De-RISK management training

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Clearly identify your risks

Learn new techniques that will allow you to identify your risks and express them clearly and efficiently.

Visualise risk priorities

Introduce simple but effective visual risk profiling graphics that engage senior management.

Quantify financial impact

Discover how to quantify risks scientifically to model uncertainty appropriately.

De-RISK Training

A different way of training

The Problem

Despite utilising the latest Project Management techniques, most large, complex projects and programmes still do not meet their planned objectives either failing to deliver what was promised, sliding their timeframes or exceeding their budget or all three. Project Management techniques and tools are an essential part of delivering change but they are focused on measuring where the project has been and, at best, where it is now.

 

There is often very little forward view of the obstacles (or risks) that may be encountered in the future, and this is where ultimately all projects fail. Traditional approaches to Project Risk Management have been used in some form for many years to try and attain this forward-looking view. These techniques have had very mixed success.

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The latest approaches

This training course looks at the latest approaches to managing risk that have proved highly successful in delivering many diverse and challenging projects including the world’s largest bank merger integration programme and the largest IT driven change programme in Europe.

 

The course presents an end-to-end risk methodology (the ABCD method) that has been shown to work well in major programmes across all business sectors; in particular financial, public sector, automotive, aerospace, pharmaceutical, and many major outsourcing initiatives.

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Beyond training

Knowledge Transfer these skills to your organisation.

  • How would you like to able to clearly identify your risks – without ambiguity?
  • What if you could see your risk priorities visually?
  • What difference would it make to you if you could accurately quantify the financial impact of your risks?
  • How would your decision-making be changed if you could understand your probability of hitting key milestones?
  • What if you could clearly see what actions were required to get back on track – systematically quantified and prioritised?
  • Just think if your team were so bought-into the risk management process that they followed-through on risk actions – without having to push them?
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Who should attend and what will you learn?

Who should attend?

Project and programme managers and anyone with a major stake in significant procurement projects, including IT, change, construction and outsourcing. The course assumes a basic level of project management experience but previous risk management experience is not required.

 

What will you learn?

By the end of the programme delegates will :

  • Understand project and programme risk management and the value it can bring
  • Have an integrated methodology for the identification, prioritisation and mitigation of programme risks (ie ABCD)

The course will be structured to be approximately one-third presentation, one-third practical exercises and one-third highly interactive group sessions. The course material will include a complete slide-pack and a copy of “Fast Track to Success – Risk Management” by Keith Baxter.

 

Benefits to the organisation

Organisations will benefit by their employees being able to deliver major projects and programmes on time, within budget and with greater certainty that business objectives will be met. In addition you will be confident that you are fully complying with the recommendations of ISO 31000, AS/NZS 4360 or any other local or audit driven risk management initiatives.

 

Risk Tools

The Assure web-based tool will be used throughout the training course and will be available free of any licensing arrangements for 2 months following the course

Key learning points

The course will teach you how to…

Clearly define the nature of project risk

Understand the psychology of risk and risk management

See why and how traditional project management approaches fail

Identify project risks in a specific and actionable way

Manage risks (future problems) rather than issues (today's problems)

Link project objectives and plans to risks

Use project assumptions as the key to identifying risks easily

Analyse project assumptions for risk

Use the communication of assumptions as the primary way of reducing risk

Accurately prioritise risks for action and present visual risk profile summaries

Ensure that actions are taken and followed through

Spot when risk management approaches are not working effectively

Understand the psychology behind risk and what makes people uncomfortable

Spot when risk management approaches are not working effectively

Extend risk management from a single project to a multi-project environment

Quantify timescale and cost risk using ABCD Quality Based Costing (QBC)

Use QBC Monte Carlo analysis to model cost and timescale uncertainty

Establish the confidence levels in the project and how to improve them

It's time to empower your organisations

By evaluating your orgnaisations risks you will be in a position to quantify the outcomes of  projects