Risk Management

Risk Management
20 hours
Course type
20 hours
Training for 7-8 or more people? Customize trainings for your specific needs
Risk Management
20 hours
€ 500 *
Training for 7-8 or more people? Customize trainings for your specific needs


Dive into the complexities of risk management with our comprehensive "Risk Management" course.

Risk management is a critical discipline in software project management, yet it's often misunderstood and underutilized. This course equips project managers with essential knowledge and skills to effectively manage risks, transforming intuitive, ad-hoc risk handling into a structured, strategic approach. Through detailed discussions and practical exercises, participants will master proven risk management techniques tailored to the unique challenges of software development projects.

This course covers:

1. Foundations of Risk Management: Key definitions, overcoming resistance to risk management, and understanding the risk management process and its artifacts.

2. Risk Identification and Analysis: Approaches to risk identification, formulating risks, analyzing risk attributes, and assessing overall project risk.

3. Risk Planning and Monitoring: Developing risk management plans, assigning risk ownership, streamlining risk plans, and monitoring risks.

4. Practical Applications: Examples of successful risk management, creating a project and organization risk database, and applying risk management in Agile projects.

Risk management is a critical discipline in software project management. However, it remains one of the least mastered areas among managers at all levels, not to mention technical specialists. Although the concept of risk is familiar to everyone and often perceived as clear, many managers equate intuitive and spontaneous reactions to "every day" risks with formal risk management. This misunderstanding can have severe consequences, especially in the software industry, where projects are inherently complex, uncertain, and risk-prone.

This course is designed to equip project managers with essential knowledge and develop key skills for effective risk management. Participants will gain a precise understanding of risk management concepts and learn to apply proven practices in software development projects.

The course covers all major techniques and approaches in detail, allowing participants to master these skills through a comprehensive study project.

Upon completing the course, participants will be able to:

1. Establish a Structured Risk Management Process:

- Develop a comprehensive risk management framework tailored to software development projects.

- Implement a series of interdependent activities for systematic risk management.

2. Adapt Risk Management Approaches:

- Customize generalized risk management strategies to suit the specific contexts and challenges of their projects.

- Ensure risk management practices are relevant and effective in their unique project environments.

3. Enhance Risk Identification and Analysis:

- Apply various techniques for identifying and analyzing risks accurately.

- Formulate risks clearly and assess their impact comprehensively.

4. Develop and Implement Risk Plans:

- Create detailed risk management plans, assign risk ownership, and streamline risk response strategies.

- Establish and maintain risk reserves to mitigate potential issues.

5. Monitor and Control Risks:

- Continuously monitor identified risks and implement control measures.

- Maintain a dynamic risk database for ongoing risk tracking and management.

6. Apply Risk Management in Agile Projects:

- Integrate risk management practices seamlessly into Agile project workflows.

After completing the course, a certificate
is issued on the Luxoft Training form


Participants will learn to:

  • Organize the risk management process as a series of interrelated activities.
  • Adapt generalized risk management approaches to the specific needs of their projects.
  • Avoid common mistakes in risk management.
  • Enhance their effectiveness in daily risk management tasks.

Target Audience

  • Experienced team leads and lead engineers
  • Newly Promoted Project Managers: Those who are newly promoted and transitioning into project management roles.
  • Experienced Project Managers: Individuals with some experience in project management seeking to deepen their understanding and refine their skills.


  • Completed introductory project management training or possess equivalent knowledge.
  • Practical experience in software development projects.


  • Introduction

Key Definitions (theory 1,5h)

Resistance to Risk Management (theory 0,5h)

Risk Management Process (theory 0,5h)

Risk Management Artifacts (theory 0,25h)

  • Primary Data Collection and Analysis (theory 0,5h)
  • Development of Risk Management Approaches (theory 0,25h)
  • Risk Identification

Approaches to Risk Identification (theory 1,5h)

Risks Formulation (theory 0,25h; practice 2h)

Typical Errors of Risk Identification (theory 0,5h)

  • Risk Analysis

Objectives of Risk Analysis (theory 0,25h)

Risk Attributes (theory 0,5h)

Types of Risk Analysis (theory 0,75h; practice 2h)

Identifying the Most Significant Risks (theory 0,75h)

Assessment of Overall Project Risk (theory 0,5h; practice 0.5h)

  • Risk Planning

Plan Types (theory 0,75h)

Strategies for Risk Management (theory 0,25h)

Risk Owner (theory 0,25h; practice 0.5h)

Plan Chains (theory 0,25h)

Streamlining Risk Plans (theory 0,25h)

Risk Reserves (theory 0,5h)

  • Risk Monitoring (theory 0,5h)
  • Risk Control (theory 0,25h)
  • Project and Organization Risk Database (Register) (theory 0,5h; practice 2h)
  • Risk Management in Agile Projects (theory 0,25h)
  • Example of Successful Risk Management (theory 0,75h)

Total: theory 13h (65%), practice 7h (35%).

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