SECRETS TO MASTERING

Risk Management

IN REAL-WORLD PROJECTS Workshop

SECRETS TO MASTERING RISK MANAGEMENT IN REAL-WORLD PROJECTS WORKSHOP

with author Liliana Buchtik, PMP, PMI-RMP

OBJETIVE

A fascinating workshop! The most practical and up-to-date approach to successfully manage project risks! It is based on Liliana’s successful book Secrets to Mastering Risk Management in Real-World Projects – Second Edition. Learn firsthand from the author! Though the workshop is focused on projects, it also applies to operations. It goes beyond the basics or the PMBOK Guide risk management chapter. You will learn the latest about the topic. It will share with you tools and innovative and advanced concepts to manage risks, the steps for risk management, soft skills to manage and communicate risks, typical risks per project area such as risks related to costs, schedule, quality, procurement, etc. You’ll learn how to compute contingency reserves. You’ll discover a risk management maturity model, a revision of software to manage risks as well as for risk analysis. You’ll learn about the characteristics of a good risk manager and how to create a valuable risk management plan, and many more topics. You’ll see real-world case studies such as the famous 33 miners rescue project in Chile. You’ll see examples from NASA, Boeing, Bechtel, Fluor, IDB, Panama Canal, PMI, California Department of Transportation, and others across diverse industries. The workshop was created combining the global and diverse experience of its author plus her research in the field, with examples from real-world projects, mega-projects, programs and organizations globally. Read below the workshop’s contents.

CONTENTS

Project risk management concepts and benefits

Project risk management 20 benefits and myths. Positive and negative risks. Risks versus problems. Known and unknown risks. Risk components. Thresholds, tolerance, probability and impact, categories, examples, risk breakdown structures. Risks per project phase. Risk management roles. Risk management standards. Which projects have risks? Do all projects have risks? Who should manage project risks?…and other topics.

How do you plan project risk management?

Why planning risk management? How to do it and when? How to write an effective risk management plan? How applicable is that? Which things should you consider? Main tools to use in this process.

How do you identify and document risks?

Why identifying and documenting project risks? How to do it, what for, and when? Who should do it? Which things to consider? Which tolls should you use? Key and innovative tools for a professional and complete risk identification that also considers its cost/benefit. Advantages and disadvantages of each tool and when should you use each one of the over 20 tools available for risk identification. How can you ensure stakeholder’s support in this process? How can you identify many risks when you don’t have much time? The value and use of the RBS. How do highly performing organizations identify risks?

How do you analyze project risks? — Qualitative analysis

What is the qualitative risk analysis ad what does it offers? What to consider? How to do it? Which are its fundamental tools? Risk probability and impact analysis. Simple and double threats and opportunities matrices. Risk connectivity. Risk prioritization and ranking. The role of tolerances in risk analysis, and other topics.

How do you analyze project risks?—Quantitative analysis

What is quantitative project risk management? What does it offers? How do you know if you need it? What to consider? What its benefits are? When should you use it? Which companies and projects use it? Types of probability distributions, modeling and simulation. Monte Carlo, PERT and sensitivity analysis. Steps to create decision trees and expected monetary value, and other topics.

How to get ready to face risks?

How do you plan to face risks? How do you plan when you have too many risks? How do you use the risk register? Residual, secondary, and other types of risks. Which inputs do you consider for risk response planning? Strategies to respond to opportunities and threats. Contingency reserves types and computation. Key tools for this process. Successful and real case study at the Chilean miners rescue project. Three characteristics of a valuable risk management plan.

How do you execute risk plans and control risks?

Which questions should you ask in this step? What do you consider? What tools can you use? Incident registry and more. Risk controls. What should you monitor? When should you monitor risk? How can you monitor risk?

How to put all the prior steps into practice?

Putting into practice planning, identification, analysis, responses, and controlling steps. Examples of the main project artifacts, use up to 27 key bg risk templates. Determine contingency reserves, and other exercises.

How do you deal with risks related to the project scope?

The relationship between risks and the project charter, the project scope statement, the WBS and project requirements. Agile approach: does it minimize risk? Change requests and risk. Typical sources of risks in project scope management.

How do you deal with risks related to the schedule?

Typical sources of risks in project time management and tools to address those. Risk relationship to estimates, assumptions, constraints, inter-dependencies, factors, people, complexity, resource availability, network logic, globalization, convergence, critical chain, critical resources, fast tracking, compression, and other topics.

How do you deal with risks related to people?

Typical sources of risk in project human resources management and how to address them. Relationship between risk and roles, responsibilities, conflicts, norms, hierarchy, availability, skills, expectations, support, estimates, etc. And other related topics.

How do you deal with risks related to project acquisitions?

Risks in the procurement management plan. How to select the most appropriate contract type to address risks. Good practices to manage risk in procurements. Typical sources of risks in project acquisitions and how to address them.

How do you deal with risks related to project quality?

Typical sources of risks related to the project and product quality and how to address them. Relationship between risk, quality and constraints. The risk management plan and the quality leader.

How do you deal with risks related to the project cost?

How does project cost and risk relate? Estimating considering risks. Typical sources of risk related to the project cost. Reserve analysis and other related tools.

How do you deal with risks related to project communications and how do you communicate risks effectively?

Case study of a real, highly risky, and successful project where project communications were handled effectively at all levels. Rules and theories to create and communicate risk messages with typical mistakes to avoid. How to communicate risks and plan for it? Typical risks related to project communications. Communications model and channels.

How are individuals who successfully communicate risk?

Key characteristics to succeed in communications and soft skills for risk managers. Case study: personal traits and characteristics of the risk manager of the Chilean miners rescue project.

Which software can you use to manage risk?

The most comprehensive revision and comparison of risk management software available in the market with practical examples. Software incorporation is a mature and centralized manner to effectively manage risk. Examples of software that aid in risk management from its planning to its monitoring. See how some software use and apply key concepts learnt in theory.

Which software can you use for risk analysis?

Revision and comparison of diverse software that allow quantitative risk analysis. The use of software to observe how to use some key tools step by step. Getting into greater detail in tool like spider diagram, tornado chart, decision tree, scatter diagram, Monte Carlo analysis, what if analysis, and other topics.

Risk management lessons, templates and maturity model

Learn many real-world project risk related lessons. Discover bg® maturity model to implement project risk management maturity in your projects or organization.

TESTIMONIALS

“I highlight a very important aspect of this book that has to do with the ‘prejudices’ that still persist among many professionals of diverse specialties, related to risks and their treatment. We often find managers and directors, from diverse industries and jobs, with a negative perception about risk, meaning for them you ‘suffer’ risk. However, from this book arises an overcoming and very beneficial vision: risks in themselves are not good nor bad, they are natural aspects of projects; given this, a successful project is the one that achieved to properly manage risks inherent to its goals and challenges. The book has a very good balance between theory and practice, given always after each concept it offers a case or specific situation that allows you to ‘put it into practice’. It is exactly the richness that these real and practical cases offer what makes a nice reading and in addition reflects the vast experience of the author. I fervently recommend reading this book.”

 Project Management Professor, Austral University. Argentina

Read more testimonials

RiskBookEng2 Each participant will receive a FREE copy of this book signed by its author.

FORMAT AND DURATION

In-company or open to public. Formats of 16, 24 or 40 hours.

APPLIES TO

All industries.

WHO SHOULD ATTEND?

Risk managers of projects, programs, or operations; or those who desire to learn about risk management, program or project managers, risk analysts, managers, process analysts, engineers, project team members, PMO staff, cost analysts, project schedulers, project sponsors, those preparing for the PMI-RMP, PMP and CAPM credentials, or risk management certifications.

LEVEL

Intermediate – Advanced.

LANGUAGE

Available in English and Spanish.

PDUs

PMP, PMI-SP, or PMI-RMP credential holders may use this course’s certificate to report PDUs under PDU Category: Cat. B: Continuous Education.

FORMATS
  • Clase Virtual
  • Clase Tradicional
  • Intensivo
  • Estándar