Risk is the exposure to consequences of uncertainty. In project, a risk can be almost any undesirable event associated with the work. It is the chance of something happening that will have an impact upon objectives. It includes possibility of loss or gain, or variation from a desired or planned outcome, as a consequence of the uncertainty associated with following a particular course of action.
This course will train participants on project risk management; that is the development of the culture, processes and structures toward the effective management of potential opportunities and adverse effects. The participants will learn setting priorities, allocating resources, and responding with different strategies and processes in order to reduce the risk of the project not achieving its objectives. Hence providing project insight, knowledge and confidence for better decision-making, therefore better business and project outcomes, through capturing of opportunities and the reduction in risk exposure.