Live Webinar November 19th, 2014 – 11:00 am – 12:00 pm EST
Duration: 1 hour webinar Credits: 1 PDU Category A – Free PDU
Sponsored by: PMI Risk Management CoP (REP #S048)

Project Risk Covers More Than Uncertain Future Events

If you don’t recognise all the risks you end up taking them with your eyes shut. Find out what you’re missing, and discover the other types of risk that affect your project, together with practical strategies for addressing them.

The definition of risk in the PMI PMBoK Guide risk chapter includes more than uncertain future events that would have a negative effect on achievement of project objectives. The definition starts with the phrase “A project risk is an uncertain event or condition…” If we limit our view of risk to only look at one part of the risk picture, we’ll end up taking risks without knowing it.

This presentation explores the other types of risk that are usually missed from the typical risk process.

Drawing on leading thinking and current best practice, David Hillson explores the full range of project risks that need to be managed.

These include sources of variability (“aleatoric risk”), ambiguity (“epistemic risk”), and emergence (“ontological risk”), as well as future uncertain events (“stochastic risk”).

He also explains the new concept of “overall risk” which was introduced in the PMI Practice Standard on Project Risk Management (2009) but which is nearly always overlooked.

Finally the presentation reminds practitioners not to forget risks with positive impacts.

With clear illustrative examples of each type of risk, and practical response strategies for managing them, this presentation will help you to identify all types of risk that might affect your projects, and offers ways for you to tackle them effectively.

Presenter: Dr David Hillson (the Risk Doctor) will talk about how to make risk work in a way that is both sustainable and renewable. David is recognised internationally as a leading thinker and practitioner in the risk field, and has made several innovative contributions to improving risk management. David received the PMI Distinguished Contribution Award for his work in developing risk management over many years. David will give his view on the importance of facilitation skills for those involved in managing risk.

Note: You do have to be a PMI® member to register for this opportunity.

Click to register for How To Manage The Risks You Didn’t Know You Were Taking