Double the benefits of risk management by identifying and exploiting opportunities while mitigating threats.

There are many uncertainties that can affect the achievement of project objectives. These include threats that can harm project and opportunities that help us work faster, smarter and cheaper. While well-established techniques exist for managing threats, there has been no comparable approach for opportunities—until now! Although leading standards such as PMI’s A Guide to the Project Management Body of Knowledge (PMBOK^® Guide) include both threats and opportunities in their definition of risk, most processes have remained threat focused.

Using the proven techniques presented in this seminar, the traditional risk process can be extended to ensure that opportunities are maximized at the same time as threats are minimized, providing the best chance to meet project objectives. Take your risk process to the next level and double the benefit! 

A Guide to the Project Management Body of Knowledge (PMBOK^® Guide) areas covered: Risk Management

Who should attend?

• Anyone involved in a project that is subject to uncertainty
• Project managers who wish to learn how to manage opportunities proactively on their projects
• Risk practitioners who wish to extend their skills to handle upside risk
• Any project stakeholder with an interest in maximizing project success.

What will my seminar experience cover?

• A clear explanation of the principles of risk management, including the need to address both threats and opportunities proactively
• A detailed description of the risk process in the PMBOK^® Guide–Third Edition, emphasizing how to simultaneously address opportunities and threats
• Guidance on the use of key techniques for identification, qualitative and quantitative analysis, response planning and risk monitoring and control
• The examination of behavioral aspects of risk management, identifying and countering bias
• Practical exercises to illustrate key learning points
• A generic case study that enables participants to sample the process.

How will I benefit?
Develop and enhance the contributions you make to your organization by learning to:

• Recognize opportunities within your projects, and manage them proactively alongside threats, through a common risk process
• Develop effective techniques for identifying both opportunities and threats
• Prioritize opportunities and threats and determine those requiring focused attention
• Develop appropriate response strategies for identified opportunities and threats
• Ensure effective management of uncertainty and maximize the likelihood of achieving your project objectives
• Apply preferred risk psychology, revealing sources of bias and enabling them to be recognized and countered.

What instructional materials will be used?
Presentations, small-group work, personal exercises, class-led group discussion and a case study example.