effective project risk management - quantumintl.net

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LEARNING OBJECTIVES At the end of this course, participants shall be able to: Define fundamental principles of risk management. Explain the benefits of effective risk management and the implications of poor risk management. Identify project risk. Conduct basic project risk analysis. Develop preliminary project risk response plan. Determine key principles to monitor and control project risk. Explain fundamental requirements for effective risk governance. Develop personal action plan to apply the skill acquired at workplace. OVERVIEW OF THE PROGRAM Traditionally majority of project decisions heavily favored cost and schedule. Alarming rate of project failure resulted in realization of requirement for risk management competency for project managers and their respective team members. Risk management involves minimizing the consequences of adverse events as well as maximizing the result of positive events. This course attempts to identify the requirements for project risk management. This leads to the development of a risk management roadmap, which will underpin the design and implementation of an intelligent risk mapping system. The outcome from this course will facilitate course participants to effectively manage project risk and contribute towards successful project management in their respective organization. DETAILS OF THE TRAINING Date: 12 th 13 th October 2015 Time: 9.00 am 5.00 pm Venue: CONCORDE Hotel, KL Fees: RM 1, 800.00 per pax (Inclusive GST 6%) TRAINING METHODOLOGY The workshop will be conducted in a highly interactive approach with real project case study and simulation of project scenarios. Relevant training video and reference material will be used to enhance teaching and learning. For any further information, kindly contact us at: Quantum Achievers International S/B Level 33-01, 33rd Floor Menara Keck Seng No : 203, Jalan Bukit Bintang 55100 Kuala Lumpur Tel: 03- 4131 2591/ 603-21165649 Fax: 603-21165999 ‘It is an unhappy fact of life that there are usually more things that can go wrong with a project than can unexpectedly go right’ John R. Schuyler EFFECTIVE PROJECT RISK MANAGEMENT Organized by: This Training is HRDF Claimable under SBL Scheme

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Page 1: EFFECTIVE PROJECT RISK MANAGEMENT - quantumintl.net

LEARNING OBJECTIVESAt the end of this course, participants shall be able to:

Define fundamental principles of risk management.

Explain the benefits of effective risk management and the

implications of poor risk management.

Identify project risk.

Conduct basic project risk analysis.

Develop preliminary project risk response plan.

Determine key principles to monitor and control project risk.

Explain fundamental requirements for effective risk governance.

Develop personal action plan to apply the skill acquired at workplace.

OVERVIEW OF THE PROGRAMTraditionally majority of project decisions heavily favored cost andschedule. Alarming rate of project failure resulted in realization ofrequirement for risk management competency for project managers and

their respective team members. Risk management involves minimizingthe consequences of adverse events as well as maximizingthe result of positive events. This course attempts to identify the

requirements for project risk management. This leads to the

development of a risk management roadmap, which will underpinthe design and implementation of an intelligent risk mapping system. The

outcome from this course will facilitate course participants to effectivelymanage project risk and contribute towards successful projectmanagement in their respective organization.

DETAILS OF THE TRAINING

Date: 12th – 13th October 2015

Time: 9.00 am – 5.00 pm

Venue: CONCORDE Hotel, KL

Fees: RM 1, 800.00 per pax

(Inclusive GST 6%)

TRAINING METHODOLOGY

The workshop will beconducted in a highlyinteractive approach with realproject case study andsimulation of projectscenarios. Relevant trainingvideo and reference materialwill be used to enhanceteaching and learning.

For any further information, kindly contact us at:

Quantum Achievers International S/BLevel 33-01, 33rd Floor

Menara Keck SengNo : 203, Jalan Bukit Bintang

55100 Kuala Lumpur

Tel: 03- 4131 2591/ 603-21165649

Fax: 603-21165999

‘It is an unhappy fact of

life that there are usually

more things that can go

wrong with a project than

can unexpectedly go

right’

John R. Schuyler

EFFECTIVE PROJECT

RISK MANAGEMENT

Organized by:

This Training is

HRDF Claimable

under SBL Scheme

Page 2: EFFECTIVE PROJECT RISK MANAGEMENT - quantumintl.net

How to Plan Risk Response?

Inputs required for effective risk response.Risk response strategies for threatRisk response strategies for opportunitiesResidual riskSecondary riskTriggersContingency planningFallback planningContingency reserveManagement reservePlan Risk response : case study

How to Monitor and Control Risk?

Objectives of monitor and control riskWorkaroundsRisk auditEarned value analysisRisk ReassessmentKey activities of monitor and control risk process.Outputs of monitor and control risk processMonitor and control risk : case study

Personal Action Plan

How to translate your knowledge and skill into action (within your circle of influence)

Fundamental Principles Risk Management

Definition of riskIterative risk management process

Benefit of Effective Risk Management

Proactive project managementOptimization of opportunitiesMitigation of threat

Implication of Poor Risk Management

Reactive project managementIncreased probability of project failure

How to identify project risk?

Input required for effective risk identificationWhat is a well defined risk?Common risk identification methods.Common risk documentation methodsRisk registerRisk identification : case study

How to Perform Risk Analysis?

Qualitative and quantitative risk analysisAssumption testingData quality assessmentHow to determine probability and impact?Risk rankingRisk register updatesExpected monetary value of risk.Risk Analysis : case study

DAY ONEDAY TWO

COURSE CONTENT

Page 3: EFFECTIVE PROJECT RISK MANAGEMENT - quantumintl.net

TRAINER’S PROFILEDr. J. Prebagaran PhD, PMP, MSc, BSc Ed (Hons), Dip Phy Ed, CT(USA) has 22 years of working experience in Management & Training. He

has served as a facilitator for major MNC, SME and government agencies inthe field of management, safety, quality and training. Dr. J. Prebagaran is aCertified Project Management Professional and Risk managementProfessional by Project Management Institute (USA). He is also a CertifiedTrainer by International Board of Certified Trainers (USA). He is an AdvancedTQM facilitator, ISO 9001:2000 QMS Lead Auditor and competent trainer forISO 14000.

Dr. J. Prebagaran has conducted various leadership and managementdevelopment training programs for government, multinational organizationsand international clients. Among the prominent satisfied clients from histraining program are Agilent Technologies, PETRONAS University, PT REAIndonesia (A public listed company in UK), Matsushita and MISC (MalaysianInternational Shipping Corporation).

He has attended training programs in USA, Germany and UK. Dr J.Prebagaranhas presented paper in national and international seminars in the field ofSafety, Quality and Management. He is a strong advocate of lifelong learning.His research interest is in management development and technologymanagement. His class will be full of energy and fun. He is an expert inadopting adult learning principles to ensure effective teaching and learningprocess.

Page 4: EFFECTIVE PROJECT RISK MANAGEMENT - quantumintl.net

R E G I S T R A T I O N F O R M

PARTICIPANT DESIGNATION EMAIL

ORGANISATION

CORRESPONDING ADDRESS

CONTACT PERSON SIGNATURE & COMPANY STAMP

TEL

FAX

EMAIL

TERMS & CONDITION FOR PRIVATE SECTOR The organisers reserve the right to stop any registered delegate from taking part

in the event if no proof of payment or an undertaking letter is presented. FOR GOVERNMENT SECTOR A Local Order (LO) or Letter of Approval to participate must be presented

before or during the event. CANCELLATION POLICY Registration cancelled 7 days prior to the event are subject to an RM110.00

service Charge per pax. There will be no refunds for notice received less than 7 days to the event. A substitute may be made at anytime at no extra cost.

REGISTRATION FEE RM1, 800.00 per delegate. (Inclusive GST 6%) The full fee is required with your registration 2 weeks prior to the training. The Fees include lunch, coffee/tea breaks and notes and Certificates.

GROUP DISCOUNT For group of FIVE (5) or more from the same organisation (same time and same billing source) will be given a 10% discount per group registration. Fees to include Lunch, Refreshments, Workshop materials and Certificate of Participation)

PAYMENT MODE All Bank Draft / Local Order / Cheques must be crossed and made payable to: Quantum Achievers International SDN BHD

All enquiries must be forwarded to: - Secretariat Quantum Achievers International S/B Level 33-01, 33rd Floor Menara Keck Seng No : 203, Jalan Bukit Bintang 55100 Kuala Lumpur Tel: +603- 4131 2591/ 603-21165649

Fax: 603-21165999 Email: [email protected]

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HRDF CLAIMABLE The Fee is Claimable from HRDF under SBL Scheme (Subject to HRDC Policies and Procedures)

No Siri: 864182-K

Organized by: