Training on Quantitative and Qualitative Risk Analysis in Project Management

Module 1: Foundations of Risk Analysis in Project Management

• Overview of project risk management frameworks and standards (PMI, ISO 31000).

• Differentiating between qualitative and quantitative risk analysis.

• Identifying and categorizing project risks.

• Case Study: Common risk management pitfalls in multi-sector projects.

Module 2: Qualitative Risk Analysis Tools and Techniques

• Probability-impact matrices and risk prioritization grids.

• Expert judgment, risk categorization, and stakeholder risk perceptions.

• Developing and maintaining a project risk register.

• Case Study: Applying qualitative tools in a donor-funded health program.

Module 3: Quantitative Risk Analysis and Simulation Methods

• Introduction to probability distributions, sensitivity analysis, and uncertainty modeling.

• Monte Carlo simulation for schedule and cost risk analysis.

• Using software tools such as @RISK or Crystal Ball for scenario modeling.

• Case Study: Quantitative analysis of project delays in construction projects.

Module 4: Financial Risk Modeling and Evaluation

• Integrating financial risk analysis into project budgeting and investment decisions.

• Risk-adjusted cost-benefit analysis and value-at-risk modeling.

• Evaluating financial exposure and mitigation cost trade-offs.

• Case Study: Modeling financial risks in an infrastructure project.

Module 5: Integrating Risk Analysis into Project Strategy and Decision-Making

• Linking risk results to project design, performance monitoring, and evaluation.

• Reporting and communicating risk findings to stakeholders.

• Institutionalizing risk management frameworks within organizations.

• Case Study: Lessons from risk-driven decision-making in ICT and development projects.