Project Risk Management Training in Madrid, Spain

This program provides working professionals with a structured understanding of Project Risk Management (PRM). It equips participants with the knowledge, frameworks, and hands-on techniques required to identify, analyze, and respond to risks in real-world projects. The training emphasizes PMBOK-aligned processes, risk assessment methods, response strategies, and control mechanisms. Through a mix of case studies, simulations, and practical exercises, participants will learn how to minimize project uncertainty, improve decision-making, and ensure project success.

Risk Management Foundations & Identification

• Risk Management Framework and Planning
• Key Definitions
• Purpose & Benefits of Risk
• Responsibilities in Project Risk Management
• Integrating Risk Management into the Project Management Process
• The PMBOK Six Risk Management Processes
• Risk Management Planning
• Risk Planning Process
• Risk Identification Process
• The Effect of Project Macro-Environment on Risk
• The Effect of Project Complexity on Risk
• Risk Identification Techniques
• Managing Risk through Estimating & EVM
• Managing Risk through Project Estimating
• Managing Risk through Earned Value Management

Risk Assessment & Analysis

• Schedule Risk Management
• Critical Path Method (CPM)
• PERT Analysis
• Risk Assessment Process – Qualitative Analysis
• Bow-Tie Risk Analysis Technique
• Probability/Impact Risk Matrix Technique
• Risk Assessment Process – Quantitative Analysis
• Monte Carlo Simulation
• Decision Trees and Expected Monetary Value (EMV)
• Managing Project Risks through Integrity Assurance

Risk Response & Control

• Risk Response Plan Development
• Risk Prioritisation
• Risk Response Strategy Guidelines
• Response Strategies for Threats & Opportunities
• Response Planning & Analysis
• Alternative Responses
• Risk Response Validation
• Contingency & Management Risk Reserves
• Risk Response Control
• Resource Management
• Risk Control Guidelines
• Risk Control Inputs
• Risk Control Tools & Techniques
• Risk Control Outputs
• Risk Reporting & Documenting
• Course Summation & Work Session Review
• ProgNXT Assessment
• ProgNXT Certification