Effective Project Risk Management Course Nov 2012

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Traditionally majority of project decisions heavily favoured cost and schedule. Alarming rate of project failure resulted in realization of requirement for risk management competency for project managers and their respective team members. Risk management involves minimizing the consequences of adverse events as well as maximizing the result of positive events. This course attempts to identify the requirements for project risk management. This leads to the development of a risk management roadmap, which will underpin the design and implementation of an intelligent risk mapping system. The outcome from this course will facilitate course participants to effectively manage project risk and contribute towards successful project management in their respective organization.

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Effective Project Risk Management Course Nov 2012

  1. 1. ‘It is an unhappy fact of life that there are usually more things that cango wrong with a project than can unexpectedly go right’ John R. Schuyle WHO SHOULD ATTEND?► Project managers seeking to bring new dimensions of leadership to projects, programs and portfolios;► PMO professionals seeking enhancements for their organization’s project management practices,► Product development managers, business line managers, IT managers, financial managers, and other business professionals who need an advanced yet practical project management education;► Senior managers and executives looking to leverage their organization’s technical and managerial expertise through a strong project management capability.Dates : 27 & 28 November 2012 (Tuesday & Wednesday)Time : 9:00 a.m. – 5:00 p.m.Venue : Kompleks ЄUREKA, Universiti Sains Malaysia, Penang. Previous participants came from:Organised by: • Continental Automotive Components Malaysia Sdn. Bhd. • Avago Technologies (M) Sdn. Bhd. • Philips Lumileds Lighting Company Sdn. Bhd. • Malaysian Institute of Road Safety Research (MIROS) (wholly-owned by Universiti Sains Malaysia) • Pengurusan Aset Air Berhad (PAAB) • Public Works Department (PWD) • Universiti Malaysia Pahang (UMP) • Universiti Malaysia Perlis (UNIMAP)HRDF Claimable* • Open University Malaysia (OUM) *Subject to HRDF Approval • Universiti Malaysia Sarawak (UNIMAS)
  2. 2. INTRODUCTION METHODOLOGYTraditionally majority of project decisions heavily The workshop will be conducted in a highly interactivefavoured cost and schedule. Alarming rate of project approach with real project case study and simulation offailure resulted in realization of requirement for risk project scenarios. Relevant training video and referencemanagement competency for project managers and material will be used to enhance teaching and learning.their respective team members. Risk managementinvolves minimizing the consequences of adverse eventsas well as maximizing the result of positive events. This COURSE FACILITATORcourse attempts to identify the requirements for projectrisk management. This leads to the development of a MAJOR (R) DR. PREBAGARAN A/L JAYARAMANrisk management roadmap, which will underpin the PhD, PMP,PMI-RMP, MSc, BSc Ed (Hons), Dip Phy Ed,design and implementation of an intelligent risk Dip ALC, CT (USA)mapping system. The outcome from this course willfacilitate course participants to effectively manage Dr. J. Prebagaran has 23 years of working experience inproject risk and contribute towards successful project Management & Training. He is a retired military trainingmanagement in their respective organization. officer. He has served as a facilitator for major MNC, SME and government agencies in the field of management, safety, quality and training. Dr. J. Prebagaran is aCOURSE OBJECTIVES Certified Project Management Professional by Project Management Institute (USA). He was a Project ManagerAt the end of this course, participants shall be able to: (Training) of multi billion international ship building i. Define fundamental principles of risk project for 5 years. He has hands on experience in management; managing various projects involving international ii. Explain the benefits of effective risk management organizations from Oman, Australia and Indonesia. Dr. J. and the implications of poor risk management; Prebagaran is Certified Trainer of ‘7 Habits of Highly iii. Identify project risk; Effective People’. He is also a Certified Trainer by iv. Conduct basic project risk analysis; International Board of Certified Trainers (USA). He is an v. Develop preliminary project risk response plan; Advanced TQM facilitator, ISO 9001:2000 QMS Lead vi. Determine key principles to monitor and control Auditor and competent trainer for ISO 14000. project risk; vii. Explain fundamental requirements for effective Dr J. Prebagaran is currently an Associate Consultant of risk governance; USAINS Holdings and Principal Consultant of Samudera viii. Develop personal action plan to apply the skill Management Consultants. Dr J. Prebagaran has acquired at workplace. conducted various leadership and project management training programs for government, multinational organizations and international clients. Among thePROGRAM FEE prominent satisfied clients from his training program are Agilent Technologies, PETRONAS University, PT REA, Indonesia (A public listed company in UK), MatsushitaMYR1,100.00 PER PARTICIPANT and MISC (Malaysian International Shipping(Covers course material, refreshment including Corporation). Dr J. Prebagaran is a faculty member oflunch and Certificate of Attendance) Asia E University MBA Program. Dr J. Prebagaran has practical and proven experience in design and deliveringGROUP – MYR810.00 PER PARTICIPANT of leadership and management development program for(group minimum of 2 participants from the same major international organizations like MISC, Sony,organisation) Flextronics, Western Digital and Agilent Technologies. He has also conducted various training programs in management and leadership development in Thailand,ENQUIRIES Indonesia and Ghana.Technical: He has attended training programs in USA, Germany andMajor (R) Dr. Prebagaran a/l Jayaraman UK. Dr J. Prebagaran has presented paper in national andSamudera Management Consultants international seminars in the field of Safety, Quality andTel: 05-6892101 / 012-5261482 Management. He is a strong advocate of lifelong learning.praba1965@yahoo.com His research interest is in project management competency development and technology management.Registration and others: His class will be full of energy and fun He is an expert inKhairol Anuar Hazir Mohammed adopting adult learning principles to ensure effectiveUSAINS Holding Sdn Bhd teaching and learning process.Tel: 04-653 4372 / 012-286 9048khairol@usainsgroup.com / khairol_usains@yahoo.com LIST OF ACCOMMODATION IS AVAILABLE UPON REQUEST
  3. 3. EFFECTIVE PROJECT RISK MANAGEMENT - COURSE OUTLINE 1. Fundamental Principles Risk Management: Definition of risk. Iterative risk management process. 2. Benefit of Effective Risk Management: Proactive project management. Optimization of opportunities. Mitigation of threat. 3. Implication of Poor Risk Management: Reactive project management. Increased probability of project failure. 4. How to identify project risk? Input required for effective risk identification. What is a well defined risk? Common risk identification methods. Common risk documentation methods. Risk register. Risk identification : case study. 5. How to Perform Risk Analysis? Qualitative and quantitative risk analysis. Assumption testing. Data quality assessment. How to determine probability and impact? Risk ranking. Risk register updates. Expected monetary value of risk. Risk Analysis : case study. 6. How to Plan Risk Response? Inputs required for effective risk response. Risk response strategies for threat. Risk response strategies for opportunities. Residual risk. Secondary risk. Triggers. Contingency planning. Fallback planning. Contingency reserve. Management reserve. Plan Risk response : case study. 7. How to Monitor and Control Risk? Objectives of monitor and control risk. Workarounds. Risk audit. Earned value analysis. Risk Reassessment. Key activities of monitor and control risk process. Outputs of monitor and control risk process. Monitor and control risk : case study. 8. Personal Action Plan How to translate your knowledge and skill into action (within your circle of influence).DisclaimerThe Organizer reserves the right to reschedule or cancel any part of its published programme or venue due to unforeseencircumstances and will not accept liability for costs incurred by participants or their organizations for the cancellation of travelarrangements and/or accommodation reservations as a result of the course being cancelled or postponed. Advance notice will begiven if there are such changes or cancellation.
  4. 4. REGISTRATION FORM EFFECTIVE PROJECT RISK MANAGEMENT NOVEMBER 2012 Fax or send registration form to : USAINS Holding Sdn. Bhd., Ground Floor, Kompleks ЄUREKA, Universiti Sains Malaysia, 11800 USM PENANG. Fax : 04-657 2210 Or Email: khairol@usainsgroup.com / khairol_usains@yahoo.comNo. Participants Name Position & Email1.2.3.4.5.Company:Address: Postcode:Primary Person: Mobile Phone:Telephone No.: Fax No.: E-mail:MODE OF PAYMENT Number Bank No. of Participants:I enclose Crossed Cheque Bank Draft Group Discount: Money Order LO/PO Total Sum (MYR)LO / PO / Cheque / Bank Draft / Money Order must be made payable to ‘USAINS Holding Sdn. Bhd.’. 1. Bank Transfer [Please fax or email your Bank-in Slip (Print your name & details on the slip)]. Payee Name: USAINS Holding Sdn. Bhd. Details: EFFECTIVE PROJECT RISK MANAGEMENT NOVEMBER 2012 Name of Bank: CIMB Bank Berhad (USM Branch), Universiti Sains Malaysia, 11800 USM Penang. Account Number: 0709-0006708-05-7 2. A Local Order (LO) or Purchase Order (PO) must be presented before the event. The Organizer reserves the right to refrain a registered participant from taking part in the event if no proof of payment can be presented. This only applies to registered participants who have NOT paid the registration fee PRIOR to the event date. 3. Cancellation / Substitution A full refund less administration fee of MYR250.00 will be given for cancellation received not later than 10 working days before the course. No refund will be made after this period. However, substitute participants are welcomed at no extra charge provided written notice of at least 5 working days before the event is given to the Organizer.

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