Managing Project Risk

Although the theory is largely the same, the practice of project risk management is significantly different to that of general (or business-as-usual) risk management.

In this course, we consider risk within the triple constraints of scope, time and cost, while leveraging the same to realise unplanned opportunities.

What will I learn?

Risk has traditionally been viewed as something to be avoided or transferred; however, it is now recognised that if we understand risk, and how it is caused an influenced, we can change it (the risk treatment) so that we are more likely to achieve our objectives, and improve our organisational efficiency.

This course is consistent with AS/NZS ISO 31000:2009 Risk Management, and addresses the knowledge, processes and techniques necessary to manage risk, including:

  • establishing the risk context
  • identifying risks
  • analysing and prioritising risks, and
  • selecting and implementing treatments.

What are the benefits?

This workshop is highly interactive, and our semi-structured approach is dynamically responsive to the experience, needs and operating environment of the participants.

Participants are therefore encouraged to share complex, ‘real life’ examples from their professional experience that can be resolved using the best-practice principles of project management.

Upon successful completion of the course, participants will be able to:

  • develop a risk management plan which includes:
    • a detailed stakeholder analysis
    • explanation of the risk context
    • critical success factors
    • identified and analysed risks, and
    • treatments for prioritised risks
  • detail monitoring arrangements for a risk management plan, and
  • evaluate the efficacy of risk planning and treatment.

What is included?

Every Masterclass includes:

  • Pre-workshop stakeholder meeting
  • Contextualisation of resources
  • Integration of corporate assets
  • Course delivery
  • Certificates of Attendance
  • Comprehensive feedback

Additional services that may be quoted include:

  • Learner resources (eg notes, folders etc)
  • Venue hire (including AV) and catering
  • Travel and accommodation
  • International guest presenters
  • Extended workplace mentoring
  • Accreditation

How much does it cost?

We work with our clients in a number of capacities including on a negotiated hourly, daily or a fixed rate basis.

Corporate clients are usually charged a fixed fee, as opposed to a per participant rate; although a cap may be placed on participant numbers (usually 25 people per workshop) to guarantee optimum levels of interaction.

At present, we do not offer individual (public) seats on our corporate Masterclasses.

Derek (trainer) was a great teacher and his personal stories and ability to laugh and be funny; made the training more enjoyable.

Chelsea Bell
Project Officer / Cradle Coast Authority

The Institute of Project Management have developed their program in collaboration with Volunteering Tasmania to meet the specific needs of staff employed in the volunteering sector, particularly not-for-profit organisations.

Program delivery is flexible to suit as many volunteer involving organisations as possible, operating across a range of sectors and regions of Tasmania.

We have worked with the team at the Institute of Project Management for several years on a number of different projects and can testify to the quality of the design and delivery of their services.

We are happy to work with the Institute of Project Management to address the significant demand for project management knowledge and skills in the volunteer sector.

Adrienne Picone
Chief Executive Officer / Volunteering Tasmania

Good content, well delivered and it appeared that participants were well engaged.

Great presentation by the facilitator.

Tony Willmott
General Manager Operations and Maintenance (Acting) / TasWater

IPM provide specialist project management and continuous improvement support to individuals, industry, government, and the not-for-profit sector. Their services include: training needs analysis; accredited education; short courses; mentoring services; facilitation; and project consultancy.

Some key strengths of IPM include:

  • Their team all have senior management experience across multiple industries;
  • They are able to effectively blend theoretical knowledge and the practical application through management and project management associated topic areas;
  • They actively seek to customise their resources and delivery approach to suit the organisation; and
  • They are focussed on delivering quality learning outcomes that align to the organisations direct needs.

In my previous role at Southern Water / TasWater as Project Manager for the People and Capability Framework Project, I engaged IPM on behalf of the company on a number of  occasions  to facilitate both accredited and non-accredited training, including in the areas of:

  • Leadership
  • Management and Communication
  • Project Management
  • Emergency Management
  • Incident reporting
  • Specialist Administration areas including record keeping and systems training

Participant feedback was always very positive and from an organisational perspective learning outcomes expectations were met. IPM applies a highly consultative approach, not only in the training design stage, but also in an ongoing Quality Assurance process.

In the future I would have no hesitation to engage IPM again.

As a current Tas Chapter Councillor for the Australian institute of Project Management, I am happy and confident to further endorse IPM as topic experts in project management.

Beverley Cummings
Principal Business Analyst / Know2Inform Consulting

I would like to express the TCCI’s commitment to working with the Institute of Project Management (IPM) to deliver training to our membership.

Working with IPM helps us to provide access to tailored and subsidised accredited training options, representing great benefit to TCCI members.

TCCI members, across all industries, continue to express their need to develop their project management skills to improve their employment an business outcomes and create a culture of continuous improvement within the Tasmanian economic sector.

It is our experience, that across the varying business needs of our membership, that the demand for the Certificate IV, Diploma and Project Management skills sets continues to grow.

IPM deliver high quality, relevant and responsive training options to achieve the best possible training outcomes for our members. Participant feedback has supported the design and delivery of the program.

TCCI and IPM have a strong working relationship with clear delegated roles and responsibilities. I have no hesitation in supporting and working with IPM.

Colleen Reardon

Thanks again for assisting us through this. I’ve had some fantastic feedback from the team about the course.

It was really well executed and provided the team the opportunity to reflect on the way we currently do things and they are now keen to work through introducing some changes to our methodology – great outcome!

A few of the more vocal team members will be forming a working group to get started on developing our standards and implementing them across the teams which is a great step forward for us.

I’m really pleased to see that it hasn’t just been another training course for us and that we are looking to transfer the skills moving forward.

Lynette Redward
Project Lead / Lead Consultant / Pinpoint HRM

Good mix of theory, practical, discussion, individual and group.

Jayne Shepherd
Department Manager - Customer Services / TasWater

Paul was a great facilitator and I would highly recommend him for further training.

JoHanna Robertson
Marketing & Events Officer / Devonport City Council

The Cradle Coast Authority (CCA) is a joint authority created by the nine councils of North West Tasmania to facilitate the sustainable development of the region, resolve regional issues and coordinate regional-scale activity. This activity spans local and regional approaches to economic and community development as well as tourism  and natural resource management.

A core priority for the CCA is to build workforce capability within the region, including within its member Councils and other economic and community development professionals. Improving decision making, identifying the need for and managing change and turning strategy into effective action is essential in contributing to economic growth and prosperity, and the wellbeing and sustainability of our communities. The CCA is committed to working with the Institute of Project Management (IPM) to develop the project management skills set that underpins such endeavor.

The CCA recently partnered with IPM to successfully deliver business case training in the region. Working with IPM and with the support of the Skills Tasmania’s Skills Fund, the CCA aims to continue to build on this capacity and actively support the development of project management skills through further project management training.

I believe there will be continued interest in increasing project management skills in the region and look forward to continuing to work with IPM to progress related training opportunities.

Peter Murden
Regional Development Manager / Cradle Coast Authority (CCA)

Very enjoyable and a good reminder; good to consider different leadership theories.

Tiziana Botti
Department Manager, Communications, Marketing & Stakeholders / TasWater

Working with IPM over the last 17 months, IPM have shown that they are highly experienced and professional project managers and educators. Their consultative approach has greatly assisted in the preparation and delivery of the successful project management training that commenced in mid 2015.

It is worthy to note that through this program we have clearly defined the division of roles and responsibilities with IPM specifically around program design and delivery, quality assurance and administration.

We look forward to working with you (IPM) to ensure that all staff undertaking this program have a successful experience.

Mark Wilson
Delivery Manager / Entura

The City of Launceston plays a critical role in the delivery of local services and infrastructure, to ensure the ongoing needs of our local communities continue to be met.

With an annual capital budget in excess of $20m and a further operational budget of almost $100m per year, Council has a vast number of projects to be implemented each year. With the majority of our project work delivered within a community setting, the supplementary economic growth able to be leveraged from these deliverables is significant.

Since 2013, the City of Launceston has worked with the Institute of Project Management (IPM) in the delivery of project foundation programs. We continue to be highly satisfied in their ability to deliver relevant programs that blend their industry knowledge, skill and experience with industry best practice. Participant feedback from these previous programs has always been very positive and from an organisational perspective, learning outcomes continue to demonstrate relevance and practicality to our position requirements.

(Council is currently working with IPM to achieve…) targeted skill development of some key project leaders in the organisation, with the aim of realising improved project delivery and enhanced organisational practices.

We look forward to the opportunity to continue our partnership with IPM, as we strive to build the capacity  of our workforce to deliver effective outcomes  for our   community.

Michelle Franke
Senior Organisational Development Advisor / City of Launceston

As a new TasWater employee – enjoyed opportunity to meet others in a non-threatening environment.

Good reminder of values and leadership qualities. Great presenter, thanks Ian (trainer).

Gayle Johnston
Department Manager, Legal Services / TasWater

Enjoyed very much. Paul (trainer) is clear and knows his subject well. Thanks.

Annette Polgar
Disability Case Manager / MAX Employment

Excellent. Loved it. I would love to progress to a Dip PM. Also – fantastic to meet and learn from smart people. Well done Derek (trainer)!

Bonnie Tuttle
Member and Corporate Liaison / Volunteering Tasmania

Good mix of theory and practical; Ian (trainer) engaged team very well – build DM culture.

Alexandra Garrott
Assoc Director - HR Services, Workplace Relations and WHS / University of Tasmania

I am very pleased to recommend IPM as a quality training provider and project management consultancy.

For the past 18 months, the Institute of Project Management (IPM) has been working closely with Flinders Council, providing training, mentoring and project support, as well as consultancy services as required, which attests to their industry  currency.

IPM staff, including their trainers, Paul Muller and Kath Wilson, have been instrumental in delivering training outcomes for Council staff that have had significant positive impact on Council’s business, including:

  • staff that are competent project managers
  • ongoing mentoring support to learners (staff), both face-to-face, online and via phone
  • identification of learning styles and appropriate flexibility in training delivery
  • a willingness to contextualise training other resources to meet our needs

Flinders Council finds IPM to be innovative and dynamic in their approach to project management and remain responsive to emerging business and training needs.

From a client’s perspective, IPM have been easy to work with. They have taken time to develop positive rapport with Council staff and have always been willing to talk through and discuss any concerns and/or questions in relation to project management, taking a genuine interest in developing the capacity of the Council.

In my opinion, and as experienced by Flinders Council staff, learners undertaking qualifications in project management from IPM will benefit greatly and increase the capacity of their employers to manage a host of business needs, identify opportunities and manage resources.

Raoul Harper
General Manager / Flinders Council

Derek is a great trainer. Well done. Very enjoyable course.

He doesn’t “answer” your questions rather encourages you to think of alternatives of the questions requires.

Loreena McCabe
Business Systems Contract and Support / TasWater

Better knowledge and understanding of my peers and built trust and understanding. Useful tools provided to support my role.

Thoroughly enjoyed the course. Felt it was inclusive and engaging.

I gained a lot from this training and had a number of light bulb moments. Excellent.

Rod Shaw
Manager Strategy & Information / NSW HealthShare

Our business, Megvar, is a wholly Australian owned power engineering firm that specialises in high voltage design, testing, construction and asset maintenance for our clients. Since our company’s inception in 2004, we have rapidly grown and now employ more than 50 engineering staff. Megavar is a national business and we are proud that our Queensland office in Brisbane has an expanding client list that includes Ergon Energy, Alstom Grid, Tenix, Zinfra and several mining based Queensland businesses.

I can personally attest to IPMs expertise in project management within the greater construction industry and ability to delivery highly relevant and industry contextualised project management training. This confidence is from: working with some of IPMs key staff in the delivery of projects in my role as Program Director for Aurora Energy (utility company); and from IPM successfully facilitating project management training for Megavar staff responsible for the delivery of our industry projects.

Megavar Pty Ltd

Great experience!

Thank you I enjoyed the course very much.

Kim Ayres
Team Leader Procurement Services / TasWater

What’s next?

Upon finishing this masterclass, you might like to extend your knowledge with one of our certifications or qualifications in project management.

  • A Certified Project Officer (CPO) is a fundamental contributor to any project team. They have been examined on at least 30 hours of project management study, and can employ project management knowledge in a wide variety of settings, taking responsibility for their own work performance.

    Certified Project Officer (CPO)

  • This qualification is suitable for autonomous individuals who identify and apply project management skills and knowledge in a wide variety of contexts. Job titles for these roles may include contracts officers, project administrators, quality officers and small business operators.

    Individuals in these roles might be members of a project team, with no direct responsibility for overall project outcomes. Primarily, these roles would support wider project operations. They may use project tools and methodologies selectively to support organisational or business activities.

    BSB41515 Certificate IV in Project Management Practice

  • A Certified Project Professional (CPP) applies contemporary project management tools, techniques and methods to the unique context of each project they undertake. They identify and respond proactively to project risks, opportunities and issues, keeping stakeholders fully informed throughout.

    Certified Project Professional

  • This qualification reflects the role of individuals who apply project management skills and knowledge.

    They may manage projects in a variety of contexts, across a number of industry sectors.

    They have project leadership and management roles and are responsible for achieving project objectives.

    They possess a sound theoretical knowledge base and use a range of specialised, technical and managerial competencies to initiate, plan, execute and evaluate their own work and/or the work of others.

    BSB51415 Diploma of Project Management

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