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Event Series:
Project Results with Methods
Project Results with Methods: Addressing Risks
April 17 @ 9:30 am - April 18 @ 5:00 pm
What do you do when it all goes wrong?
Risks are everywhere, and sometimes a chain of events can take the best laid project plans right off the rails. Prevention is better than cure, but are you ready for both? Because after all, as a project manager you’re responsible even if it isn’t your fault.
Course Synopsis
This course covers industry–standard tools, terminology and techniques for planning and managing risk in a project. Probability and impact, mitigation and contingency and much more are discussed and demystified and applied through a series of practical lectures and exercises.
Starting with a simple exercise to examine risks and probabilities, this course expands far beyond what is commonly taught about the practical handling and management of risk, all without the need for complex mathematical understanding.
By the end of this course, you will be equipped to conduct professional risk planning and risk management, and to handle risks when they become issues.
Who Should Attend?
Aimed at more experienced project managers, this course provides the extra understanding and tools needed to help you identify project risks and their sources, qualitatively and quantitatively analyse them and go on to make the necessary preparations as well as to have a plan to deal with those that trigger.
Course Agenda
The two-day classroom will cover these main subject areas. Apart from the two main exercises listed, the course is interspersed with shorter exercises and presentations intended to endorse and embed the skills and knowledge taught. Please note that although every subject will be presented, the course instructor may decide to mody, or emphasise some topics to match the skill levels and expectations of the course attendees.
| Subject | Description |
|---|---|
| Day One | |
| Introduction and Course Positioning | Introduction of course participants, initial presentation on what the course will cover, discussion of any special requirements. |
| Risk as a concept | What exactly is risk? Risk versus uncertainty, types of risk. The riskiest parts of a project. Demonstration of probability. |
| Risk Identification | Sources of risk. Assumptions and constraints and their relationship with risk. Objectives, scenarios and taxonomy. Risks from stakeholders. Procurement and contractual risks. |
| Risk Analysis | Brainstorming, probability and impact assessments. Risk Matrix, Ishikawa and other techniques. Basic statistical analysis, mean, median, addition and subtraction rules. |
| Day Two | |
| The Risk Register | What MUST be in your risk register. Standard risk registers and industry examples of variations. The Doomsday Clock. |
| More Tools & Techniques | A through B, EMV, FEMA and similar approaches. Consequential risk. Monetary , ROI, mitigation versus contingency |
| Managing Risk | Addressing risk triggers, dealing with problematic stakeholders, forecasting, reporting and advanced project management techniques. |
| Course Q&A and Close | Final summary and discussion, questions answered, course certificate presentations. |
