NEW! Managing Project Risk with Bob Maiale
What You Will Learn
Upon completion of this training, learners will be able to:
- Describe the seven-step process for risk management.
- Create a project risk management plan.
- Manage the monitoring and controlling of risks throughout a project.
Description
As we always learn the hard way, risk is everywhere! Whether we participate in one or many projects, our goal is always to reach successful completion while still maintaining our daily responsibilities. Not an easy task! This training introduces tools, techniques and the way to follow a seven-step process for successfully managing risk. This process will lower risk in simple, matrix, cross-functional or agile projects.
AGENDA
-
- Project Risk Management Concepts
- 1.1 Project Constraints
- 1.2 Project Processes
- 1.3 Balancing the Risk Factors
- Planning for Project Risk Management
- 2.1 PMI Terminology
- 2.2 Observations About Risk
- 2.3 Risks Versus Issues
- 2.4 Most Common Causes of Project Failure
- 2.5 Seemingly Simple Risk Categories
- 2.6 Risk Management Objectives
- Identifying Risks
- 3.1 The PMI Seven Steps of Project Risk Management
- 3.2 Risk Management Plan
- 3.3 Risk Breakdown Structure
- 3.4 Risk Impact Scales
- 3.5 Probability and Impact Matrix
- 3.6 Risk Identification Methods
- 3.6.1 Documentation Reviews
- 3.6.2 Brainstorming
- 3.6.3 Delphi Method
- 3.6.4 Interviewing
- 3.6.5 Diagramming Techniques
- 3.6.6 Checklist Analysis
- 3.6.7 Assumptions Analysis
- 3.6.8 SWOT Analysis
- 3.6.9 Expert Judgment
- 3.6.10 Benchmarking Studies
- 3.7 Risk Register
- Performing Qualitative Risk Analysis
- 4.1 Risk Qualification
- 4.2 Risk Register Updates
- Performing Quantitative Risk Analysis
- 5.1 Objectives of Quantitative Risk Analysis
- 5.2 Quantitative Toolkit
- 5.2.1 Sensitivity Analysis: The Tornado Diagram
- 5.2.2 Expected Monetary Value: The Decision Tree
- 5.2.3 Monte Carlo Simulation: Cumulative Probability Distribution Chart
- 5.3 Risk Register Updates
- Plan Risk Responses
- 6.1 Response Categories
- 6.2 Contingency Plans Versus Workarounds
- 6.3 Secondary and Residual Risks
- 6.4 Risk Register Updates
- Implement Risk Responses
- 7.1 Risk Triggers
- 7.2 Risk Register Updates
- Control Risks
- 8.1 Risk Control Objectives
- 8.2 Risk Control Requirements
- 8.3 Variance and Trend Analysis
- 8.4 Risk Trigger Analysis
- 8.5 Job Aids
- 8.6 Lessons Learned
- 8.7 Risk Management Plan
- Project Risk Management Concepts
PDU Allocation Table
| Ways of Working | Power Skills | Business Acumen | Total | |
|---|---|---|---|---|
| CAPM® / PMI-CP™ / PMP® / PgMP® | 7 | 0 | 0 | 7.00 |
| PMI-ACP® / Agile* | 0 | 0 | 0 | 0.00 |
| PMI-SP® | 0 | 0 | 0 | 0.00 |
| PMI-RMP® | 7 | 0 | 0 | 7.00 |
| PfMP® | 0 | 0 | 0 | 0.00 |
| PMI-PBA® | 0 | 0 | 0 | 0.00 |
 |  |  |  |
Instructor(s)
Bob Maiale PMP, PMI-CP
Bob Maiale, PMP, PMI-CP, is the former Product Owner for the construction curriculum at PMI. He spent 5 years with PMI before retiring in 2024. Prior to PMI, Bob spent decades in the private sector as a trainer and practitioner. As a trainer, he delivered project management seminars to global audiences while working for an Authorized Training Partner. His clients included Citibank, Chase, Avon, Prudential, MetLife, IPG, Kraft Foods, Staples, Tiffany & Co. and the Kennedy Space Center.
He was also a PM practitioner having managed projects and built and ran PMOs for Citrix, Verizon Wireless, AECOM, Canon USA and Platform Specialty Products. His roots are in IT where he began his career in NYNEX, one of the “baby Bells” that was created with the breakup and divestiture of the Bell System.
Bob has spoken and presented at many PMI chapters and conferences over the years and is the former Vice President of Education for the South Florida PMI Chapter and is a former member of the New Jersey and Long Island Chapters.