• Risk management cycle in a project environment
  • Plan risk management process
  • Importance of    risk    management    plan    in    the    risk management lifecycle
  • Types of risks which can impact a project
  • Identify risks process
  • Risk identification   facilitators – brainstorming, Delphi techniques, SWOT analysis, documentation review, checklist analysis etc.
  • Risk register preparation and updating
  • Perform qualitative risk analysis process
  • Probability impact matrix and its use in risk management
  • Perform quantitative risk analysis process
  • Use of varying simulation techniques
  • Application of decision tree analysis and sensitivity analysis tools to risk management
  • Plan risk responses process
  • Strategies of risk response for positive and negative risks
  • Different types of risks – primary risks, secondary risks, residual risks etc.
  • Risk register updating
  • Monitor and control risks process
  • Use of risk audits, reserve analysis and variance and trend analysis in monitoring and control of risks
  • Corrective and   preventive   actions   in   risk management process