Webinar – Improving Project Success through Project Risk Management

Overview :

The project Management Institute found that projects with a sound risk process have:

• 15% higher success rate.
• 17% increase in cost efficiency
• 15% increase in schedule efficiency

90% of the project problems can be foreseen through institutionalizing sound project risk management techniques. Unfortunately, Project Risk Management has not got the attention and resource it deserves. Proactively identifying and controlling risk greatly improves compliance to Scope, Schedule and Budget as well as reduces the firefighting time. Project Risk Management is too important to ignore, it is a direct addition to bottom line of the company.

Course Objectives :

This course focuses on improving the participant’s risk management expertise, from initial planning through project closure. Participants will apply all course principles to a work-related case study taken directly from their work environment. At course completion, participants will be able to identify, analyse, respond to and control project risks.

Course Content :

Risk Management Overview

• Risk Management Benefit and Uses
• Project Risk Management
• Project Management Life Cycle

Identifying Risks

• Identify Risks
• Delphi Technique
• Subject Matter Expert Input
• Brainstorming
• Fishbone Diagrams
• Process Analysis
• Risk Breakdown Structure (RBS)
• Risk Register

Executing, Monitoring and Controlling

• How, What & When
• Control Risks
• Project Monitoring

Risk Management Life Cycle

• Plan Risk Management
• Scope Risks
• Schedule Risks
• Resource Risks
• Risk management Methodology

Analyze Risks

• Perform Qualitative Risk Analysis
• Probability and Impact Assessment
• Probability and Impact Chart
• Perform Quantitative Risk Analysis
• Expected Monetary Value (EMV)
• Monte Carlo
• Plan Risk Responses
• Risk Response Strategies
• Overall Project Risk
• Checklists

Closing Risk Management Process

• Closing Process Group Overview
• Post-Project Risk Assessment

Who should attend ?

This course is designed for all project managers and project team leaders, Finance Lead, Risk managers.

What are the benefits of attending the workshop ?

After the workshop the participant will be equipped to do:

• An Objective assessment of Project Risk Management Process
• Proper accounting of project risks and uncertainties
• An evaluation of investment decisions
• Contingency planning
• Create Risk Response

Methodologies :

The Course delivery will be interactive. It will have a blend of live examples, Case studies, Scenarios, Videos, Surveys & Games to facilitate effective learning

• Experiential Learning
• Experience Sharing
• Insightful Sessions +++++

Speaker :

Bishram is a B.Tech., PGDBM(XLRI), CFA, Ph.D. Bishram has over 30 years of practice in leading corporates like Tata Consulting Services, as a Sr. General Manager & Lionbridge Technologies, a US MNC, as a Vice President India Operation, where he managed a business of Rs 250+ crores and over 1000 resources. During his long stint in senior management he managed Profit & Loss of a Business, Delivery & Operations, Recruitment & HR, Solutions, Sales & Quality in industry segments like Manufacturing, Retail, Transportation, Healthcare, Banking & Financial Services etc. He is a Growth & Turnaround Strategist & Execution Expert for Outsourcing, Offshore Development Center, and Captive Center, Startups, Software and Services outfits, setting up Outsourced Development Center.
For the last 10+ years, he is prominent as a Director & CEO of Vision2Value Services Private limited. He is adroit at providing Consultancy and Training Services in the areas of Continuous Performance Improvement using LEAN, Theory of Constraints and soft issues like leveraging Emotional intelligence & Mindfulness. He is a visiting professor at NMIMS university, NITIE, VJTI & ITM Business Schools. He has authored a book “How to become rich & happy”.

Contact Details :

Chetna Surti 
Email : chetna.surti@bombaychamber.com
Tel – 49100228, 98926 86418