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Risk Management  ( India )

<b>Everyorganization needs risk management strategies that keep them away from various riskassets. It is the process of identifying the risk, evaluating risk and applyingefforts to reduce and overcome it. Depending on organization risk can be ofdifferent types. </b><br><b>Riskmanagement is used to identify and avoid the technical risks to a system. It isvery useful for an organization to identify the risks and for this they need tobe knowledgeable enough. Risk management training trains you on different ways ofhanding and managing risk. Risk can occur at any time during the execution ofproject and it can be of any kind&nbsp;</b>

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<b>Risks affectan organization if it is negative and can also improves an organization if itis positive. The conclusion is that risk can be good or bad depending on thesituation and process. It can occur in various places like financial markets,credit risk, legal risks or project failure risk in project management.</b><br><br><b>Generallythere are two types of risks. First is the negative risk which brings onlyfailure and second is the positive risk which brings opportunities to do somethingdifferent.</b><span><b>In project management field, you can go through differenttypes of risks at different phases. Risk management is a contiguous process asit never ends. Risk management must be done at very early phase of projectmanagement otherwise it can create lot of problems in the further projectmanagement phases.</b><br><br><b></b></span><b>Thepurpose of risk management is to:</b><span><br><b></b></span><b></b><ul><b></b><li><b>Identify the risk</b></li><b></b><li><b>Allocate or reduce it</b></li><b></b><li><b>Plan to overcome risk</b></li><b></b></ul><b>Principles of Risk Management:</b><ul><b></b><li><b>Should be systematic and structured</b></li><b></b><li><b>Should create value</b></li><b></b><li><b>Should be based on the best available information</b></li><b></b><li><b>Should be an integral part of an organization</b></li><b></b><li><b>Should be tailored to the project</b></li><b></b><li><b>Should be dynamic</b></li></ul>

<b>Assessingrisks on a project is the best weapon that will add value and help you managethe project better and it’s not easy.</b><br><br>There are differentsteps for risk management process:<br><b></b><br><b>Identification– Identifying the type of risk</b><br><b>Planning – Plan to overcome and reduce risk</b><br><b>Derive Safeguards – Place specific ‘fallbacks’ into the overall project plan ascontingencies for risks if they arise</b><br><b>Monitor –Continuously monitor the project to determine if any defined risks manifestthemselves</b><br><br><b>After identifying the risk, what should the project manager do with the identified risk?First step is to deal with risk effectively. Dealing with risk involves thefollowing steps:</b><br><br><b>Avoid the risk: There are instances where a perceived risk can be avoided entirely ifcertain steps are taken so in certain situations, risk must be avoided</b><br><br><b>Reduce the risk: Some risks are unavoidable and it is difficult to avoid it. Differenttechniques must be used to reduce risk.</b><br><br><b>Share the risk: Some risks are not avoidable and even not reducable for that steps can betaken to share it in any way.</b><br><br><b>Retain the risk: After going through all the above process, the last is to retain risk.</b><br><br><b>Risk management is a very broad field and requires a very specialized knowledge setand background to perform adequately. A project manager is responsible forsuccess and failure of project therefore they must know the risk managementtechniques. The benefits of risk management can be huge if done in a properway. It helps you to deliver your project on time and on budget.Enroll for our risk management training and gettrained on the same.</b>

<ul><li>Secondary degree (highschool diploma, associate’s degree, or the global equivalent)</li><li>4,500 hours of projectrisk management experience</li><li>40 hours of project riskmanagement education</li><br>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; OR<br></ul><ul><li>Four-year degree (bachelor’s degree or the global equivalent)</li><li>3,000 hours of project risk management experience</li><li>30 hours of project risk management education</li></ul>

What is the format of exam?<br><b>It consists of 170 multiple choice questions and will be given 3.5 hours to complete it.</b><br><br>Who can apply?<br><b>Project team members responsible for assessing and identifying project risks while mitigating threats and capitalizing on opportunities</b><br><br>What happens after I pass the examination?<br><b>After clearing your exam, you can use the certification after your name. You will also receive a package containing your certificate and information on how to maintain your certification.</b><br><br>Whom can I contact regarding more details?<br><b>For more enquiries you can  chat with our live experts or mail us at</b><br><br>Who are the trainers?<br><b>Trainers are highly skilled and more than 10 years experienced</b><br><br>Are the training materials helpful for me?<br><b>Yes, our training material will help you to clear the exam in the first attempt</b><br><br>Are there any refreshments during the training?<br><b>Yes, we provide two time refreshments during the training</b><br><br>What will be provided for training?<br><b>All training course materials are provided during the training</b><br><br>What about the training venues?<br><b>Our training venues are situated at appropriate location including all luxurious facilities.</b><br><br>Is exam fee included in the course fee?<br><b>No. The exam fee is not included.</b><br><br>When will I know about training location?<br><b>We’ll sent you an email including all details related to training before 1-2 weeks of training</b><br><br>

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