Schedule
Project Risk Management
Online Registration & Payment
| Date: | 27 March 2021 |
| Time: | 9:30am – 5:30pm |
| Venue: | Nil (Online Training) |
| PDU: | 7 |
| Instructor: | Mr. Alex Sin |
| Fee: | PMI HK Member: HKD 1,800 Non-PMI HK Member: HKD 2,100 |
| Remarks: | As a prevention measure against the spread of COVID-19, The training will be delivered online with Zoom (Guideline). Please contact PMI HK admin at admin@pmi.org.hk or 2784 1880 |
Synopsis
From statistics, only 20% of projects are named as successful with respect to all pre-defined objectives met. Project Managers blame on unexpected things happened like prices change, staff turnover, complicated processes or even policy changes.
How come such complaints arise after problems occur? It is no doubt that risks should be planned, not just be managed. People become wiser after disaster but may not learn from mistakes. Risk management is an important module in all project management methodology, which appears in early stage — “Planning”. With proper Risk Management Plan, Project Plan can be implemented in more controlled manner.
Risk Management is a system process of identifying, analyzing and responding to project risks. It includes maximizing the probability and impact of positive events and minimizing the probability and impact of adverse events to project objectives.
A full-scale risk management plan will cover following major processes:
- Plan Risk Management
- Identify Risks
- Perform Qualitative Analysis
- Perform Quantitative Analysis
- Plan Risk Responses
- Monitor and Control Risk Responses
These processes interact with each other and with processes in the other Knowledge Areas. When proper risk management plan is in place, risks can be avoided, mitigated or transferred.
Benefits of implementing Risk Management can be summarized below:
- More information is gathered => increase chance of project success
- Discover unknown => more in control
- Project objectives are verified => better communication
- Know what may happen => take early actions rather than ‘panic’
- Cancels poor projects
Instructor’s Profile – Mr. Alex Sin, Vice President, PMI HK
PMP®, PMI-ACP®, ITIL/ITSM® Manager
Alex Sin is an independent consultant with more than 26 years of IT experience with expertise in Consulting, Project Management and Training. He is a certified instructor in a few areas including IT, Consulting and Management Development. Alex is well equipped with Methodology to deliver IT Consulting. He is also a practitioner of PDI, MBTI and DISC well-known consulting tools.
Alex enriched his Project Management experience from large scaled projects like Libraries, Electrical and Mechanical Services Department and Companies Registry. He recently completed a virtualization project for a local telecommunication company.
Alex is currently a VP Volunteer at Project Management Institute Hong Kong Chapter. Alex graduated from The University of Toronto with major in Computer Sciences and Mathematics.