By the end of this course, you should:

• Be able to define project risk, project risk management and risk event
• Be able to list the benefits of risk management and possible threats to effective risk management
• Principles – Be able to define threat and opportunity
• Process –  Be able to define the PRAM process
• Initiate – Be able to define project objective, scope, success criteria, stakeholder and stakeholder analysis
• Be able to define risk identification techniques
• Be able to define Probability / impact assessment, Structured risk descriptions, i.e. cause, event and effect, Risk breakdown structures
• Be able to define quantitative risk assessment techniques
• Risk response: Be able to define risk response techniques
• Organisation and control: Be able to define the risk management plan, roles and responsibilities of those involved in the risk management process, the contents of a risk register, risk reviews and project contingency/ management reserve.
• Behaviours – Be able to identify multiple behaviours
• Application – Be able to list the main steps of introduction of risk management to an organisation