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Controlling Project Risk

Introduction

  • Personal Risk Profile
  • Our relationship with risk
  • CHAOS study
  • Sources of project risk
  • Project success factors
  • Importance of Risk Management

Basic Risk Management Concepts

  • Risk
  • Threat and opportunity
  • Relationship between issues and risks
  • Risk Management
  • The Standard Risk Model
  • Impact of risk on project plans
  • Levels of risk
  • Risk Management timing

Planning for Risk Management

  • Identifying risk stakeholders
  • Communities Analysis
  • Stakeholder profile
  • Support Analysis
  • Risk Management Plan

Risk Identification

  • The risk identification process
  • The risk statement
  • Tools and techniques
  • The Risk Register: Tracking threats and opportunities

Threat Analysis

  • Characterizing threats
  • Tools and Techniques
  • Threat prioritization: Using numeric scores
  • Risk Impact Area
  • Risk Triggers
  • Root cause analysis
  • Threat timing and urgency
  • Assessing the quantitative impact of unmanaged risk

Threat Response Planning

  • Developing proactive responses to threats
  • Residual risk analysis: reprioritizing threats
  • Contingency planning
  • Quantitative assessment of response and contingency plans
  • Secondary risks
  • Examining cost / benefit of risk plans
  • Budgeting for threat management

Opportunity Identification

  • Two kinds of opportunity
  • Why opportunities are missed
  • An enhanced model of risk
  • Why opportunities are difficult to see
  • What we can do to find more opportunities
  • Seven Step Approach to opportunity management
  • Using the Opportunity Register
  • Quantitative assessment of opportunities
  • Calculating Net Benefit
  • Gaining management buy-in to your risk approach

Risk Monitoring and Control

  • Watching the risk landscape
  • Issues management: Activating risk plans
  • The issues log
  • Acting on opportunities
  • Updating the Risk Register
  • Lessons Learned
  • Wrap-up discussion
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