MasterClass: Risk for Portfolio, Program, Project and PMO Leaders, Managers and Analysts – From unAware to Highly Capable…

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Archive : MasterClass: Risk for Portfolio, Program, Project and PMO Leaders, Managers and Analysts – From unAware to Highly Capable… Digital Download
Delivery : Digital Download Immediately

Our in-depth masterclass contains 13 hours of video instructor-led guidance on techniques and tools

A companion to our Fast Track Risk – Crucial Competencies. Start there if all you need is structure start or return here if you need detailed ‘How-To’

Both are Real-World oriented. Both use the same slides and same Guidance workbook to take you step-by-step through creating a Risk Management Strategy, Risk Aware teams, Risk inclusive Business Case, Backlogs and Baselines.

Deeper and broader than exam coverage but exam compatible.

If you facilitate risk management, manage risk in a project, program, portfolio (or even in operations) or have PMO oversight duties or you have an investment where you need others to be risk aware and competent this is the course for you over all others with a similar title.

Bold claim! why? Well every other course I know says a risk is event and outcome with probability and if we multiply them we get expected value. This course says “that is so naive as to be largely useless. What we need is to recognise the complexity of multiple causes, multiple consequences each seen differently by each stakeholder and be equal to people’s self-interests, to risk sharing contract types, to integrating provision for issues (sic) into the baseline of day to day activities and final investment appraisal across mixed predictive and adaptive, iterative development methods in matched to what ever our industry’s norms are from nuclear to food and pharma, software, defence, petrochemicals etc”

Project participants and PMO staff with Risk Oversight roles facilitating or managing the risk process and investors owning the risks need to know the blend of roles, procedures, techniques and tools and “what to watch-out-for”. This course covers it with greater insight, depth and breadth.

The ‘standard texts (PMBoK-G, PRINCE2, MoR etc) just don’t cover it. Their authors copy each other. Once one got side tracked and forgot to tell us (if the ever really knew) HOW to do the Risk management job in the messy reality of a day-job so all the others followed with the same shallow advice. Somewhere they got confused into thinking that numbers are significant. Mostly they aren’t (but always people are) – Watch the intro video to get deeper exposure to better perspectives than the mainstream majority textbooks just repeat parrot fashion without thinking “how do we get better?”

Curriculum

[[ use DownArrow at ListEnd if only 1st 24 items shown]]

M0: Risk Management from unAware to Highly Capable (M0, v1-4, s1-5, 19mins)

 Free-AccessVideo: 1 Hello and Welcome M:0-s1 (+2) (0:50)

 Free-AccessVideo: 2 The real world – What do you see? M:0-s3 (2:38)

 Free-AccessVideo: 3 Our Journey – How this course approaches risk management facilitation M:0 s4 (8:33)

 Free-AccessVideo: 4 Contents, Structure & Objectives M:0-s5 (7:24)

 Startpdf Slides Download and Mobile-Friendly Hyperlinked, Animated, Graphics

 StartExercise and Case-Study WorkBook – Online and Downloadable formats

M1: Scene Setting – A Facilitators and Practitioner’s Overview of How-To Run the Risk Process Day to Day (M1, v5-12, s6-14, 68mins)

 Start5 Module Intro and The structured, procedural framework by which Risk Management steps are carried out day to day M1 s6-7 (10:09)

 Start6 Practitioner’s Day-to-day guide to Running Risk Planning Workshops – Aims and Conduct (Also see Module 17) – (M1 s8) (9:12)

 Start7 Day-to-day guide to Running Risk Identification Workshops – Aims and Conduct (See M 7 for Techniques and Tools) M1 s9 (11:59)

 Start8 Day-to-day guide – Running Risk Assessment Sizing and Prioritisation Workshops (See M 9 for Techniques & Tools) M1 s10 (6:53)

 Start9 Day-to-day guide – Running Response Development Workshops – Aims and Conduct (See M 10 T & T) M1 s11 (9:37)

 Start10 Day-to-day guide to 1-2-1 & Small group explorations of risk – Aims and Conduct M1 s12 (5:52)

 Start11 Day-to-day guide to routine maintenance of the risk register/backlog by PMO Analyst or Project-Program-Portfolio Manager M1 s13 (9:12)

 Start12 Guide to day-to-day baseline management for Risk monitoring, Re-assessment and Alternate responses selection M1 s14 (4:51)

M2: Understanding What Risk is (M2, v13-20, s15-22, 40mins)

 Start13 Recap the Day to Day and position the definitions coming next m2s15 (1:50)

 Start14 Describe Risk’s three parts M2s16 (4:38)

 Start15 Investor and Developer view-point and how AGILE affects perspective M2s17 (7:13)

 Start16 High risk or Fragile business case versus Low risk or robust promises M2s18 (3:19)

 Start17 Two parties at risk in DIFFERENT ways M2s19 (6:19)

 Start18 Governance and Scope of Risk for Investor and Developer M2s20 (7:13)

 Start19 Risk is the Emotion of Balancing Loss and Gain (and contracts) M2s21 (4:46)

 Start20 Good Risk facilitation requires awareness of Feelings M2s22 (4:34)

M3: Basic First Steps Good Risk Management Requires Everyone’s Awareness (M3, v21-27 s23-29, 53mins)

 Start21 Recap of so far and this Module’s Introduction M3 s23 (7:31)

 Start22 A Constant Need and 8 Steps M3 s24 (11:28)

 Start23 Attitude May Be Industry Specific M3 s25 (7:39)

 Start24 Awareness Is The Key To Risk Management M3 s26 (4:46)

 Startx25 Exercise 1 Intro: Risk Seeking Versus Risk Avoiding M3 x27 (11:03)

 Free-Accessx26 Exercise 1: What would You Do? Attitude to Risk M3 x28 (2:05)

 Free-Access27 Risk Attitude Workshops M3 s29 (8:04)

Module 4: Basic Characteristics That Are Key to Managing Risks Well (M4, v28-39 s30-42, 71m)

 Start28 Basic Characteristics Key to Managing Risks Well M4 s30 (0:17)

 Start29 Definitions: Threat Opportunity Bonus Windfall M4 s31 (4:38)

 Start30 Characteristics: Considering Impacts M4 s32 (8:06)

 Start31 Characteristics: Causes M4 s33 (6:21)

 Start32 Characteristics To Consider In Risk – Proximity M4 s34 (7:15)

 Start33 CauseS condition ConsequenceS C-C-C M4 s35 (5:23)

 Start34 Event Chains Choosing Mitigations & Possible Value of Categorisation M4 s36 (6:12)

 Start35 Cost Risk and Schedule Risk M4 s37 (5:59)

 Start36 From Certainty to Unknowable in Advance M4 s38 (5:53)

 Start37 Risk Management Ownership and Governance M4 s39 (7:57)

 Start38 Statistics, Can Stats Be Useful To Project Change’s Risk Management!? M4 s40-1 (8:22)

 Start39 EMV is Dangerous M4 s42 (4:56)

Module 5: Escalation and Links to Governance (M5, v40-46, s43-49, 37m)

 Start40. Escalation M:5 s43 (0:59)

 Start41. Definitions: Problem and Issue M:5 s44 (4:50)

 Start42. Treatable or Not Certain or Not Good or Bad Mandatory or Discretionary M:5 s45 (8:49)

 Start43. “Deliver The Result Not The Process” M:5 s46 (5:21)

 Start44. Problem vs. Issue Is A Governance Concept M:5 s47 (4:19)

 Start45. Governance Delivery Cascades From Policy M:5 s48 (7:21)

 Start46. Example Risk Policy M:5 s49 (4:55)

Module 6: Roles Responsibilities and Risk Ownership (Stake-holding) M:6, v47049, s50-53, 19m)

 Startx47. Exercise 2: Risk Ownership & Stake-holding RnR Ex M:6 s50-x51 (2:42)

 Start48. Risk Roles and Responsibility Template M:6 s52 (9:17)

 Start49. Roles Required in Risk Management M:6 s53 (and optionally Case-Study #1) (7:06)

Module 7: Risk Identification Procedures Tools & Tips (M:7 v50-62, s54-66, 55m)

 Start50. Risk Identification Procedures Tools & Tips M:7 s54 (0:50)

 Start51. First You Have To See The Risk! M:7 s55 (0:50)

 Start52. Proper Risk Description M:7 s56 (2:15)

 Start53. ‘Good’ Risk Description M:7 s57 (1:12)

 Start54. Identification’s Steps M:7 s58 (6:31)

 Start55. Techniques for Identification M:7 s59 (8:31)

 Start56. Logic Based Approaches M:7 s60 (6:11)

 Start57. Use of Techniques M:7 s61 (6:44)

 Start58. Prompt Lists M:7 s62 (5:13)

 Start59. Identification Should Not Do More M:7 s63 (3:03)

 Start60. Identification Workshop Preparation and Conduct M:7 s64 (3:50)

 Start61. Techniques and Tools: Risk Identification M:7 s65 (4:59)

 Start62. Checklists from Acronyms etc M:7 s66 (4:21)

Module 8: Recordkeeping M:8 s67-72 (8, v63-68, s67-72, 20mins

 Start63 Recordkeeping M:8 s67 (0:53)

 Start64 Risk Register Example From Industry (Too simple) M:8 s68 (3:52)

 Start65 More Sophisticated Risk Register Entry M:8 s69 (6:09)

 Start66 A25-Risk Register Product Description M:8 s70 (3:21)

 Start67 A24-Risk Management Strategy Product Description† M:8 s71 (2:41)

 Startx68 Case Study 2: Running A Risk Identification Workshop M:8 x72 (3:23)

Module 9: Assessment (Sizing Risks) M:9 v69-83, s73-88, 85mins

 Start69 Risk Assessment (Sizing) and Perception M:9 s73-74 (2:54)

 Start70 ‘Good’ Risk Assessment M:9 s75 (8:12)

 Start71 Assessment’s Pre-requisite And Steps M:9 s76 (6:36)

 Start72 Qualitative and Quantitative Assessment M:9 s77 (4:55)

 Start73 Two Aspects of Subjective Assessment M:9 s78 (6:11)

 Start74 (Visceral) Scales Help Consistent Assessment M:9 s79 (4:56)

 Start75 Assessment Needs Three Dimensions M:9 s80 (4:13)

 Start76 Probability of Occurrence M:9 s81 (5:57)

 Start77 3 4 and 5 Point Qualitative Assessment M:9 s82 (2:24)

 Start78 Probability Scale 1of2 M:9 s83 (5:11)

 Start79 Probability Scale 2 of 2 M:9 s84 (6:44)

 Start80 Normal Distribution M:9 s85 (9:01)

 Start81 Reporting Assessment M:9 s86 (2:58)

 Start82 Techniques and Tools: Risk Assessment M:9 s87 (5:53)

 Startx83 Case-Study #3: Building Risk Scales M:9 x88 (9:12)

Risk M10 s89-102Ex Risk Responses M10 V84-95, s89-102, 65mins

 Start84 Develop Response Options M:10 s89-90 (2:43)

 Start85 Where to Aim A Response M:10 s91 (6:50)

 Start86 Pain-Gain Share Contracts M:10 s92 (10:37)

 Start87 Responses Interact M:10 s93 (5:55)

 Start88 Responses To Outliers (and Factored value!) M:10 s94 (9:55)

 Start89 Business Case Impacts M:10 s95 (7:45)

 Start90 Categorisation May Help Response Development M:10 s96 (3:33)

 Start91 Affinity Response Identification by ‘Classification’ M:10 s97 (3:33)

 Start92 Where ‘Best’ to Address Each Risk’s Elements M:10 s98 (4:14)

 Start93 Threat Response Types M:10 s99 (3:47)

 Start94 Care-Caution-Alert-Alarm Response Hierarchy EG from industry M:10 s100-101 (4:34)

 Startx95 Exercise: Response Development M:10 x102 (1:47)

Module: 11: Prioritisation (Response Selection) M:11 v96-108, s103-115, 60mins

 Start96 Prioritisation (˜Response Selection) M:11 s103 (2:31)

 Start97 Risk Scoring and Ranking M:11 s104 (6:56)

 Start98 Text-Book Probability – Impact Grid (PIG) adapted from the PMBoK-Guide … M:11 s105 (4:13)

 Start99 Common Partial Risk Scoring Models M:11 s106 (8:46)

 Start100 Sample Threat Assessment Matrix From Oil Industry (Upstream) M:11 s107 (1:49)

 Start101 Prioritisation By Urgency Risk Timeframes M:11 s108 (4:09)

 Start102 Seriousness and Growth M:11 s109 (4:46)

 Start103 Arithmetic Selection Methods M:11 s110 (2:42)

 Start104 Decision Tree – A Numeric Example M:11 s111 (5:57)

 Start105 Payoff Tables M:11 s112 (6:40)

 Start106 Techniques and Tools: Risk Prioritisation M:11 s113 (2:40)

 Start107 Prioritisation of Resources Use: Enterprise+ Portfolio Program Project Team M:11 s114 (5:06)

 Start108 Exercise: and Selection Checklist M:11 s115 (3:40)

Module 12: Summary of Journey So Far and Now A Change of Direction M:12 v109, s116-118, 8mins

 Start109 Summary and Our Direction of Travel M:12 s116-118 (8:12)

Module 13: Allowances in the Measurement Baseline M:13 v110-129, s119-142, 117mins

 Start110 Allowances in the Measurement Baseline M:13 s119 (1:17)

 Start111 Projects Are Managed To A Baseline M:13 s120 (6:06)

 Start112 Overly Simple M:13 s121 (9:21)

 Start113 Two Types of ‘Additional†’ Allowances Contingency & Reserve M:13 s122 (3:54)

 Start114 Two Sources of Contingency M:13 s123 (10:01)

 Start115 (At Least) Three Types of Contingency M:13 s124 (6:15)

 Start116 PERT Formula M:13 s125 (3:50)

 Start117 PERT: Common Risk Inclusive Estimating Technique M:13 s126 (6:25)

 Start118 Uncertainty Decreases As… Improved Estimates M:13 s127-128 (6:19)

 Start119 More Realistic? Maybe Not Yet Be Sufficiently Practical! M:13 s129 (5:05)

 Start120 Sensitivity M:13 s130 (7:06)

 Start121 Path Duration With Fan-In M:13 s131 (4:25)

 Start122 Expressing Confidence M:13 s132 (5:41)

 Start123 QRA Monte-Carlo Simulation Example for Duration M:13 s133-134 (5:10)

 Start124 Building Burns-Downs or PMB or PV or the PC or the BCWS M:13 s135-136 (7:40)

 Start125 Showing Contingency and Reserves in the Cost & Schedule M:13 s137 (5:20)

 Start126 Theory of Constraints Buffers in the Schedule M:13 s138 (5:33)

 Startx127 Exercise: Consolidate Knowledge 3pt Estimat

Startx128 Optional Exercise: Cost Contingency M:13 x140 (9:34)

 Start129 Techniques and Tools: of Risk Inclusive Baselines M:13 s141 (3:56)

Module 14: Now We Manage It All ?! M:14, v130-132, s142-145, 6mins

 Start130 Manage It Al and After Preventative Measures M:14 s142-143 (2:18)

 Start131 The Risk Management Procedure M:14 s144 (1:13)

 Start132 Risk Responses In The Schedule M:14 s145 (2:52)

Module 15: Contingency Retirement and Reporting M:15, v133-140, s146-153, 65mins

 Start133 Contingency Retirement and Reporting M:15 s146 (1:22)

 Start134 Risk Reporting M:15 s147 (9:33)

 Start135 Reporting and Retirement M:15 s148 (2:50)

 Start136 Risk Reporting Needs M:15 s149 (9:17)

 Start137 Risk Reporting At Senior Levels M:15 s150 (10:30)

 Start138 Retiring Contingency Mechanics M:15 s151 (10:37)

 Start139 Presenting Contingency Disposition M:15 s152 (15:34)

 Start140 Reporting Risk M:15 s153 (4:51)

Module 16: Planning Risk Management M:16, v141, s154-156, 9mins

 Start141 Planning Risk Management M:16 s154-156 (8:33)

Module 17: Course Summary and Conclusions M:17, v142, s157-158, 6mins

 Start142 Course Summary and Conclusions M:17 s157-158 (5:49)

Your Instructor

Simon Harris

Hi,

I’m Simon, I’ve been using Complex Adaptive Systems and Agile concepts in IT and non-IT settings for a decade or more, doing projects for 30+ years and teaching project management for 20-plus.

I live in Edinburgh Scotland with my wife and two adult kids

Im a member of the Outcome Delivery Network sharing new, holistic thinking on achieving project success. I run an AXELOS “Accredited Training Organisation” which means I can book you onto their PRINCE2 and PRINCE2Agile exams for @Home exams anytime – Exam Booking details

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