Why should we manage risks in our projects. A presentation by I. Kochkarov, PMP

1. What is
Risk Management
?!

2. Risk Management
42,555
Books on
amazon.com 1
1 June 2nd 2015

3. Books advise
Professionals do

4. Risk Management
is the identification, assessment, and prioritization
of risks to minimize, monitor, and control the
probability and/or impact of unfortunate events or
to maximize the realization of opportunities.
 Wikipedia.org

5. Explain this to
NORMAL
PEOPLE

6. What
IS NOT
Risk Management ?

7. Project Risk Management
IS NOT ONLY A LIST OF RISKS
It is a Culture

8. IS NOT A MAGIC FORMULA
It is a result-oriented approach
Project Risk Management

9. IS NOT COMPULSORY
However, it is extremely efficient practice
Project Risk Management

10. Is Not Compulsory ?
 39% of project with budgets over US $10 million failed 1
1 The Standish Group, “CHAOS 2007 REX: A Standish Group Research Exchange.” 2007.

11. 1 PMI’s Pulse Of The Profession® 2015
Risk Management is Profitable

12. IS NOT A SCIENCE
It is what risk-averse managers do
Project Risk Management

13. What
do
they
DO ?

14. Risk Management. How?
Just Do It Every Day

16. Managers Identify Risks

17. Managers Analyze / Prioritize

18. Managers Plan Response

19. Managers Monitor Risks

20. Managers Control Risk Budget

21. Project Risk Management is
WHAT PROJECT MANAGERS DO EVERY DAY!

22. “ Learning is
EXPERIENCE.
Everything else
is just
information. ”
~ Albert Einstein

23. SimulTrain®
Risk Management
EXPERIENCE
simultrain.com
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