Project Risk Management Online Course

Contributing to Project Risk Management

Gain practical skills to identify, assess, and respond to risks within a project environment. This course is ideal for project team members, coordinators, administrators, and junior managers who support project delivery and want to strengthen their understanding of risk management.

Every project carries risk—whether it’s budget overruns, missed deadlines, or unexpected changes. This course equips you with the tools and knowledge to play an active role in identifying risks early, contributing to planning, and supporting effective risk responses throughout the project lifecycle.

You will learn how to:

  • Contribute to risk identification sessions and assessments

  • Support the development of risk response strategies

  • Assist in maintaining risk documentation and registers

  • Monitor ongoing risks and escalate where necessary

  • Promote a proactive risk-aware project culture

This course empowers you to support project success by helping identify and manage risks before they become problems.

Recognising potential risks in a project, contributing to evaluating their impact and likelihood, participating in the creation of risk management plans, and overseeing and managing project risks. Learners will gain skills in identifying, assessing, and controlling potential risks to ensure successful project performance.

Course Content

  • Potential, perceived, and actual risk events are identified, documented, and communicated in consultation with appropriate stakeholders
  • Triggers, causes, effects, and owners are identified in consultation with appropriate stakeholders and recorded in accordance with project procedures
  • Risk management factors are explained with examples relating to the risk events
  • The likelihood of risk causes is assessed in consultation with appropriate stakeholders and described with examples 
  • Impact of risk effects are assessed in consultation with appropriate stakeholders and described with examples 
  • Potential risk events identified are assessed for impact on the project
 
  • Activities to reduce or stop a risk threat arising are identified and documented in the agreed format 
  • Activities to recover from a specific risk threat event are identified and documented in agreed format
  • Activities to take advantage of an opportunity that arises are identified and documented in the agreed format
  • The risk threat prevention and recovery activities and opportunity activities are communicated to relevant parties for inclusion in plans and budgets
  • Potential project risk events are monitored to enable anticipation or recognition of the occurrence
  • Issues arising are responded to and monitored to resolution
  • Variances identified are reported to higher project authority
  • Agreed risk responses are implemented in accordance with plans
  • Lessons learned are documented and communicated to relevant parties
  • Non-accredited: Short course only  
  • Duration: 1h 30m
  • Delivery: Classroom/Online/Blended
  • Access Period: 12 Months 
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