Proactive Risk Management: Stakeholder Tolerance Analysis, Buy-in and Commitment

PDUs

CEUs

1.4

LEVEL

Intermediate

LENGTH

2 Days

PMI Member Early Registration

0

PMI Member
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$1455

Non-Member Early Registration

0

Non-Member

$1595

Note: Pricing may vary based on country

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Seminar Description

Many organizations are beginning to see the value of undertaking efforts to invest the time and personnel to identify and respond to those risks critical to the success of the organization’s projects, and keep the expectations of key stakeholders aligned with reality. Other organizations, however, continue to expend little effort within their project’s initiation and planning phases in identifying and responding to risks, leaving their project teams in a reactive, fire-fighting mode of managing projects when issues arise in the execution phase. These organizations often have to accept deliverables which don’t meet the performance objectives, in a project already late and over cost. This course is based on numerous project management process implementation efforts and project audits. It will discuss strategies to the seemingly typical response of some organizations to risk management—worried about the outcome, but hopeful that the project team will create a miracle. Through the application of directed discussions and accompanying tools, a project team and organization can begin the movement towards being prepared to respond to project risk events—a proactive approach which can also serve as a learning platform across the entire organization.


What You Will Learn

Upon completion of this course, participants will be able to:
  • Understand strategic risk management: project selection, opportunity identification, financial / benefit analysis
  • Determine stakeholder risk appetite, tolerances and thresholds
  • Identify, assess and evaluate risk events and triggers
  • Name the essential principles of the project risk management processes: identification, analysis, response planning, and monitoring and controlling
  • Recognize the importance of risk management on projects and identify the main areas of risk
  • Understand the distinction between uncertainty (common cause variation) and risk (special cause variation)
  • Know how to apply several risk management techniques and how to communicate the results of those techniques to the key project stakeholders
  • Determine and develop proactive Risk Responses and control mechanisms. 
  • Recall the usage and communication of contingency reserve, management reserve, fallbacks and workarounds
  • State how to communicate the occurrence of an identified risk event vs. an unidentified risk event (issue)
  • Understand how to use the project phases to iteratively identify, assess, and respond to risk events and convey meaningful project information to decision makers. Manage future risks more effectively through organizational lessons learned

PDU Allocation Table

The table below displays the number of professional development units (PDUs) awarded for each PMI® credential, as they align to the PMI Talent Triangle™. Leadership and Strategic PDUs apply evenly across all credentials and Technical PDUs apply only to specific credentials. PDUs will be added in full to all eligible credentials.

Download PMI Talent Triangle™ Information

  •  
  • Technical
  • Leadership
  • Strategic
  • Total
  • PMP®/PgMP®
  • 11.00
  • 0.00
  • 3.00
  • 14.00
  • PMI-ACP®
  • 0.00
  • 0.00
  • 3.00
  • 3.00
  • PMI-SP®
  • 0.00
  • 0.00
  • 3.00
  • 3.00
  • PMI-RMP®
  • 11.00
  • 0.00
  • 3.00
  • 14.00
  • PfMP®
  • 2.00
  • 0.00
  • 3.00
  • 5.00
  • PMI-PBA®
  • 0.00
  • 0.00
  • 3.00
  • 3.00
  •  
  • Talent Triangle Blue
  • Talent Triangle Green
  • Talent Triangle Purple
  • Complete Talent Triangle

Locations Offered

SeminarsWorld® in Montreal

3 - 4 April 2017 Montreal Quebec, Canada


Join our expert SeminarsWorld® instructors in Montreal to learn how to orchestrate total project success, manage the human side of business or be proactive in your risk management. Earn up to 21 PDUs and 2.1 Continuing Education Units (CEUs) while you learn with your peers in small-group, topic-intensive seminars that are aligned with the PMI Talent Triangle™.   Register by 20 February for early bird rates, and through 3 March, save on guest rooms at the Loews Hotel Vog
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Loews Hotel Vogue

SeminarsWorld® in New Orleans

14 - 15 August 2017 New Orleans Louisiana, United States

Early Registration: 3 July 2017


Join our expert SeminarsWorld® instructors in New Orleans to network and learn with your peers in small-group, topic-intensive seminars aligned with the PMI Talent Triangle™, while you earn up to 28 PDUs and 2.8 Continuing Education Units (CEUs). Register by 3 July 2017 for early bird rates, and through 23 July, save on guest rooms at the Loews Hotel New Orleans.
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Loews Hotel New Orleans

SeminarsWorld® in Miami

4 - 5 December 2017 Miami Florida, United States

Early Registration: 30 October 2017


Join our expert SeminarsWorld® instructors in Miami to network and learn with your peers in small-group, topic-intensive seminars aligned with the PMI Talent Triangle™, while you earn up to 28 PDUs and 2.8 Continuing Education Units (CEUs). Register by 30 October 2017 for early bird rates, and through 10 November, save on guest rooms at the Miami Marriott Dadeland.
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Miami Marriott Dadeland

Event Instructors

Instructor

Bradley Malone
PMP
Locations: Montreal, Orlando, Indianapolis, Philadelphia, Washington, New Orleans, Chicago, Miami

Bradley A. Malone, president of Twin Star Consulting Company, a project management and corporate transformation consulting company, has managed numerous large hardware, software development, and integration projects. He has directed many project management process implementation, and improvement efforts for major corporations. He develops and instructs training courses in basic and advanced project management skills, team building, and facilitation skills. He leads project management audit teams for commercial and government clients, and consults with a wide variety of customers on project and quality management implementation issues. Mr. Malone holds the Project Management Professional (PMP)® certification from Project Management Institute and is a certified Master Practitioner of Neuro-Linguistic Programming™.

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