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Project Risk Management
Our presentation Secrets to Project Success: Practical Approaches to Identifying Evaluating and Mitigating Project Risk has been one of our most popular and best-received topics
When risks are realized, there are severe repercussions for your business, yet project risk management involves dwelling on the negative potentialities that might not even happen. There are enough “real” uncertainties and issues that exist right now in any project; how can you afford to spend time and money on risks that aren’t even realized yet?
The Preparatory sessions in this program will highlight the areas of your organization that are keeping you from achieving an organic, fully-integrated flow between project management and risk management.
We will then work with your organization to implement and adopt risk management within the framework of your preexisting project management Planning and Execution processes.
Within project planning, we will demonstrate how to:
- Identify risks through risk checklists, brainstorming, historical analysis, etc.
- Evaluate risks (qualitatively or quantitatively) and how to synthesize impact and probability into a single product that helps select the top-priority risks
- Plan the mitigation approach (defining the scope, schedule, and resources that will be used) and decide at what point the risk will be enough of a concern to enact that mitigation plan.
Within the project execution processes of Tracking and Analysis, we will demonstrate how to:
- Monitor the risks, placing highest priority on the risks that were selected in the evaluation process and on the risks that have the highest probability given where you are in the project
- Report on those findings and sounding the alarms when they become unfavorable.
We help your organization adopt this framework with:
- Webinars that introduce increasing levels of risk management rigor
- Coaching and mentoring on the status of implementation and lessons learned
- Monthly group exercises; Red Team Review – Real Projects
- Follow-up organization surveys