Project Management for Non-Project Managers - Determining and Managing your Project Risk - The Risk Analysis

Effective risk management allows project management to identify the project’s strengths, weaknesses, opportunities and most importantly any threats that can impact the project. 

Project management must always plan for unexpected events and have contingency plans in place in the event bad things happen. To ensure any project’s success, the strategy for defining how risks will be handled must be pre-planned and ready to implement at a moment’s notice. 

Risk management is a project component that is often forgotten or ignored by project managers who substitute dreams of sugarplums dancing in their heads for the harsh realities of the tough world of managing projects. Risk is real and is lurking around every corner of the project.  Effective and successful project managers recognize that fact and that achieving a project’s end state depends on planning, preparation, results, and evaluation.  Resources available are limited – therefore a focused response to Risk Management is needed.

This webinar will discuss project risk – how to identify it, how to quantify it, how to mitigate it, and how to prevent it from being realized.  Developing and employing a risk analysis is fundamental to this management process and what makes risk management happen.

Areas Covered in the Session :

• Identify the project’s risks.
• Communicate about the risks inherent in the project..
• Recognize the difference between opportunity and threats
• Conduct the analysis – prioritize the risks.
• Assess the risks.
• Formulate responses to the risks identified.
• Formulate contingency plans for those risks that warrant it.
• Monitor and manage risks throughout the life of the project.

Who Should Attend:

Any member of a cross functional project team:

• Engineers
• Marketing Associates
• Product Managers
• Program Managers
• Contract Managers
• Project Managers
• Research & Development Associates, Managers, and Directors
• Manufacturing Managers
• Technicians
• Anyone that participates in or has the potential to manage team-based cross-functional projects.

This course crosses all industries and functions it is however particularly suited for the health sciences and other regulated industries where much project-based work is accomplished. The types of industries that are targeted include:

• Medical device manufacturers
• Pharmaceutical and Biotech organizations
• Cosmetic and foods manufacturers
• All other industries

VIEW COMPLETE COURSE DETAILS

Course Director: CHARLES PAUL

Charles Paul is an instructional designer and management consultant with over 30 years’ experience providing training and consulting services to regulated industries. He has installed quality systems and designed and developed GMP and operational documentation and training programs for foods and beverage, pharmaceuticals, biotech, cosmetics, and consumer product – OTC industries.