Strategic and Risk Project Management  

The Strategic and Project Risk Management course, offered by Protecht and endorsed by RMIA, is designed for professionals seeking to elevate their risk management skills. This comprehensive program covers advanced strategies for managing risks at both strategic and project levels. Participants will learn to identify and assess risks, develop effective mitigation strategies, and integrate risk management into organisational frameworks. Through practical exercises and real-world case studies, attendees will gain hands-on experience with essential tools and techniques. Ideal for risk managers, project managers, senior executives, and compliance officers, this course equips professionals to enhance organisational resilience and drive successful outcomes.

Key topics covered:

1.  An overall framework for managing enterprise risk

• Starting with business as usual and strategic objectives

• Understanding strategic objectives and the drivers of change

• Linking Enterprise Risk Management with the entity's overall vision and strategy

2.  Analysing the risks in strategy and change

• A brainstorm of common problems in managing strategy, projects and change

• Decision risks covering upfrom decisions and ongoing decisions

• Execution risk covering the risks that can impact time, cost and quality

• Delivered risk covering the impact of change on business as usual risks. This also covers benefit risk.

3.  Decision risk

• Analysing the drivers of sub optimal decisions using Bow Tie analysis  

• Differentiating upfront decision risk and ongoing decision risk 

• Analysing scope and choice risk

• Identifying the drivers of ongoing decision risk

• Factoring in environment al drivers (e.g. competitor behavior, customer behavior, technology disrupton, regulatory change etc.)

• Identifying and differentiating threat and opportunity risk

• A model for minimizing decision threat risks

• Decision tools to make optimal risk/reward decisions

• Key controls to manage decision risks

• A model for capitalising on decision opportunity risks

• A framework for opportunity risk management

4.  Execution risk

• Identifying project execution objectives of time, cost and quality 

• Understanding the drivers of execution risk using Bow Tie analysis

• Managing waterfall project execution risks

• Managing agile project execution risks

5. Delivered risk 

• Identifying the business as usual risks that will be materially impacted by the change

• Carrying out a future state risk assessment and responding to that assessment

• Keeping the delivered risk assessment current and factoring in change requests

• Benefits realization risk

• The importance of the post implementation review

• Factoring learnings back into the risk management process

6. What is practically required to manage change risk

• Conducting a strategic risk assessment

• Running a strategic risk register

• Running a project execution risk register

• Using technology to support the process

7. Governance structures

• Overall governance structure for strategic, project and change

• The three lines of defence and its application to change risk

• Roles, ownership, responsibilities and accountabilities

• Ensuring and aligned incentive scheme

• Driving the right culture to support effective and efficient change risk management