Prakalpataru
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Managing Risks in Projects!

Course Code : 10ERMIP02DCL

A suitable course for clearing the PMI Risk Management Professional (PMI-RMP)® Examination
A journey from core fundamentals to advance!

Introduction :

There is a very interesting statement about risk :

Risk is a problem whose time is yet to occur! OR
Problem is a risk whose time has occurred!!
And the biggest problem is that many project managers get trapped in problem solving mindset when risk management perspective is required!

Each type of projects carries some fundamental, universal uncertainties while each one of them is characterized by the peculiar uncertainties specific to domain, type, technology, etc.

The competencies for effective risk management are …

  • Ability to differentiate between risks and problems
  • Ability to acknowledge the fact that risks can be positive and hence ability to capitalize on positive risks
  • Ability to be aware and alert about environment & the changes therein
  • Ability to make very effective project presentations for risk sensitization
  • Ability to involve team while making them aware about "when to and what to shout" and more important is "when NOT to and what NOT to shout" (in simple parlance – communication discipline)
  • Ability to visualize happenings and probable responses to uncertainties

The design of training program also incorporates the demonstration some of the competencies listed above. To simplify, following learning objectives can be drafted.

Learning Objectives : The program helps the participants to …

  • Define the difference between problem and risk
  • Make positive use of risks
  • Use common vocabulary of basic Risk Management terms and concepts
  • Use stakeholder analysis in risk management
  • Focus on project objectives in risk mgmt
  • Eliminate misnomers of buffer, contingencies, float, lag, etc
  • Prepare a risk management plan tailored to the needs of project
  • Identify, analyze, track, and control risks
  • Promote open communications about risk
  • Implement continuous risk management
  • Achieve 14 contact hours of Project Management Education

High level course flow : There will be mainly following phases in the workshop.

Day 1 : Welcome and course introduction, Fundamentals of risk, Environment of projects – specific to IT projects and connections to risks, Participants & Faculty introduction, Case Study -Assignment
Risk Identification, prioritization & response planning

Day 2 : Working on real life projects, Reinforcement of fundamental principles, Presentations of risk registers with strategies, Assessment

Methodology :

Concept Clarity >> Practice >> Connections to work!
Techniques like discussions, group presentations, movies, and role play to facilitate their understanding. However, the participants MUST share their projects when required during the program.

Prerequisite :

Participants should have project management background or at least have worked in project environment. The course is equally useful for those who are about to begin their role as project managers.

 

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Duration Duration : 2 Days
Risk is a problem whose time is yet to occur! OR
Problem is a risk whose time has occurred!!
And the biggest problem is that many project managers get trapped in problem solving mindset when risk management perspective is required!

Process Groups Addressed :

untick All
tick Initiating
tick Planning
untick Executing
tick Monitoring & Controlling
tick Closing

Knowledge Areas Addressed :

untick All
tick Stakeholder Management
tick Communication Management
untick Procurement Management
untick Time Management
untick Cost Management
untick Quality Management
untick Human Resources Management
tick Risk Management
tick Integration Management
untick Scope Management