Course summary
5 hours
199 GBP excl. VAT
Next available date: 5 hours - Distance
e-learning / Online / Distance

Course description

Managing Risk in Projects

This interactive e-Learning course is an ideal introduction to the theory and practice of project risk management.

Risk is a key feature of every construction project. Not accounting for risks in your projects can lead to delays to clients, unexpected costs or much worse. Knowing how to manage and control risks effectively is a vital skill for all professionals - this includes everything from being able to foresee and identify risks, to understanding how to quantify and respond to them.

With its interactive exercises and example scenarios, this course will provide you with the core knowledge and some best practice techniques for Risk Management in project environments.

Suitability - Who should attend?

Suitable for all professionals looking to enhance their knowledge of techniques used within Risk Management

Outcome / Qualification etc.

5 Hours Formal CPD

Learning outcome:

  • Define the concepts of risk in projects
  • Distinguish the different stages of risk management
  • Outline approaches to the problems of identifying, quantifying and managing risks
  • Express and demonstrate common techniques for risk analysis and management

Training Course Content

Concepts of risk

  • Risk in projects
  • What is risk?
  • Types of risk
  • Risk management

Project appraisal

  • Simple payback
  • Break-even analysis
  • Discounted Cash-flow
  • Non-financial factors

Risk identification

  • Risk identification process
  • Inputs
  • Tools & techniques
  • Outputs

Risk quantification – Part 1

  • Risk quantification process
  • Tools & techniques
  • Impact assessment
  • Decision making
  • Sensitivity analysis

Risk quantification – Part 2

  • Probability theory
  • PERT
  • Monte Carlo simulation
  • Probabilistic networks

Response development

  • Response development process
  • Three response types
  • Risk management plan

Response control

  • Response control process
  • Inputs / Outputs / Tools
  • Risk management plan
    Iterative cycle

Implementing risk management

  • Practical guidance
  • Do’s & Don’ts
  • Tips & recommendations


RICS Member:£158 + VAT

Non Member: £199 + VAT

About provider

RICS - The Royal Institute of Chartered Surveyors

The Royal Institution of Chartered Surveyors (RICS):
World's leading professional body for qualifications in land, property and construction

RICS is professional, independent organisation with more than 118,000 qualified members and over 50,000 students and trainees in over 140 countries, established in the UK by Royal Charter. It is committed to setting and upholding the highest standards of excellence and integrity...

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The Royal Institution of Chartered Surveyors

Parliament Square
SW1P 3AD London

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