Project Risk Management


11-12 December, 2020

Project Risk Management:
A way to avoid Crisis Management & Management of Losses!

Price for Members


Price for Non-Members


Online Training (16hrs)
Certificate of Training Completion
PM² Basic Certification Exam complimentary voucher
8 PDUs


In today’s VUCA business environment, that is Volatile, Uncertain, Complex, and Ambiguous, “Risk Management”, if not performed correctly and in a timely manner, could easily become “Crisis Management”, which may, in turn, lead to “Management of Losses”. And this may cost a lot in terms of money, time, reputation or moral.

In this 16 hours e-learning workshop, participants will have the opportunity to learn how to apply Stakeholders Management in combination with Risk Management, how to write a Risk Management Plan, how to Identify Risks and then analyze them, how to plan Responses and implement them and how to monitor risks, in alignment with other company’s departments and stakeholders of their company.


By the end of the course, participants will be able to:

· Successfully apply the principles of Risk Management in their projects

· Identify and analyse the Stakeholders of a project

· Compose a Risk Management Plan

· Identify and describe both opportunities and threats using a variety of proper tools and techniques according to a Risk Management Plan.

· Analyse identified opportunities and threats though proper tools and techniques of Risk Analysis.

· Identify and describe effective response strategies for the identified risks and also contingency plans.

· Conduct risk control through risk reassessment, risk audit and reserve analysis

Target Audience

Business professionals, managers and supervisors at all levels who are responsible to identify and manage potential risks in projects but also they want to improve their technical skills.


The training method is an e-learning interactive workshop. The philosophy is to ‘Learn by doing’, using Experiential and Active Learning Techniques. Participants will learn the tools & techniques of Risk Management and they will work on practical examples, with Case Study Analysis, Group Discussion, Workshop and Templates.


The PM² Basic Certification is a Level-1 certification and an obvious choice for anyone who wishes to start their journey in project management with a basic project management certification. It is designed to confirm candidates’ basic understanding of general concepts of the PM² Methodology. The certification exam tests the level of the candidates’ understanding mainly on the what and when of the PM² Methodology, and secondarily on the who and how. The exam questions are based on the four pillars of PM² and the PM² Mindsets, focusing more on Lifecycle and Artefacts and less on Processes, Governance and Mindsets. 

For candidates to achieve the certification they must be familiar with theses PM² concepts at an adequate level so that they will be able to follow the motions of a PM² project and communicate effectively with PM² team members and Project Managers.


PM² is the standard Project Management Methodology of the European Commission custom developed to fit the specific needs, culture and constraints of EU Institutions. It aims to facilitate the effective management of a project’s complete lifecycle, and increase the quality of the project management process and project results. It incorporates elements from a wide range of globally accepted project management best practices as well as European Commission’s operational experience from many projects. PM² is a light and easy to implement methodology suitable for any type of project.

​The European Commission has published PM² with an open and free license for anyone to use for the management of their projects, with a focus on projects run within the EU Institutions or funded by EU programmes. As such, working knowledge of the PM² Methodology becomes essential for anyone participating in such projects.


Day 1 Stakeholders Management
  • Identifying and analyzing Stakeholders
  • Managing Stakeholders expectations and attitudes
  • Monitoring Stakeholders engagement
Day 1 Plan Risk Management
  • Defining Risk and types of risks
  • Forming a Risk team
  • Composing a Risk Management Plan & Choosing the proper Risk templates (RBS, LI Matrix, Risk Log)
Day 1 Identify Risks
  • Running Identify Risks meetings (tools & techniques)
  • Identifying Threats & Opportunities arising from Scope, Cost, Schedule, Quality, Communication, HR & subcontractors.
  • Forming a Risk Log
Day 2 Risk Analysis
  • Performing Qualitative Risk Analysis and using a LI Matrix
  • Types of biases in Risk Analysis & creating an Urgent list and a Watchlist for Risks
  • The Expected Monetary Value method & how to calculate a Contingency reserve
  • Performing Quantitative Risk Analysis and the use of Monte Carlo technique
Day 2 Planning & Implementing Risk Responses
  • Selecting and Planning Risk responses
  • Secondary & Residual Risks
  • How to Implement Risk Responses
Day 2 Controling Risks
  • Applying Risk reassessments, Risk Audits & Reserve Analysis
  • Using Workarounds

Speaker: Athanasios Fourtounas
Senior Instructor, Human Asset

Senior Workshops Trainer, Facilitator & Consultant (for more than 12 years) in Business Training (f2f & e-learning).
Main Workshop Training & Consulting Specialties:

• Risk Management
• Project Management
• Crisis Management
• Change Management

During the last 13 years he has worked as Trainer & Consultant with: Human Asset Group, PM2 Alliance, National Centre for Public Administration and Local Government (EKDD), Hellenic Ministry of Agriculture, NATO FORACS Greece (NFG), NATO HQs of Greece, Italy and Spain, Hellenic Ministry of Defense, Hellenic Academy for NCOs, Municipality of Thessaloniki/Trikala/ Larissa and University of Macedonia.
Morover, the last 5 years he is part time lecturer of the University of Sheffield in “Risk Management” for Bachelor & Master classes.


Have questions?

If you have any questions in regards to the Masterclasses organised in the frame of the PM² Alliance 2020 Conference contact the Conference’s Support Team by email or by filling the form