Like a lot of things in life, risk management is about common sense, about doing simple things one at a time and about accomplishing something of good for the benefits of many.
Practice of risk management is in a way, very much like Kaizen practice, where a step by step actions are required to do what is right and to do things right.
In this presentation we look at approach of analyzing risks, we get into details of qualitative risk analysis and quantitative risk analysis. This presentation will help professionals who are preparing for PMP certification exam
This presentation explains a simple 5 step process for establishing a process for measuring standardisation of PMO processes across a number of projects.
It also includes how you can download a copy of the PMO Standardisation Tracking Template.
Every 15 seconds,
a worker dies from a work-related accident or disease.
Every 15 seconds,
160 workers have a work-related accident.
Workplaces claim more than 2.3 million deaths per year,
out of which 350,000 are fatal accidents
and close to 2 million are work-related diseases
In this presentation we look at approach of analyzing risks, we get into details of qualitative risk analysis and quantitative risk analysis. This presentation will help professionals who are preparing for PMP certification exam
This presentation explains a simple 5 step process for establishing a process for measuring standardisation of PMO processes across a number of projects.
It also includes how you can download a copy of the PMO Standardisation Tracking Template.
Every 15 seconds,
a worker dies from a work-related accident or disease.
Every 15 seconds,
160 workers have a work-related accident.
Workplaces claim more than 2.3 million deaths per year,
out of which 350,000 are fatal accidents
and close to 2 million are work-related diseases
Presentation by
Primary Information Services
www.primaryinfo.com
mailto:primaryinfo@gmail.com
Download PDF Version at
https://www.slideshare.net/thorapadi/presentations
See Youtube Channel
https://www.youtube.com/user/ch600091/videos?view_as=subscriber
A simple approach to contingency drawdown
Presented by Ben Fry
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Macclesfield
A risk is defined as “an uncertain event or condition that, if it occurs, has a positive and negative effect on a project’s objectives.” Risk is inherent with any project, and project managers should assess risk continually and develop plan to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critical, risk management plans include a risk strategy.
This module on Managing Risk discusses different type of risk that needs to be taken into account by the management while implementing a project. The other topics converged in this module include probability-impact matrix, Risk Quantification; Mitigating/Transferring risk; Risk audits/Review; Sample Risk plan and how to initiate Risk Management Planning.
Project Portfolio Management is one of the key activities that an organization can perform to consistently deliver business value to its stakeholders. According to Gartner, IT spending is on pace to grow by $3.8 Trillion globally in 2015 which is a 2.4 % increase from 2014. Despite this slow growth outlook, IT organizations can utilize the core competencies of Project Portfolio Management to drive greater value creation through the process of categorization, optimization and recalibration of their IT investment assets. This presentation will discuss the challenges of creating business value through the vehicle of project portfolio management by providing insight into:
A better understanding of value creation through project execution.
Aligning project selection and resource optimization with businessneeds
Mapping project investment to organizational priorities
To learn more: http://developingaculturethatworks.com/
On 23 May 2012, McLachlan Lister's Anamaria Popescu made a presentation on "Extensions of Time - Avoiding the Traps or Taking Advantage of Them" in conjunction with well-known Australian law firm Holding Redlich
While working in an environment as risky as a construction site, it becomes one of the major priorities to maintain safety on the site. Follow up these 9 easy steps to work in a safe atmosphere, as stated by Sailesh Mahimtura.
Visit@ http://www.saileshmahimtura.com/
Risk Assessment, Mitigation And Management In Epc Projects With Case Study By...HIMADRI BANERJI
Risk Assessment, Analysis, Mitigation and Management of EPC is therefore, of prime importance today especially with newer risks thrown open by the global economic meltdown related risks, risk related liabilities for performance are allocated to the EPC contractor, with instruments as Liquidated Damages, Extended Guarantees, Latent Defect Liabilities etc.
Presentation by
Primary Information Services
www.primaryinfo.com
mailto:primaryinfo@gmail.com
Download PDF Version at
https://www.slideshare.net/thorapadi/presentations
See Youtube Channel
https://www.youtube.com/user/ch600091/videos?view_as=subscriber
A simple approach to contingency drawdown
Presented by Ben Fry
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Macclesfield
A risk is defined as “an uncertain event or condition that, if it occurs, has a positive and negative effect on a project’s objectives.” Risk is inherent with any project, and project managers should assess risk continually and develop plan to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critical, risk management plans include a risk strategy.
This module on Managing Risk discusses different type of risk that needs to be taken into account by the management while implementing a project. The other topics converged in this module include probability-impact matrix, Risk Quantification; Mitigating/Transferring risk; Risk audits/Review; Sample Risk plan and how to initiate Risk Management Planning.
Project Portfolio Management is one of the key activities that an organization can perform to consistently deliver business value to its stakeholders. According to Gartner, IT spending is on pace to grow by $3.8 Trillion globally in 2015 which is a 2.4 % increase from 2014. Despite this slow growth outlook, IT organizations can utilize the core competencies of Project Portfolio Management to drive greater value creation through the process of categorization, optimization and recalibration of their IT investment assets. This presentation will discuss the challenges of creating business value through the vehicle of project portfolio management by providing insight into:
A better understanding of value creation through project execution.
Aligning project selection and resource optimization with businessneeds
Mapping project investment to organizational priorities
To learn more: http://developingaculturethatworks.com/
On 23 May 2012, McLachlan Lister's Anamaria Popescu made a presentation on "Extensions of Time - Avoiding the Traps or Taking Advantage of Them" in conjunction with well-known Australian law firm Holding Redlich
While working in an environment as risky as a construction site, it becomes one of the major priorities to maintain safety on the site. Follow up these 9 easy steps to work in a safe atmosphere, as stated by Sailesh Mahimtura.
Visit@ http://www.saileshmahimtura.com/
Risk Assessment, Mitigation And Management In Epc Projects With Case Study By...HIMADRI BANERJI
Risk Assessment, Analysis, Mitigation and Management of EPC is therefore, of prime importance today especially with newer risks thrown open by the global economic meltdown related risks, risk related liabilities for performance are allocated to the EPC contractor, with instruments as Liquidated Damages, Extended Guarantees, Latent Defect Liabilities etc.
How Venture Capital is Like a RelationshipLisa Suennen
Presentation about how a venture capital investment has attributes just like a romantic relationship. Originally written and presented by Lisa Suennen to the UC Berkeley Haas School of Business
Successful Entrepreneur Mindset: Unlock the Power of Your Mind to Achieve Suc...Lucky Gods
Unlock your inner business beast! Unleash the power of your mind with the "Successful Entrepreneur Mindset" ebook and crush your entrepreneurial goals! Get ready for passionate purpose, unstoppable vision, and resilience that never quits!
This presentation will explore how project risk can be shared with the insurance market and what special insurance clauses are needed for large construction projects. It will cover the following topics:
(1) The benefits and challenges of risk transfer in project management
(2) The types and features of insurance products available for project risk mitigation
(3) The best practices and examples of special insurance clauses for large construction projects
The presentation aims to provide a practical guide for project managers, contractors, consultants, and insurers who are involved in or interested in large construction projects. It will also offer insights into case studies.
We cannot talk enough about success. Success is not about just money but more importantly about taking one step after another, to do things that are good for us, for those around us and for the world we live in.
Risk Management: Why, How and What Do You Need To Do?Anwar Ahmadabidin
Risk management is about making an effort to have some control over your objectives and what you want to get done. Managing risks while answering the questions of why, how and what to do to manage risk, will make you focus on the big picture and risks that matter most to you and to the people around you.
You are a Risk Manager: Learn the questions of Why, What and HowAnwar Ahmadabidin
You are a Risk Manager and a CEO of your life.
Keep a Diary of Risks for Personal, Small business, Big business is necessary to clear your mind from lots of things to do.
Learning from 'Fire-Fighting' problem, what is not written, is as good as forgotten.
Risk Management Planning can be simple or complicated.
If you focus the Why we need manage risk and the question of What and How to do it, will become easier.
This presentation slide is prepared for a 45 minutes talk to a group of fellow professional trainers in the process of learning. At the end of the session however, the group leader make a remark that she does not understand what I am selling or what is the next action do I want the audience to take. So, version 2.0 of this presentation is coming along soon.
You become what you think about most of the time. And the most important part of each day is what you think about at the beginning of that day - Brian Tracy
The successful manager is an action-oriented person. No one goes through this life without facing many difficult, painful, anxiety-producing, unwanted negative experiences. Ask yourself "What did I learn?" and "What will I do differently next time?"
To be able to coach our own success, we need a guide that would enable us to fast track ourselves to success and happiness. Describing strategies into seven step plan would help us put ideas into action immediately. By quickly acting on ideas, it would be easier forus to make changes and create positive mental notes of the way life should be run.
Without realizing it, all of us are in sales. Everyday we are selling our abilities for promotion, selling our ideas, our desires and whenever we want others to agree with us. There are however the right and wrong ways to sell.
What allows one person to be an automatic peak performer every day while others experience failure after failure? Most likely, the achievers have in their mind a success systems, habits, and rituals that focus rather than detract from their goals.
Brian Tracy suggested seven disciplines we must develop if we want to achieve all that is possible for us. We can learn these disciplines through practice and repetition until they become automatic.
Why do some managers more efficient and effective, build great teams and produce outstanding results than others? Excellent performance in management is only possible where you are competent in several key areas.
Resumes, Cover Letters, and Applying OnlineBruce Bennett
This webinar showcases resume styles and the elements that go into building your resume. Every job application requires unique skills, and this session will show you how to improve your resume to match the jobs to which you are applying. Additionally, we will discuss cover letters and learn about ideas to include. Every job application requires unique skills so learn ways to give you the best chance of success when applying for a new position. Learn how to take advantage of all the features when uploading a job application to a company’s applicant tracking system.
New Explore Careers and College Majors 2024.pdfDr. Mary Askew
Explore Careers and College Majors is a new online, interactive, self-guided career, major and college planning system.
The career system works on all devices!
For more Information, go to https://bit.ly/3SW5w8W
The Impact of Artificial Intelligence on Modern Society.pdfssuser3e63fc
Just a game Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?
Want to move your career forward? Looking to build your leadership skills while helping others learn, grow, and improve their skills? Seeking someone who can guide you in achieving these goals?
You can accomplish this through a mentoring partnership. Learn more about the PMISSC Mentoring Program, where you’ll discover the incredible benefits of becoming a mentor or mentee. This program is designed to foster professional growth, enhance skills, and build a strong network within the project management community. Whether you're looking to share your expertise or seeking guidance to advance your career, the PMI Mentoring Program offers valuable opportunities for personal and professional development.
Watch this to learn:
* Overview of the PMISSC Mentoring Program: Mission, vision, and objectives.
* Benefits for Volunteer Mentors: Professional development, networking, personal satisfaction, and recognition.
* Advantages for Mentees: Career advancement, skill development, networking, and confidence building.
* Program Structure and Expectations: Mentor-mentee matching process, program phases, and time commitment.
* Success Stories and Testimonials: Inspiring examples from past participants.
* How to Get Involved: Steps to participate and resources available for support throughout the program.
Learn how you can make a difference in the project management community and take the next step in your professional journey.
About Hector Del Castillo
Hector is VP of Professional Development at the PMI Silver Spring Chapter, and CEO of Bold PM. He's a mid-market growth product executive and changemaker. He works with mid-market product-driven software executives to solve their biggest growth problems. He scales product growth, optimizes ops and builds loyal customers. He has reduced customer churn 33%, and boosted sales 47% for clients. He makes a significant impact by building and launching world-changing AI-powered products. If you're looking for an engaging and inspiring speaker to spark creativity and innovation within your organization, set up an appointment to discuss your specific needs and identify a suitable topic to inspire your audience at your next corporate conference, symposium, executive summit, or planning retreat.
About PMI Silver Spring Chapter
We are a branch of the Project Management Institute. We offer a platform for project management professionals in Silver Spring, MD, and the DC/Baltimore metro area. Monthly meetings facilitate networking, knowledge sharing, and professional development. For event details, visit pmissc.org.
Exploring Career Paths in Cybersecurity for Technical CommunicatorsBen Woelk, CISSP, CPTC
Brief overview of career options in cybersecurity for technical communicators. Includes discussion of my career path, certification options, NICE and NIST resources.
3. No return
without risk
Fully
understand risk
Risk is
managed by
people
Question any
assumptions
Discuss Risks
openly
Diversify for
consistency
Show discipline
Be
approximately
right
Considering
risk and return
11. Do not be
too
confident
Allow for
pessimistic
view
Put risk as
agenda
number 4
Appreciate
the
messenger
Don’t
surprise the
Bosses
Ask Project
Sponsor to
make BIG
decision
15. List of Risks
Who is responsible?
Who bear the cost?
Who take credit for
success?
Optimise Risk
Reduce
Likelihood & Impact
Improve Control
Suggest alternate
16.
17. Treat all risks
equally?
What are the best
possible results?
Some risks have
higher impact and
probability
Be consistent
What may be on
‘critical path’
Risk Parameter
Gut feeling
Criteria
18.
19. Understand risk
Don’t jump into
conclusions
What a risk is all about
Think of effects and
causes
Respond
Immediately, over time
or consequences
Effect to time, cost or
quality?
What Cause precede
an Effect
20.
21. Activity which adds
value
Prevent threat
Minimize negative effect
Take advantage of BIG
opportunities
Focus on BIG wins
Avoid > Supplier,
contractor, technology
Minimise > Analyse
Likelihood and Impact
Accept > Difficult, Time
consuming, Expensive
22.
23. Book Keeping and
Log
View progress, tract
record
So we won’t forget
So we won’t be
blame
A Good Log
Risk description
Clarify risk owner,
cause and effect
A communication tool
24.
25. Track risks
Changes in
circumstances
Control still effective?
Status of mitigation
plan, tasks and
activities
Risk tasks
Review list of risks
and analysis
Which risks are
critical and likely to
happen
Generate, select and
response
26.
27.
28. Prepare for the worst
• To change, to renew
Pray for the best
• through habitual work
Editor's Notes
Talking, discussing and writing on risk management is easy compared to actually doing something practical, realistic and of real value to further a project or business objective.
Nobody would dare argue that managing risks is a waste time but I have seen many wasting their time doing risk management for the sake of doing it to please demand of bosess.
Like a lot of things in life, risk management is about common sense, about doing simple things one at a time and about acomplishing something of benefit to money, peace of mind and other people well being.
Acting of risks on common sense basis will reduce chance of doing projects which is delivered late, cost much more, does not meet end user needs, very difficult to maintain, have a very short lifespan and become white elephant structures.
A step by step, simple guide to risk management can guide all of us to do what is right and to things right.
From https://www.riskmetrics.com/9rules
There is no return without risk. Rewards go to those who take risks.
Be transparent Risk should be fully understood.
Seek experience Risk is measured and managed by people, not mathematical models.
Know what you don't know Question the assumptions you make.
Communicate Risk should be discussed openly.
Diversify Multiple risks will produce more consistent rewards.
Show discipline A consistent and rigorous approach will beat a constantly changing strategy.
Use common sense It is better to be approximately right, than to be precisely wrong.
Return is only half the equation Decisions should be made only by considering the risk and return of the possibilities.
The benefits of risk management in projects can be many and significant.
We can make a lot of money if we deal proactively and prepare for uncertain project events.
We can minimise the impact of project threats and take advantage of any opportunities that occur.
We deliver project on time, on budget and with the quality results the project sponsor expected.
Team members will be much happier without "fire fighting" mode to repair the failures that could have been prevented.
Risk management Plan = What Plan? = Don’t expect to benefits from risk management.
Faulty approaches to risk management can be many:
No approach at all to risk management.
Running project with confident that no risks will occur
Put full trust in project manager with decades of experience.
Make risk management part of their day to day operations, project meetings and training of staff.
Identify risks = = open mind set = focuses on future scenarios = anything can happens.
Take advantage of people, papers and the internet.
Team members = personal experiences and expertise.
Experts = track record with similar type of project.
Discuss past incidences = Traps = BIG opportunities = have not cross other’s mind.
Interviews and brainstorming = common methods.
Old project plans, project plan, business case, resource planning, websites = good references = read between the lines.
Not possible = identify all project risks before they occur = be prepared for many.
Project managers in failed project = Unaware of the big disaster that was about to happen.
Someone has actually did see the problem coming = didn't inform the project manager.
Team meeting = project risks = default agenda = not the final item on agenda.
Note down everybody comment with appreciation and without critisicm.
Focus communication efforts on the big risks = don't surprise the boss, the project sponsor or the customer!
Ask Sponsor to make decisions on the top risks = don’t assume too much power.
Project risks = negative connotation = "bad guys" that can harm your project.
Better approach = positive risks = the project opportunities = uncertain events that may be beneficial = “good guys" = complete faster, better and more profitable.
Project teams = struggle with to do = overloaded with urgencies = only negative risks matter
Create short time for opportunities =a high pay-off = small investment in time or resources.
A list with risks = starting point.
Make clear who is responsible for what risk!
Pain = risk is not taken care of properly.
A risk owner for each risk
The risk owner =to optimise the risk = tasks to decrease threats and enhance opportunities = responsible for financial loss = responsible for financial gain.
I treat all risks equally = project life simple.
For better results = some risks have a higher impact than others.
Spend time on the risks that can cause the biggest losses and highest gains.
Check for showstoppers that could distrupt project.
Risks can be prioritised on gut feeling or on a set of criteria.
Criteria = effects of a risk and the likelihood that it will occur.
Prioritisation measure = consistently = focus on the big risks.
Understanding nature of a risk = precondition for a good response.
Examine individual risks = don't jump to conclusions = knowing what a risk is about.
Risk analysis occurs at many different levels = think about the effects and the causes that can make it happen.
Effects = describe what can take place immediately after a risk occurs and what effects happen as a result of the primary effects or because time elapses.
Risk analysis = show magnitude of effect in category like costs, lead time or product quality.
Focus on causes = events that precede a risk occurrence.
List causes and the circumstances that decrease or increase the likelihood.
Risk analysis = investigate entire project = total budget needed or the date the project will finish = do a simulation to show how likely it is that you finish on a given date or within a certain time frame or for a given project costs.
Risk analysis = insights = necessary input = effective responses = optimise risk response.
Implementing activity = adds value.
Prevent a threat occurring = minimise negative effects = map, prioritise and understand risks = sound risk response plan = focuses on the big wins.
Deal with threats =three options =risk avoidance, risk minimisation and risk acceptance.
Avoiding risks = organise project = changing supplier, adopting a different technology
Fatal risk = terminate project.
Minimise risks.
Prevent a risk = influencing the causes
Decreasing the negative effects = risk analysis
Accept a risk.
Effects on the project are minimal
Control = difficult, time consuming or relatively expensive.
Conscious choice to accept a certain risk.
Responses for risk opportunities = reverse of threats.
Seeking risks of gain
maximising opportunities
Ignoring small opportunities
Bookkeeping = risk log = view progress = we won't forget
A communication tool = informs team members and stakeholders.
Risks descriptions,
Clarifies ownership issues
Analyse causes and effects.
Administrative tasks = bookkeeping = Big pays off = large number of risks.
Without record of risks = easier to blame = things go wrong.
Record project risks = effective responses = a track record of excellence = Even if things goes wrong.
Doing projects is taking risks.
Risk register = track risks + associated tasks.
Tracking tasks = day-to-day job.
Integrating risk tasks = daily routine = easiest solution = identify or analyse risks or to generate, select and implement responses.
Tracking risks differs from tracking tasks.
Focuses on the current situation of risks.
Which risks are more likely to happen?
Has the relative importance of risks changed?
Pay attention to the risks that matter most for your project value.
Risk rules = guidelines on how to implement successful project risk management plan.
We can always improve.
Kaizen approach:
Measure the effects of your risk management efforts and
Continuously implement improvements to make it even better.