Training Institute in Dubai - Knowledge Point Training Institute Dubai UAE

The genesis of Knowledge Point Institute can be traced back to 1995 when the digital world was literally being taken by storm through unleashing of the potential of computers

Risk Management

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Risk Management

Risk Management is a process of identifying, assessing and controlling threats to an organization’s capital and earnings. These threats, or risks could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. The course uses a mix of interactive techniques such as group exercises, brief presentations by the consultant and the participants, practicing exam questions and simulations.

During the length of the course, we provide in-depth knowledge of the chunk of responsibilities a risk manager shall have. We inculcate aptitudes like analyzing risks, communicating their findings, running complex calculations if required. It is an ideal course to be taken up by – Risk managers, project managers, and members of project offices, project sponsors, functional managers, senior management and individuals interested in RMP certification

Understanding Project Management Fundamentals
  • Scrutinize/ inspect
  • Acknowledge validity
  • Generate a Project Charter
  • Generate a Scope Statement
  • State, explained, describe ,evaluate
  • Establish ,distinguish, indicate
PMI-RMP credential overview
  • The project management institute (PMI)
  • Credential overview
  • Application process
  • Exam overview
  • Questions format
Introduction to project risk
  • PMBOK guide review
  • Defining and classifying risk
  • Approach to risk management
  • Risk management critical success factors
  • Project risk management processes
Plan risk management
  • Steps to generating the risk management plan
  • Planning meeting and analysis
  • Risk register contents
  • Risk register update cycle
  • Managing the risk register
Identify risks
  • Information gathering techniques
  • Diagramming techniques
  • Analysis techniques
  • Seven basic tools of quality
Perform qualitative risk analysis
  • Risk probability and impact assessment
  • Risk probability and impact matrix
  • Risk data quality assessment
  • Risk categorization
  • Risk urgency assessment
Perform quantitative risk analysis
  • Interviewing and understanding standard deviation
  • Probability distributions
  • Sensitivity analysis
  • Expected monetary value analysis
  • Decision tree analysis
Plan risk responses
  • Risk response strategies
  • Contingency response strategy
  • Types of reserves
  • Fallback plan
Monitor and control risks
  • Risk reassessment
  • Risk audits
  • Variance and trend analysis
  • Earned value management
  • Reserve analysis
Risk communication and leadership
  • Risk communication process
  • General management and Leadership styles
  • Motivational and management theories
  • Conflict management


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