Did you know that, according to various studies, 20-25% of project failures can be attributed to poor risk management?

In any project, unexpected risks, such as unforeseen technical challenges, resource shortages, supplier delays, or regulatory changes, can arise at any stage of the project life cycle. If these risks are not identified and managed proactively, they can disrupt operations, impact deliverables, and compromise project success. 

When risk management is overlooked or ignored, these unforeseen issues can escalate into financial losses, budget overruns, timeline delays, reduced quality, and compliance violations. Even a well-planned project can be derailed if risks are not continuously assessed and addressed. Poor risk management may also damage stakeholder confidence, disrupt operations, and result in costly rework or legal consequences.

The ability to effectively identify, assess, mitigate and control risks is a skill that sets successful project managers apart. While many professionals recognize the significance of risk management, they often lack the practical skills to apply it effectively in real-world situations. This practical project risk training course offers a flexible approach to applying risk identification techniques, conducting risk assessment, differentiating among mitigation strategies and monitoring the risks throughout the project. By enhancing your decision-making skills, this course will increase your confidence in handling uncertainty.