project risk management training

Last Updated on August 28, 2023

This course will help you manage project risk effectively by identifying, analyzing, and communicating inevitable changes to project scope and objectives. You will understand and practice the elements needed to measure and report on project scope, schedule, and cost performance. You will be equipped with the tools to manage change in the least disruptive way possible for your team and other project stakeholders.

Project Risk Management Training

Upon completing this course, you will be able to: 1. Define components of a communications management plan 2. Understand the importance of communications channels 3. Define the key elements needed to measure and report on project scope, schedule, and cost performance 4. Identify project risk events 5. Prioritize identified risks 6. Develop responses for a high priority risk 7. Identify and analyze changes to project scope 8. Describe causes and effects of project changes 9. Define the purpose of conducting a lessons learned sessionThis course is part of multiple programsThis course can be applied to multiple Specializations or Professional Certificates programs. Completing this course will count towards your learning in any of the following programs:

  • Project Management Principles and Practices Specialization
  • Project Management & Other Tools for Career Development Specialization


  • Define components of a communications management plan
  • Prioritize identified risks
  • Develop responses for high-priority risks
  • Identify and analyze changes to project scope


  • Project Management
  • Change Control
  • Risk Management
  • Change Management

principles of project management course

Project Risk Manager

We run project risk management training courses at various venues around the world and throughout the year, but can also provide training on site at your request. Please contact us if you would like to receive a proposal to provide dedicated training at your own premises.

Our training module is based on ISO 31000:2009, “Risk Management – Principles and Guidelines” and ISO 31010:2009, “Risk Assessment Techniques” which defines the risk management process as follows:

ISO 31000:2009 Project Risk Management Training
ISO 31000:2009 Risk Management Process

One of the biggest short-comings in project risk management is that risk registers are often developed and managed without giving due consideration to the necessity of accurately defining, quantifying and mitigating risks that could significantly affect both the execution and outcome of a project.

More often than not, the responsibility of managing project risk registers is delegated to managers or engineers who have not had the benefit of professional project risk management training and, unless they have a proven track record in efficiently managing project risks, this can easily result in excessive man-hours being spent logging and mitigating risks which are either ill-defined or not relevant to the outcome of the project.

At Project Risk Manager, we offer comprehensive training courses designed to provide Risk Managers and Engineers with the necessary tools and skill sets to efficiently manage project risks, and significantly cut down on unproductive risk management man-hours.

We consider one of the most efficient means of risk management is to define risk as a combination of a threat and an event triggered by that threat, which results in consequences to either the project itself, or to the stakeholders of that project. Our training module therefore applies traditional risk matrix and bow-tie risk analysis methodologies.

Project Risk Management Training, Bow-Tie Risk Assessment Technique

risk management courses

 Home to the best free risk management courses online, Oxford Home Study Centre welcomes ambitious and enthusiastic candidates from all backgrounds.  Our free online risk management courses (with certificates available upon completion for a small fee) provide invaluable insights into the art of effective risk management.

Each of our free risk management courses covers a selection of essential topics and knowledge areas, such as risk identification, the different classifications of risk and effective risk mitigation methods.  Ideal for newcomers and experienced risk management personnel, our self-paced risk management courses are free of costs, deadlines and time restrictions.

Sign up for any of our endorsed risk management courses online for free and enjoy the opportunity to broaden your career prospects – without paying a penny.  For more information on our free risk management courses online or to discuss the enrolment process in more detail, contact the team at Oxford Home Study Centre today.

Diploma in Risk Management QLS Level 4

Diploma in Risk Management (Level 4)80%
offRisk Management Certification Online Risk represents a normal and inevitable reality for all businesses at all levels,.

Certificate in Business Risk Management QLS Level 3

Certificate in Risk Management (Level 3)80%
offRisk Management Certificate Online Risk has always played a key role in determining the success and long-term viability.

Certificate in Risk Management QLS Level 2

Risk Management Course  (level 2)80%
offRisk Management Course Online In the business world, there has always been a direct correlation between risk and reward. ..

Certificate in Risk Management QLS Level 1

short risk management course80%
offRisk Management Short Course Risk represents an inevitable and potentially beneficial element in the running of any busi..

Advanced Diploma in Risk Management QLS Level 5

Risk Management - Advanced Diploma80%
offRisk Management Certification With Oxford Home Study Centre, your career in risk management starts today! Our most advanced..

Risk Management QLS Level 1 Award

Risk Management - Level 1 Award80%
offShort Course Certificate Risk Management Take the first decisive step towards a future career in risk management, with.

About the author

Study on Scholarship Today -- Check your eligibility for up to 100% scholarship.