) weeks prior to the commencement of the seminar. All hotel accommodation is strictly subject to availability and terms and conditions imposed by the hotel will apply.

• Attendance Certificate – a certificate of attendance will only be awarded to those delegates who successfully completed/attended the entire seminar including the awarding of applicable Continuing Professional Education Units/Hours.

• Force Majeure – any circumstances beyond the control of the Company may necessitate postponement, change of seminar venue or substitution of assigned Instructor. The Company reserves the right to exercise this clause and implement such amendments.

• Fair Access / Equal Opportunities – In the provision of its services as a world-class Training Provider, the Company is committed to provide fair access / equal opportunities throughout the delivery of its courses and assessment leading to the completion of training seminars, or 3rd party qualifications/certifications.

PROJECT RISK MANAGEMENT & COMPLIANCEIdentifying and Managing Risks in Projects