Archive for December 15th, 2016

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Online Webinar  – Recorded April 12th 2016
Activity Type: Education – Online or Digital Media 1 PDU – Free
Provider: Simplilearn.com (Rep #3147)

In this webinar Susanne reviews the two dimensions of risk and a 9 step risk management process to use with your projects.

The two dimensions of Risks:

  • Probability – How likely or unlikely is the risk to happen?
  • Impact – What is the effect on the project’s objectives in case it happens?

Risk management matters for avoidance of issues, improve success rate and leverage opportunities.

The 9 Step Risk Management Process:

  1. Identify risks and opportunities
  2. Analyse root cause
  3. Determine impact
  4. Assign owners
  5. Decide on risk response
  6. Determine probability
  7. Document risks
  8. Communicate risks
  9. Regularly review

Susanne believes that a great project manager is first and foremost able to manage his or her own state of mind and that project management success is as much about managing people as it is about managing tasks, plans and resources.

As a result she helps people to look inwards and become a better leader; someone who sets a great personal example, who is excellent at inspiring and focusing the team and who also understands how to liaise with the client and senior stakeholders to deliver that which they really need

Presenter:

Susanne Madsen (LinkedIn Profile @SusanneMadsen) Program Director, Project Leadership Coach, author of “The Power of Project Leadership: 7 Keys to Help You Transform from Project Manager to Project Leader” & the Project Management Coaching Workbook: Six Steps to Unleashing Your Potential. Susanne has years experience in managing and rolling out large change programs.Susanne’s big passion is helping project managers get to the next level – and to help organisations set-up coaching and mentoring programmes to enable that.The majority of her experience stems from working with investment banks such as JPMorgan Chase, Citigroup and Standard Bank.Susanne is a PRINCE2 and MSP Practitioner and a qualified Corporate and Executive coach. She is also a member of the Association for Project Management (APM).

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Risk Management For Project Leaders

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Technical Project Management Leadership Strategic & Business Management

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Online Webinar  – Recorded December 24th 2012
Activity Type: Education – Online or Digital Media 1 PDU – Free
Provider:
ProjectManagement.com/Gantthead (REP #2488)
Once viewed your PDU Will automatically Be recorded with PMI®

ProjectManagement.com / Gantthead premium content
Is available to PMI® members.

This webinar continues a series by Vijay Kanabar PMI Mass Bay Chapter, PMP, for beginning practitioners who seek to learn more about the PMBOK® Guide Knowledge Areas.

Vijay covers project risk management and reviews the 5 elements of the project risk management planning process.

Presenter: Dr. Vijay Kanabar is a council member of the PMI New Practitioners Community of Practice and the director of project management programs at Boston University. Vijay has presented at PMI conferences and authored two books on project management including The Art and Science of Project Management  and MBA Fundamentals Project Management.

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Project Management Processes For The True Beginner:
Risk Management Planning

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Technical Project Management Leadership Strategic & Business Management

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Project Risk Management

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Online Webinar  – Recorded September 20th 2015
Activity Type: Education – Course or Training  1.75 Hours 1.75 PDU
Provider:  3FOLD Education Centre  (Rep# 3073)

This hour and a half Project Risk Management recorded course is based on the 5th Edition PMBOK® Guide: Chapter 11

This course from the 3Fold Education Centre is normally a 3 – 5 hour course for the participants with Q&A and individualized attention for the participants.

Selvan (Tamilselvan Mahalingam) (LinkedIn profile) – the instructor for 3Fold (LinkedIn profile@3foldedu) has compressed the course to an hour and a half and still covers the entire PMBOK® Risk Management Chapter fairly well albeit reasonably quickly 🙂

In this session Selvan covers:

11.2 IDENTIFY RISKS
INPUTS
1. Risk Management Plan
  • Assignment of roles and responsibilities for risk-management activities
  • Provision in schedule and budget for risk-management activities
  • Risk categories (may include risk breakdown structure)
2. Cost Management Plan Processes and controls that can be used to identify risks on the project.
3. Schedule Management Plan Project schedule objectives which may be impacted by risks.
4. Quality Management Plan Quality measures and metrics for use in identifying risks.
5. HR Management Plan
  • Roles and responsibilities
  • Project organization chart
  • Staffing management plan
6. Scope Baseline
  • Project scope statement (contains project assumptions)
  • WBS (facilitates understanding of potential risks at summary, control account, and work package levels)
7. Activity Cost Estimates Provides quantitative assessment of the range of costs of completing scheduled activities, with the width of the range indicating the degree of risk.
8. Activity Duration Estimates Used to identify risks related to time allowances for activities, with the range of the estimates indicating the degree of risk.
9. Stakeholder Register Useful for soliciting inputs from stakeholders to identify risks.
10. Project Documents
  • Project charter
  • Project schedule
  • Schedule network diagrams
  • Issue log
  • Quality checklist
11. Procurement Documents Details used to determine risks associated with planned procurements.
12. EEFs Information from industry and academia that give guidance in identification of risks.
13. OPAs
  • Project files
  • Organizational Process Controls
  • Templates for risk statement
  • Lessons learned
TOOLS & TECHNIQUES
1. Documentation Reviews A structured review of previous project files, project plans and project assumptions.
2. Information Gathering Techniques
  • Brainstorming
  • Delphi Techniques
  • Interviewing
  • Root cause analysis
3. Checklist Analysis Checklists for risk identification may be compiled from previous projects and an analysis of the risk breakdown structure.
4. Assumptions Analysis Explores the validity of assumptions as they apply to the project.
5. Diagramming Techniques
  • Cause and effect analysis
  • System or process flow charts
  • Influence diagrams
6. SWOT Analysis Examines the project for each of the Strengths, Weaknesses, Opportunities, and Threats by examining the dimensions of positive and negative risks, and internal and external ones.
7. Expert Judgment Experts with experience on similar projects or business areas.
OUTPUTS
1. Risk Register
  • List of identified risks
  • List of potential responses

Click to watch on Youtube:
Project Risk Management

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Technical Project Management Leadership Strategic & Business Management

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Online Webinar – Recorded
Activity Type: Education – Course or Training  1 Hr  $12.95 USD PDU
Provider: Solutions Cube Group (REP 2451)

This webinar is the third in a 4 part series series on Risk Management by Solutions Cube.  Although this module is a part of the series – each module in the series can be taken individually.

Many project teams describe their Risk Management effort as a Risk Mitigation activity to overcome negative project risks.

Risk Mitigation is only one of the 8 different responses considered by project teams who are successful in their risk management effort. Teams who consider all 8 risk responses when creating their risk register are more effective in exploiting risk opportunities as well as minimizing or preventing risk threats.

The Risk Management Series of in depth webinars will introduce participants to techniques for defining a Risk Management Process and using this process to progressively build a Risk Register including: identifying risks using a Risk Meta-Language, Assessing Risks with quantitative techniques, understanding the 8 risk responses and selecting the appropriate Risk Response for the project risks and monitoring risks throughout the project.

Solutions Cube Group’s Selecting the Appropriate Risk Responses webinar will help your project teams understand the differences between the 8 risk response types and when it is appropriate to use each response.

This session will help you Select the Appropriate Risk responses.

In this 1 hour in-depth webinar participants learn:

  • How to complete the risk register with appropriate risk responses
  • Why relying on risk mitigation as the only response to risk creates more risk exposure
  • How to differentiate between the Risk Response types available for managing project risk
  • Techniques for creating contingency plans as part of the response effort
  • When to use each response type when planning the risk management effort

Learn how to increase the likelihood of positive risk opportunities occurring and how to reduce or avoid the impact of negative project risks.

EARN 1 PDU after viewing this webinar

PLEASE NOTE:  If you are on the Solutions Group Site and receive a message that your cart is empty when you go to check out – this is because you are not yet signed in to your account on their site – or you have not registered for a free account on their site.

To resolve this issue simply click the “person” icon on the top of the course description page and either sign in or register.  You can then return to the course Description page and add the course to your cart.

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Selecting the Appropriate Risk Responses

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Technical Project Management Leadership Strategic & Business Management

NOTE: For PMI® Audit Purposes – Print Out This Post!  Take notes on this page during the presentation and also indicate the Date & Time you attended. Note any information from the presentation you found useful to your professional development and place it in your audit folder.