Introduction
All projects are risky, and effective risk management is a key contributor to project and business success. Project risk management is well established, with an agreed process, accepted methods and proven techniques. Despite this consensus, some elements of risk management are still problematic. People try to follow the process and apply the methods and techniques, but come across barriers to effective implementation. As a result, project risk management often fails to deliver the expected benefits.
This Master Class in Project Risk Management addresses the most common sticking–points, presenting practical solutions to those parts of the risk process which cause people problems. Drawing on a wide range of experience across different industry sectors from an international perspective, and using a range of learning styles, participants will gain valuable insights to make their management of risk more effective.
Delegates attending this programme will learn:
- How to recognise opportunities within their projects, and manage them proactively alongside threats through a common risk process
- Effective techniques for identifying both opportunities and threats from a range of sources
- How to prioritise risks and determine which ones require focused attention
- How to develop appropriate response strategies for identified opportunities and threats
- How to ensure effective implementation of risk management and maximise the likelihood of achieving project objectives.
Key focus areas
- Key concepts: relating uncertainty, risk, threat and opportunity
- Summary of the risk process
- Issues with identification: finding and describing risks
- Aspects of assessment: defining scales and understanding exposure
- Realistic responses: Strategies and tactics
- Implementation issues: reviews and updates
- Keeping it alive: communication and buy-in
The course includes a number of exercises to allow delegates to practise the areas discussed, providing a safe learning environment where skills can be developed before returning to the workplace.
Course outline:
- Course introduction: Course objectives; Delegate introductions
- Key concepts: Uncertainty and objectives; Risk, threat and opportunity
- Risk process summary: Key stages; Main techniques
- Issues with identification: When is a risk not a risk?Using metalanguage; How to find risks - key techniques: Ensuring complete coverage – the RBS
- Assessment areas: How high is “High”? Defining scales; Improving resolution – P-I Scoring; Patterns of risk exposure – WBS/RBS mapping
- Realistic responses: Strategies and tactics; Using metalanguage to design responses
- Implementation issues: Just Do It: actions, reviews and updates; How much is enough?
- Keep it alive: Communication strategies; Creating management buy-in
- Course conclusion Where next?; Other delegate issues
Who should attend?
The course is designed for:
- project managers and risk practitioners who wish to extend their skills to manage risk more effectively
- any project stakeholder with an interest in maximising the chances of project success
- anyone involved in a risky project where the risk management process is not delivering the expected benefits
- project professionals interested in how to apply the latest developments in project risk management practice.
Prior experience of project risk management would be helpful though not essential.
Faculty
Dr David Hillson
Dr Hillson has an international reputation as a leading thinker and practitioner in strategic risk management – turning uncertainty into competitive advantage. Known worldwide as the Risk Doctor, David has a strong and unique track record track record in the diagnosis, prognosis and treatment of uncertainty, both its threats to business health and its opportunities for business growth.
David is the author of six books, a Director of Risk Doctor & Partners, Fellow of the UK Institute of Risk Management, Honorary Fellow of the UK Association for Project Management, and holds the Distinguished Contribution Award from the Project Management Institute for his work in developing risk management over many years.
Fees: The fee of R12 500 includes tuition, instruction material, lunches and refreshments. No registration will be confirmed without payment.
Cancellation policy
Delegates who cancel their registration after the closing date for registrations, or where there is no closing date, less than 14 days prior to programme commencement, will be liable for 50% of the programme fee. Those who do not arrive for the programme will be liable for the full fee. Notification of cancellation must be sent in writing either via e-mail or via fax. All who cancel their attendance must return the course material intact.
Contact details:
Deborah Fisher
Tel: (011) 771 4150
Fax: 086 638 2738
E-mail: execed@gibs.co.za