Risk Management Project for our business students

Third year bachelors students from the Business Administration and Economics Department of CITY College International Faculty had the opportunity to attend a course on ‘Project Risk Management’ and get valuable insights from the unit leader, Mr. Athanasios Fourtounas, Trainer, Economist and Director of Logistics in JLSG NATO (Italy).

During this workshop-based course, students gained knowledge on the principles and the procedures of Project Risk Management in business world according to PMI standards. Moving from theory to practice, Mr Fourtounas presented to participating students a number of real case studies that they had to examine and also a full scenario of a project where they had to execute three processes: 1. Identify Stakeholders, 2. How to create a Risk Management Plan and 3. How to Identify Risks.

At the second part of the workshop students worked in teams to produce products regarding Risk Analysis and Risk Responses. The first two teams presented their assignments on a Stakeholders Case study about the “Construction of the Algerian highway” and an Identify Risks Case Study about the “Construction of Opera House in Sydney”.

The Risk Management unit concluded with a guest lecture by Mr Dimitrios Zaires, from an SME of Supplychains and Logistics that currently works for NATO. The speaker presented how Risk Management is applied in Supplychains and Logistic companies. Students had the opportunity to see how risk management works the real world and gain valuable insights.