Impact of Not Managing Project Risks. Agenda Introductions & Announcements Learning Outcomes Understand the risk management cycle and treatment methods.

Slides:

Advertisements

Similar presentations

A Joint Code of Practice Objectives and Summary Presentation

Advertisements

Determining the Significant Aspects

Appendix H: Risk training slides (sample). What is Risk? “ Risk is the effect of uncertainty on objectives ” AS/NZS ISO31000:2009.

ELMBROOK MEMORIAL HOSPITAL PILOT START DATE 7/30/2012 – DAY SHIFT END DATE 8/29/2012- NIGHT SHIFT Fall Safety Huddles.

Page 1 County of Los Angeles Corrective Action Plan Program Enhancements John Sterritt CEO Risk Management.

Software Development Problems Range of Intervention Theory Prevention, Treatment and Maintenance Planning, Development and Use Cost of Intervention.

State/Urban Area Improvement Planning Conference.

Lucas Phillips Anurag Nanajipuram FAILURE MODE AND EFFECT ANALYSIS.

8 Managing Risk Teaching Strategies

Brian Markham Director, DIT Compliance and Risk Services May 1, 2014

NID Password Change Frequency PIC Submission dated 7/10/13 University Audit and Finance & Accounting Tax.

Don Cole Risk Assessment and Mitigation Project Management for ARA Engineers and Scientists.

Software Project Management

HIT241 - RISK MANAGEMENT Introduction

Risk Management - the process of identifying and controlling hazards to protect the force.  It’s five steps represent a logical thought process from.

Presented by: Meg Boyd The Blue Mountains Drinking Water System: DWQMS Overview.

© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

IT-301 Project Management I:

Risk Management Project Management Digital Media Department Unit Credit Value : 4 Essential Learning time : 120 hours.

Risk Management For the Board of The Law Society 16 February 2005.

Hartley, Project Management: Integrating Strategy, Operations and Change, 3e Tilde Publishing Chapter 10 Risk Management Proactively managing the positive.

Project Management By: Dr Madhu Fernando Project Risk Management

Security Policies and Procedures. cs490ns-cotter2 Objectives Define the security policy cycle Explain risk identification Design a security policy –Define.

11.1 Plan Risk Management The process of defining how to conduct risk management activities for a project Detailed risk planning enhances the overall probability.

Advanced Project Management Project Risk Management Ghazala Amin.

Lecture 7 Risk Analysis CSCI – 3350 Software Engineering II Fall 2014 Bill Pine.

Risk & Opportunity Management Putting theory into Practice Susy Austin MQM Business Consultant.

Lecture # 17 PRM 702 Project Risk Management Ghazala Amin

Developing a Sustainable Procurement Policy and Strategy EAUC – EAF Programme.

© The McGraw-Hill Companies, Software Project Management 4th Edition Step Wise: An approach to planning software projects Chapter 2.

CQI Define desire outcomes Measure current process Improvement plan Implement intervention Reevaluate Continuous Quality Improvement.

BSBPMG404A Apply Quality Management Techniques Apply Quality Management Techniques Project Quality Processes C ertificate IV in Project Management

An EDI Testing Strategy Rosemary B. Abell Director, National HIPAA Practice Keane, Inc. HIPAA Summit V October 30 – November 1, 2002.

Introduction to Project Management Chapter 9 Managing Project Risk

Project management Topic 5 Risk. What is risk? An uncertain outcome – either from a positive opportunity or negative threat Risk management is about:

University of Sunderland CIFM02 Unit 5 COMM02 Project Hazard Management and Contingency Planning Unit 5.

Chief Compliance Officer

BSBPMG407A Apply Risk Management Techniques Apply Risk Management Techniques Unit Guide C ertificate IV in Project Management Qualification Code.

BSBPMG508A Manage Project Risk Manage Project Risk Unit Guide Diploma of Project Management Qualification Code BSB51507 Unit Code BSBPMG508A.

Company LOGO. Company LOGO PE, PMP, PgMP, PME, MCT, PRINCE2 Practitioner.

Planning & Scheduling a Production Activity BRITA LYONS HEGARTY, MARKET KNOWHOW 16 TH NOVEMBER 2015 TRADEIT: SMART USE OF ITWORKSHOP.

Valiants Verify Compliance Program Judith W. Spain, J.D., CCEP ® Chief Ethics and Compliance Officer General Counsel (Effective March 2016) 1.

Internal Audit Section. Authorized in Section , Florida Statutes Section , Florida Statutes (F.S.), authorizes the Inspector General to review.

ON “SOFTWARE ENGINEERING” SUBJECT TOPIC “RISK ANALYSIS AND MANAGEMENT” MASTER OF COMPUTER APPLICATION (5th Semester) Presented by: ANOOP GANGWAR SRMSCET,

Managing Project Risk – A simplified approach Presented by : Damian Leonard.

KEVIN BEDAL LISA CARLIN MATT CARROLL ERIN NICHOLS Product Safety & Failure Analysis.

Risks and Hazards to Consider Unit 3. Visual 3.1 Unit 3 Overview This unit describes:  The importance of identifying and analyzing possible hazards that.

Campus Wide Safety Committee Initial Meeting 11/9/16

Lessons-learned Add Title

Iterative Risk Management Workflow Tool

Ranjan kumar Assistant Manager CCL,Ranchi

Risk Assessment Meeting

<Student’s name>

8 Managing Risk (Premium).

INSTRUCTIONS FOR NARRATION

ITPD ISSUE MANAGEMENT PROCESS SEPTEMBER 5, 2008

Software Life Cycle Risk Management

Risk Register I want to plan a project

Prioritization Tool.

PMI North Area PMP Exam Study Group

Enterprise Risk Management (ERM) at Clayton State University

Insert subhead here Project Status.

Project Management Process Groups

Assessing and Managing Risk

Risk Assessment PMO Briefing 31st January 2018.

This presentation has been prepared by Vault Intelligence Limited (“Vault") and is intended for off line demonstration, presentation and educational purposes.

Risk Title/Description

Risk Scoring: Likelihood Less than 10%

Program & Project Risks and Reporting with Oracle Primavera Cloud

Likelihood 4 Allow 8 Mitigate 12 Avoid 16 3 Accept Severity

Presentation transcript:

Impact of Not Managing Project Risks

Agenda Introductions & Announcements Learning Outcomes Understand the risk management cycle and treatment methods Understand the methods in building a risk register Understand the importance of risk management in a successful project Presentation Describe the project Review and discuss risk management cycle (identify exposures, quantify likelihood and impact, implement treatments, monitor) Group exercise in building a risk register Discuss results Discuss the impact to the project if your risk management cycle is not an important part of the plan How could this plan have been improved? + / Δ

Learning Outcomes Understand the risk management cycle and treatment methods Understand the methods in building a risk register Understand the importance of risk management in a successful project

Project Replace current information system for managing the University’s student conduct and behavior intervention cases. Supports all campuses (one code of conduct). Supports 200 staff and 500 RA’s and thousands of students using the self-service portal. Goals – Must support 100% paperless processes – Must support Federally mandated compliance reporting – Must support mobile users – Must have excellent support – Must have excellent uptime (99.99%) – Must support Shibboleth

Penn State Risk Management, Gary Langsdale, presented at EduCause.

Risk Management elements Reference: en.wikipedia.org under IT Risk Management

Penn State Risk Management, Gary Langsdale, presented at EduCause.

Risk ID Title and Description Impact Probability/Priority (Lo, Med, High) Date and Steps Taken to Minimize This Risk Individual Assigned to Own and Manage This Risk

From Wikipedia, the free encyclopedia - A wide range of suggested contents for a risk register exist and recommendations are made by the Project Management Institute Body of Knowledge (PMBOK) and PRINCE2 among others. In addition many companies provide software tools that act as risk registers. Typically a risk register contains:Project Management InstitutePMBOK A description of the risk The impact should this event actually occur The probability of its occurrenceprobability Risk Score (the multiplication of Probability and Impact) A summary of the planned response should the event occur A summary of the mitigation (the actions taken in advance to reduce the probability and/or impact of the event) The risks are often ranked by Risk Score so as to highlight the highest priority risks to all involved.

Your Turn Break into groups of 3 or 4 members. Build risk register for the “Birthday Party” project Show example and discuss each group’s risk register.

Group Exercise 1 – example of Risk Register for project “birthday party”

Your Turn Again Break into groups of 3 or 4 members. Build risk register for the “Student Conduct and Campus Safety software purchase and implementation” project Show example and discuss the group’s register.

We Did Not Plan For That To Happen Why? What did we do? How is it going now?