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Effective Project Risk Management Beyond the PMBOK®

WHEN:
Dec 14, 2008 - Dec 15, 2008
09.00 h - 17.00 h
WHERE:
Dubai Knowledge Village, Block 4, Office F14 - Dubai UAE
Target Audience:

Everyone involved in any project which is subject to uncertainty

Project managers who wish to learn how to manage risk effectively on their projects

Risk practitioners who need to update their skills in line with the current PMBOK®

Any project stakeholder with an interest in maximising the chances of project success

Category:
Project Management Core Competencies
Course Code:
KA07
Course Fees:
6600 Dhms

Course Objectives

Participants will:

  • How to recognize risk within your projects, distinguishing risks from their causes and their effects, and exposing both threats and opportunities
  • The requirements for a proactive approach to identifying and assessing risk exposure, addressing both threats and opportunities
  • How to apply proven techniques for prioritizing risks, allowing you to determine the areas requiring particular attention
  • How to develop appropriate response strategies to identified risks
  • How to ensure effective management of uncertainty and maximize the likelihood of achieving your project objectives

Your preferred risk psychology, revealing sources of bias and enabling these to be recognised and countered. The course includes a significant proportion of practical exercises (up to 40%), with a worked example case study to allow delegates to practise the process.Delegates holding the Project Management Professional (PMP®) certification from the Project Management Institute (PMI®) can claim 14 PDUs for completing this course.

DESCRIPTION

All projects are inherently risky, and zero risk is not an option. The successful project manager will therefore be the one who manages risk effectively. Threats must be minimised and opportunities maximised, while maintaining a clear focus on achievement of objectives. This 2-day course takes you through the risk management process in the Guide to the Project Management Body of Knowledge (PMBOK®) Third Edition (2004), detailing the techniques needed to make risk management work on your project, drawing on current international best-practice. Additional issues will be discussed, giving an approach which is proactive, pragmatic and action-based, not theoretical or academic. This course will provide proven tools to help the hard-pressed project manager deal effectively with risk.

Course Outline

  • Introduction
    Overview and objectives of the course
    Delegate introductions
  • Overview
    Definitions of risk
    Why use risk management
    The risk process
  • Risk Management Planning
    Defining the project
    Focusing the risk process
    The Risk Management Plan
  • Risk Identification
    How to use key techniques
    Risks, causes & effects
    Risk Exercise 1
  • Qualitative Risk Analysis
    Probability and impact
    Risk categorisation
    Recording and reporting risk
    Risk Exercise 2
  • Quantitative Risk Analysis
    The role of quantitative analysis
    Monte Carlo simulation
    Developing a risk model
    Understanding outputs
  • Risk Response Planning
    Risk Owners
    Risk response strategies
    Risk Exercise 3
  • Risk Monitoring & Control
    Risk reviews
    Staying in control
  • Behavioural aspects
    Sources of bias
    Risk attitudes (with exercises)
  • Benefits & Implementation
    Benefits of risk management
    Downside of risk management
    Implementation issues
  • Course Conclusion
 

Trainer

Trainer Name:
Dr. David Hillson PMP FRSA HonFAPM FIRM FCMI
Trainer Profile:

   Dr. David Hillson PMP FRSA HonFAPM FIRM FCMI is an international risk management consultant, and Director of Risk Doctor & Partners. He is a popular conference speaker and award-winning author on risk. David is recognized internationally as a leading thinker and practitioner in the risk field, and has made several innovative contributions to improving risk management. He is well known for promoting the inclusion of proactive opportunity management within the risk process, and has developed a practical application of emotional literacy to risk psychology . He has also recently developed a scaleable risk methodology. David is active in the Project Management Institute (PMI®). He was a founder member of its Risk SIG, and is currently the SIG’s Director of Technical Development. He received the PMI Distinguished Contribution Award for his work in developing risk management over many years. He is an Honorary Fellow of the UK Association for Project Management (APM) and past chairman of its Risk SIG. David is also a Fellow of several other professional bodies, including the UK Institute of Risk Management (IRM), the Royal Society for the encouragement of Arts, Manufactures & Commerce (RSA), and the Chartered Management Institute (CMI).

 

 


Important For more information and/or registration
Phone: +971 4 367 1976, E-Mail: info@sukad.com, Location: Dubai Knowledge Village, Block 4, Office F114

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