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What is Advanced Project Risk Management?

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Beyond Execution
Beyond Execution

Looking for some feedback. This is just one viewpoint/opinion, so welcome others

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What is Advanced Project Risk Management? Rubin Jen, P. Eng, PMP Beyond Execution March 3, 2011
About The Speaker ,[object Object],[object Object],[object Object],[object Object],[object Object]
Agenda ,[object Object],[object Object],[object Object],[object Object]
What’s Your Opinion? ,[object Object]
Different Ideas around APRM Risk Database Probabilistic analysis Monte Carlo Insurance Attack Risk Visualization Confidence Levels Delphi Opportunity Management Risk Communication Issues Analysis Bubble Graphs Quantitative Analysis Risk Project Manager Audits Predictive Metrics Risk Breakdown Structure Range Estimates Risk Awareness Risk Tolerance Calibration Qualitative Analysis Lessons Learned Urgency Risk Reporting Enterprise Risk Management Monitoring & Control
Common Perception ,[object Object],[object Object],[object Object],[object Object],[object Object]
So, What Is It? ,[object Object]
Risk Management ,[object Object],[object Object],[object Object],[object Object]
Project Risk Management ,[object Object],[object Object]
What is “Advanced”? ,[object Object],[object Object],[object Object],[object Object]
Advanced Project Management ,[object Object],[object Object],[object Object],[object Object],[object Object]
Proposed APRM Principles ,[object Object],[object Object],[object Object]
Reduction of Uncertainty ,[object Object],[object Object],[object Object],Better Assessment
More Effective Response Plans ,[object Object],[object Object],[object Object],Better Decisions
Competency and Skills ,[object Object],[object Object],[object Object],[object Object],Better Performance
What should I know?
Define Your Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
APRM Outcomes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
APRM Outcomes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
APRM Outcomes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Implementation Costs ,[object Object],[object Object],[object Object]
How Can I Use It?
Choosing APRM ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Better Decision Techniques Decision trees Mitigation/contingency plans Attacking risk Risk breakdown structures Risk audits Delphi technique Increased identification Prioritization Graphical Collaborative Techniques Knowledge Transfer Simple Technique
Better Performance Techniques Heat map/bubble chart VIRT Team meetings Risk awareness Team involvement Training Prioritization Graphical Collaborative Techniques Knowledge Transfer Simple Technique
Better Assessment Techniques Urgency Weighted scoring Probabilistic analysis Range estimates Confidence level Increased range Monte Carlo Prioritization Graphical Collaborative Techniques Knowledge Transfer Simple Technique
Implementing APRM ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Are We Done Yet?
Summary ,[object Object],[object Object],[object Object]
Contact Information ,[object Object],[object Object],[object Object]

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What is Advanced Project Risk Management?

  • 1. What is Advanced Project Risk Management? Rubin Jen, P. Eng, PMP Beyond Execution March 3, 2011
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  • 5. Different Ideas around APRM Risk Database Probabilistic analysis Monte Carlo Insurance Attack Risk Visualization Confidence Levels Delphi Opportunity Management Risk Communication Issues Analysis Bubble Graphs Quantitative Analysis Risk Project Manager Audits Predictive Metrics Risk Breakdown Structure Range Estimates Risk Awareness Risk Tolerance Calibration Qualitative Analysis Lessons Learned Urgency Risk Reporting Enterprise Risk Management Monitoring & Control
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  • 16. What should I know?
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  • 22. How Can I Use It?
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  • 24. Better Decision Techniques Decision trees Mitigation/contingency plans Attacking risk Risk breakdown structures Risk audits Delphi technique Increased identification Prioritization Graphical Collaborative Techniques Knowledge Transfer Simple Technique
  • 25. Better Performance Techniques Heat map/bubble chart VIRT Team meetings Risk awareness Team involvement Training Prioritization Graphical Collaborative Techniques Knowledge Transfer Simple Technique
  • 26. Better Assessment Techniques Urgency Weighted scoring Probabilistic analysis Range estimates Confidence level Increased range Monte Carlo Prioritization Graphical Collaborative Techniques Knowledge Transfer Simple Technique
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  • 28. Are We Done Yet?
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Notas del editor

  1. How can we gain knowledge and skills? look at different industries - not just project management risk management was born from financial risk management - event management - reality tv shows (dinner impossible) - movie industry training habit experts