Risk management doesn't usually receive the required level of attention, and this can lead to severe issues.

Overview 

Risk management is critical throughout the project and will come under sharp focus as cutover approaches.

On this course you’ll learn about risk management principles and actions.  

This course is designed to help business stakeholders and IT teams:

• Understand that proactive risk management is required on all projects. 
• Learn about pragmatic risk management activities that work.
• Appreciate that risk management should be based on objective criteria.

This course covers the key principles of IT project risk management and is delivered by an instructor that was the IT risk representative on a major UK bank merger.

Course objectives

 The course aims to help you:

• Learn how to instil a proactive risk management approach in everyone in your team.
• Understand the full scope of risk management. It is far more than reviewing a risk log periodically.
• Learn how to use a simple, but very effective, risk management tool to determine the level of risk at any point in the project. In addition, it can be used to predict the residual level of risk at cutover.  
• Develop a risk management strategy that is commensurate with the complexity, business criticality and timescale of the project.
• Understand the most effective risk management approach for Agile and Waterfall projects.
• Work with third parties on risk mitigation.
• Understand the role of proof of concept activities in risk management.
• Understand the benefits of a formal approach to cutover risk management.

Who is this course for?

This course is designed for anyone with an interest in IT project risk management.  

It will be valuable for project managers, PMO teams, business stakeholders, IT directors, programme managers, support teams, quality assurance managers, test teams, data managers, security teams, or anyone involved in IT projects.  

Learning outcomes

At the end of the course you should:

• Know how to use a risk management tool that provides an objective measure of the level of risk.
• Understand how critical proactive risk management is and how to instil this approach in your team.
• Be able to report risks accurately to all stakeholders.
• Understand how to minimise risks on your projects.
• Know how to prepare for Go/No Go meetings. They are critical risk management activities.
• Understand how to manage risk during cutover.
• Be able to work effectively with third parties to minimise risks.
• Be able to communicate how critical risk management is to the team and stakeholders.
• Be able to document escalation procedures and contingency plans.  
• Understand that risk management requires a holistic approach regardless of the methodology used on the project.