NEW! Managing Risk on Projects with Carl Pritchard
What You Will Learn
Upon completion of this training, learners will be able to:
- Create a risk management plan structure in support of multiple projects
- Establish their risk lexicon
- Create multiple options for risk response to their most significant risks
Description
Keeping your organization risk-secure is a vital consideration in today's fast-paced, transformative environment. The tried-and-true PMI processes reaffirm the need for a team approach in contending with risk. Working through a live student project, participants work through those processes:
- Plan to Integrate Risk Into the Project Culture: Start by aligning the language and ethos of the organization and its risk attitudes and appetites.
- Enlist the Full Body of Stakeholders in Predicting the Future: Get the full range of available information through the experience of others, both on the team and generated through AI.
- Cull the Risk List Using Qualitative and Quantitative Practices: Based on the integrated risk management plan, determine which risks the organization can govern.
- Develop Creative, Integrated Risk Strategies: For the risks in our sphere of influence, craft strategies that leverage our best capabilities and innovation.
- Build Models to Provide Consistent Risk Awareness: Build the components for a risk model, enabling consistent evaluation of risk on an enterprise level.
AGENDA
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- Basics of Risk
- Overview -Basic Concepts of Risk Management
- Elements of Risk
- Attitudes Toward Risk
- Risk management planning
- Risk identification
- Nature
- Inputs
- Brainstorming
- Ishikawa diagrams
- Delphi technique
- Six Hats
- Interviews
- Crawford Slip method
- SWOT analysis
- Risk categories
- Opportunity identification
- Identification practicum
- Risk qualification
- Setting qualitative values
- Risk breakdown structure
- Probability qualification
- Impact qualification
- Blending impact and probability
- Risk tolerances
- Assumptions testing
- Basics of Risk
-
- Risk Quantification
- Establishing Values
- Probability
- EMV
- Decision Trees
- PERT
- Monte Carlo
- Response Development
- Risk Strategies
- Opportunity Strategies
- Strategy Evaluation
- Response Development Practicum
- • Response Monitoring and Control
- Residual Risk
- Strategy Implementation
- Strategy Documentation
- Lessons Learned
- Risk Policies
- Building Risk Models
- Organizational Perspectives on Risk/Risk Management Planning
- Identifying Risk Areas
- Setting Risk Metrics
- Mapping Models
- Risk Quantification
Prework
PDU Allocation Table
| Ways of Working | Power Skills | Business Acumen | Total | |
|---|---|---|---|---|
| CAPM® / PMI-CP™ / PMP® / PgMP® | 0 | 0 | 0 | 0.00 |
| PMI-ACP® / Agile* | 0 | 0 | 0 | 0.00 |
| PMI-SP® | 0 | 0 | 0 | 0.00 |
| PMI-RMP® | 14 | 0 | 0 | 14.00 |
| PfMP® | 0 | 0 | 0 | 0.00 |
| PMI-PBA® | 0 | 0 | 0 | 0.00 |
 |  |  |  |
Instructor(s)
Carl Pritchard PMI-RMP, PMP
Carl Pritchard, PMI-RMP, PMP, is a thought leader in project management. The author of eight project management texts, he was named the 2019 "Best of the Best" in project management by PMI. He has been a project management instructor since he taught his first PMI Training offering in 1993 (then known as SeminarsWorld), and is considered the "fun guy" of project management and risk management training. He pioneered virtual learning by building the structure and process for project management training with George Washington University in the mid-1990s. He is the principal of Pritchard Management Associates, Inc.