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Project Risk and Opportunity Management

Risk management is now accepted internationally as one of the core disciplines for the successful delivery of projects and programmes. Key project management methodologies orientated towards both the private and public sectors include risk management as an integral element of a ‘best practice’ approach to project delivery. However successive high profile project failures provide clear evidence that risk management is still not being effectively implemented. Through the examination of over twenty five mini case studies it can be clearly seen that risk management can directly contribute to project success or its absence can lead to project failure. If your organisation does not fully understand what contributes to effective opportunity and threat management, follow recognised best practice, or appreciate the ramifications of poor management of risk exposure - this course will directly contribute to securing your projects’ objectives and improve company bottom line performance.

Turning 'Theory' into 'Practice'?

The course will focus on the elements of effective risk management. Both days will use an exercise to let participants try out key ideas and understand the practical problems associated with “applying effective project risk management”. The course will adopt an interactive style to deal with the key concerns of the participating group, starting with a discussion of what participants want to take away from the two day programme.

Who should attend?

Project and programme managers and those they report to who want to understand what a leading edge use of uncertainty, opportunity and risk management is about in a project context. Using the same approach in operations management and corporate management contexts will also be addressed briefly – these three management perspectives need full integration.

Key areas to be covered in the programme and documentation

Risk management competency
• Recognising where during the project life cycle the process adds value

Projects are a means to an end and not an end in themselves
• Why projects are undertaken in the private sector and the ramifications for tax payers if the business case is not satisfied
• Why projects are undertaken in the private sector and the ramifications of poor project performance for listed companies

Using systems theory to understand the context of projects
• Background to systems theory and its relevance to understanding the source of threats to projects
• The relationship between looking at a project as a system and developing a risk breakdown structure

Understanding risk management maturity models
• The background to maturity models
• Selecting the number of levels
• Selecting the perspectives to consider
• Selecting the competencies

Building risk management competency
• The nature of projects
• Building a risk management culture
• A “top down” approach
• Common risk management failures
• Avoiding the “negative” perception of risk management

Recognising where opportunity and threat management contributes to project delivery
• Commonly recognised benefits.
• Selecting the right project
• Procuring the correct funding and avoiding optimism bias
• Selecting the right organisation
• Selecting the right approach
• Option analysis
• Engaging the contractors and suppliers in the risk management process

Building effective opportunity and threat management
• Project environment
• External stakeholders
• Organisation
• Leadership
• Internal stakeholders
• Risk resources
• Systems

How to sell an uncertainty management approach in terms of its objectives
• Making project choices which minimise risk for a given level of expected performance, so the process pays for itself ten times over
• Identifying when during the project life cycle risk management adds the most benefit
• Changing the project culture, to further exploit risk management effectiveness
• Eliminating tedious bureaucracy and making the benefits of opportunity and threat management transparent to attract support

Benefits to you

• Being able to explain to your project team the need for the implementation of opportunity and threat management
• Learning how to develop a risk maturity model
• Acquiring useful tools for effective risk management
• Learning how to avoid common risk management failures
• Getting tips on how to mitigate project risk by learning from a number of project case studies
• Learning how to generate support within your organisation for a best practice approach to managing both opportunities and threats
• Getting started with implementing best practice opportunity and threat management in your organisation to achieve top results
• Reducing the scope for litigation and lack of clarity over risk ownership

Companies already benefiting include:

Duration of Course

2 Day Course

Course details

This course is currently only available as an in-house option. For more information, and a quote, contact our team on +44 (0)20 3002 3057, or by email at

Looking to train larger teams in this subject?

dzingim@marcusevansuk.comTailored in-house/in-company training courses and bespoke strategy workshops designed and delivered on-site throughout Europe according to your specific requirements.

All management, personal development and project management public courses featured in our Course Directory are also delivered on an In-Company basis.

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Further information

UK Enquiries: +44 (0) 203 002 3057

Non-UK Enquiries: +420 (0)2 5570 7246

North American Enquiries: +1 312 540 3000 X6714 or - Marketing Manager EMEA - Professional Training

UK Enquiries: +44 (0)20 7647 2383 :
European Enquiries: +420 (0)2 5570 7246 :


"This course will allow my company to develop its existing strategies to a much greater and hopefully profitable level."

Managing Director, Tarmac