Managing Project Uncertainty Course in Singapore

No project is free of risk. Even the most carefully planned projects, regardless of size, can run into trouble.

One of the largest discount retailers in the United States is Target Corporation. If you’re large, you usually want to stay that way. In 2013, they set their sights on Canada. 2013 saw 124 stores were open. Two years later with a total net loss of about $2 billion they were out. What happened? At the top of the list were supply-chain difficulties, poor store locations and competition on pricing from WalMart, which has been in Canada since 1994.

A risk is an uncertain situation that might affect your project. Threats are not always harmful. Microsoft took a significant chance on the Xbox, their iconic gaming console. Doing so pushed them to the forefront of the gaming industry. Charmin, the toilet paper company, risked using potty humor to engage its audience. It worked. They are considered the top toilet paper brand.

When it comes to managing project uncertainty, project managers must learn to be proactive rather than reactive. Proactivity requires identifying and analyzing different risk factors throughout the life of a project and then responding to the risk to create a favorable outcome.

There are four main ways to respond to risk in project management. Project managers must have a plan in place to know which one suits which type of risk and when to implement it. Their job does not end there. They must continually monitor the progress of their solutions.

This course gives participants the skills, knowledge, and tools to manage project uncertainty effectively. They’ll know how to identify various types of risk, evaluate their impact on the project and choose the best way to respond to them.

This Managing Project Uncertainty workshop is ideal for anyone who would like to gain a strong grasp and improve their Managing Project Uncertainty.

The ideal group size for this Managing Project Uncertainty course is:

The duration of this Managing Project Uncertainty workshop is 2 full days. Knowles Training Institute will also be able to contextualised this workshop according to different durations; 3 full days, 1 day, half day, 90 minutes and 60 minutes.

Below is the list of course benefits of our Managing Project Uncertainty course

● Accurate project risk analysis.
● Better allocation of resources.
● Improve decision-making skills.
● Better project management.
● Build evaluation and analytical skills.
● Boost in confidence levels
● Increase career advancement opportunities.

Below is the list of course objectives of our Managing Project Uncertainty course

● Explain the importance of project risk management?
● List the challenges of risk management.
● Know how to develop a risk breakdown structure.
● Evaluate the potential impact of different types of risk.
● Identify the different phases of a project and what type of risk each may encounter.
● List the four different ways of mitigating risk.
● Know how to track different types of risk.
● Explain the benefits and challenges of avoiding, sharing, reducing and transferring risk.
● Identify when to use different risk solutions on a project.
● Explain what a contingency plan is.
● Know how to create a contingency plan.
● Confidently support allowances listed in the contingency plan.
● Know how to review and track risk mitigation actions for progress.
● Routinely reassess the projects risk exposure.

Below is the list of course content of our Managing Project Uncertainty training programme course

● What is risk management?
● Challenges of risk management.
● Develop a risk breakdown structure.
● Evaluate the potential impact of different types of risk.
● Group project risk by phases.
● Different ways of mitigating risk.
● Avoid risk – Benefits, and challenges.
● Share risk – Benefits, and challenges.
● Reduce risk – Benefits, and challenges.
● Transfer risk – Benefits and challenges.
● What is a contingency plan?
● Create a contingency plan.
● Risk management solutions evaluation tools.

Each participant will receive the following materials for the Managing Project Uncertainty course

Each course participant will receive a certification of training completion

There are 3 pricing options available for this Managing Project Uncertainty training course. Course participants not in Singapore may choose to sign up for our online Managing Project Uncertainty training course.

We have the following  discounts, fundings & subsidies for this Managing Project Uncertainty training course

Contact us for the latest Managing Project Uncertainty course schedules:

Register For This Managing Project Uncertainty Course Now!

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