Online Webinar – Recorded – Dec 13, 2010
Activity Type: Education – Online or Digital Media 1 PDU – Free
Provider:  Eli the Computer Guy

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This class teaches students the basic concepts behind Risk Assessments. Risk is a business concepts not a technological one.

Topics Covered Defining Risk, Threat and Vulnerability Types of Protections Mitigation Concepts Business Rational for Risk Assessment and Management Class Notes Introduction

The better you know technology the better you will do with Risk Assessment/ Management. Risk Risk = Treat x Vulnerability Overview of Risk Risk is defined as the likelihood of financial loss.

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Introduction To Risk Assessment: An IT Perspective

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Online Webinar – Recorded – Jan 21, 2010
Activity Type: Education – Online or Digital Media 1 PDU – Free
Provider: Cambridge University

PDU Of The Day has published THOUSANDS of Professional Development Opportunities since our launch January 1st 2011.

These articles reflect the interests of Project Managers, Business Analysts, and agile professionals from over 150 countries.

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Lecture given by Professor David Spiegelhalter in the 2010 Darwin College Lecture Series on the topic of Risk.

There has been a traditional division between risk, which can be quantified using probability distributions, and uncertainty, which is the surrounding mess of doubt, disagreement and ignorance.

In well-understood situations we may be happy to quote reasonable odds for future events, and I shall look at ways in which these risks can be communicated visually.

When the problem is more complex, analysts may use a mixture of judgement and historical data to construct a mathematical model that can assess future risks, but deeper uncertainties may be glossed over.

Im This session David will use examples from swine flu to climate change to illustrate different approaches to dealing with uncertainty, from ignoring it to trying to fully quantify it, and conclude that we should all try to be aware and open about the magnitude and potential consequences of our ignorance.

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Risk: Trying To Quantify Our Uncertainty

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Online Webinar – Recorded – September 19th 2013
Activity Type: Education – Online or Digital Media 1 PDU – Free
Provider: ProjectManagement.com / Gantthead (REP #2488)
Once viewed your PDU Will automatically Be recorded with PMI®

PDU Of The Day has published THOUSANDS of Professional Development Opportunities since our launch January 1st 2011.

These articles reflect the interests of Project Managers, Business Analysts, and agile professionals from over 150 countries.

In the last two weeks of 2018, we are publishing some  of our readers & editors favorite recorded opportunities, as a special treat for our readers!

Each of these webinars is available online!

ProjectManagement.com / Gantthead premium content
Is available to PMI® members.

Identifying the root causes of project schedule and cost risk requires that the risk to the project schedule is clearly and directly driven by identified and quantified risks.

In the Risk Driver Method the risks from the Risk Register drive the simulation.

As a side note, Risk Registers are not complete – during the interviews to collect risk data the interviewees introduce important risks that are, surprisingly, missing from the Risk Register.

The Risk Driver Method differs from older, more traditional approaches in which 3-point (low, most likely and high) estimates of the activity durations are applied directly to activity durations.

The traditional 3-point estimate represents, often, the influence of several risks that impact the activity if they happen.

• • Therefore the importance of each risk cannot be individually distinguished and kept track of.
  • Also, since some risks will affect several activities, we cannot capture the entire influence of a risk using traditional 3-point estimates of impact applied to specific activities.

• The Risk Driver method allows us to specify the risks by their probability of influencing the schedule as well as the uncertainty of their impact if they do occur, and to assign the risks to all detailed tasks they influence.

3-point estimates have no clear way to represent the probability of a risks’ occurring so they miss one of the two important characteristics of the risks.

Correlation between activity durations is important in determining the possible date of completion if the organization wants a fairly conservative estimate, say at the 80th percentile (P-80).

With traditional 3-point estimates the correlation coefficients have to be estimated (guessed at) and applied between pairs of activities.

Using the Risk Drivers method correlation between activities’ durations is created during simulation based on a common risk (or common risks) affecting the activities. We no longer need to estimate the correlation coefficients with the possibility that the coefficients determine an inconsistent correlation matrix.

The basic benefit of the Risk Driver approach comes from the ability to identify, and hence prioritize the importance of risks (as distinguished from the importance of activities or paths in the traditional 3-point estimate approach). Hence Risk Drivers facilitates risk mitigation.

We do not mitigate activities or paths
We mitigate risks.

In order to determine which risks to mitigate we need to be transparent about which risks drive the results, hence the Risk Driver Method.

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Risk Driver Method In A Monte Carlo Simulation Of A Schedule

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Online Webinar – Recorded
Activity Type: Education – Online or Digital Media $12.95 USD PDU
Provider: Solutions Cube Group (REP 2451)

PDU Of The Day has published THOUSANDS of Professional Development Opportunities since our launch January 1st 2011.

These articles reflect the interests of Project Managers, Business Analysts, and agile professionals from over 150 countries.

In the last two weeks of 2018, we are publishing some  of our readers & editors favorite recorded opportunities, as a special treat for our readers!

Each of these webinars is available online!

This webinar is the First in a 4 part series series on Managing Risk by Solutions Cube.  Although this module is a part of the series – each module in the series can be taken individually.

Uncertainty Is Not The Same As Risk

As with many things in life, all projects are subject to uncertainty, however uncertainty is not the same as “risk”. Because all projects are initiated to produce change in the current environment, risk during the project lifecycle is a natural occurrence.

Project Risks can be negative “threats” to be minimized as well as positive “opportunities” to be exploited during the life of a project.

Effective Project Risk Management recognizes both types of risks and is the key contributor to “project success”, but effective Risk Management doesn’t just happen – it is orchestrated and managed throughout the project lifecycle.

The Risk Management Series of in depth webinars will introduce participants to techniques for defining a Risk Management Process and using this process to progressively build a Risk Register.

The Risk Register will include:

• Identifying risks using a Risk Meta-Language,
• Assessing Risks with quantitative techniques,
• Understanding the 8 risk responses and  selecting the appropriate Risk Response for the project risks
• Monitoring risks throughout the project.

In this 1 hour in-depth webinar participants learn:

• The difference between Project Risk and Uncertainty
• The value of including Opportunities and Threats in the scope of risk management
• How to recognize the characteristics of a successful risk management effort
• How to avoid factors that lead to failed risk management activities
• The steps for preparing to run a successful risk management effort

Solutions Cube Group’s Preparing for the Successful Risk Management Effort will help your project teams understand the characteristics of a successful risk management effort.

The sessions will share techniques that can be used on every risk management effort to understand the risk culture of an organization and achieve a more effective risk management effort that balances the impacts of project uncertainties with the effort needed to prevent or encourage the uncertain events.

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To resolve this issue simply click the “person” icon on the top of the course description page and either sign in or register.  You can then return to the course Description page and add the course to your cart.

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Preparing For Successful Risk Management

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