Risk Management 101 For Every Student, Project, And Business

Learn the fundamentals principles, processes and practices of project risk management defined in PRINCE2 and the PMBOK

What you'll learn

Master Project Risk Management Principles and Practices

Reduce Risk on Your Projects

Deliver Projects On Time, On Spec, On Budget

Deliver Great Product Value to Your Sponsors

Develop your Enterprise Risk Management plan (no matter how small your business)

Analyse your own 'enterprise' risks - no matter the enterprise

Understand the principles of Enterprise Risk Management for ALL sizes and types of business

Teach other stakeholders about the PESTLE model for analysing business risk

Earn 2 PMI Recertification Talent Triangle PDU

Download a PDF copy of Jeremy Farrell's 'Moving Back to the Future' as seen on Amazon

Requirements

There are no specific requirements to this Introductory course, however you may get the most value if your experience is that such as below:

Manager

Programme Manager

Project Manager

Consultant

Associate Consultant

Junior Project Manager

Project Management student

2 Years of working experience

Description

Risk Management is a PRINCE2, PMI, APM, and Agile, discipline which must be applied throughout your projects and business operations.This course tackles the discipline of Project Risk Management hand-in-hand with Enterprise Risk Management. PRM and ERM are essential for building competitive, agile, responsive, and resilient, companies in the new business environment.Disciplined Project Risk Identification, Risk Management, Risk Mitigation, and regular Risk Assessment is essential in any kind of project. This course addresses Project Risk Management with practical examples from across industries.We learned a lot during the pandemic about Enterprise Risk Management (ERM).  We learned that we certainly didn't know enough, do enough, and prepare enough!After this course you will:Increase project success by including Enterprise Risk Management in your project risk assessment,Communicate new threats identified or arising from your project activities and products to your ERM lead,Provide strategic insight to your Board and executives,Impress your stakeholders with your knowledge and passion for ERM,Open up new career opportunities for yourself.Project Risk Management ERM is an essential part of running any business - from the solopreneur to small business owner all the way to, yes, Enterprise Risk Managers :-) In fact, you can apply it to any social influencer, youtuber, podcast creator.Everybody trying to earn a living or make billions must apply the business-level risk assessment of threats from Politics, Economy, Society, Technology, and Environment.“The best possible plan today is merely a strawman that will need near-continuous recalibration and change.” McKinsey Risk Practice 5/21/2020Organisations operate in the most uncertain of environments. Uncertainty means unpredictability, and that involves risk. Managing risk at the enterprise level includes social, political, commercial, operational, regulatory, competitive, technical, and environmental risk categories. A working definition of Enterprise Risk Management (ERM) is ‘the methods and processes used by organisations to manage risks and seize opportunities related to the achievement of their objectives.’ (Wikipedia, June 2020)During and after the 2020/21 peak of the pandemic, manufacturing, food distribution, and medical supplies were severely disrupted. Social distancing rules caused many small businesses to close. Billions of dollars have been redirected from public sector projects or borrowed from the treasury, to support health services. Government financial assistance was keeping companies afloat. As we came out of the lockdowns, the marketplace had changed in many ways, and our enterprises must redefine and reposition themselves.This includes not only strategy, but Enterprise Risk Management like never before.Join me on this short, sharp, and effective overview of ERM.You can improve your learning experience by completing the PESTLE worksheet for a business you know as you go through each topic.*This course qualifies as 1 PDU for PMI Recertification requirements in the Business Acumen side of the triangle.

Overview

Section 1: A personal message at the end of 2022

Lecture 1 It's time to relax, refresh, renew and build resilience

Section 2: Project Risk Management

Lecture 2 Introducing Project Risk Management

Lecture 3 Introducing Project Risk Management Part 2

Lecture 4 The Importance of Risk Assessment and Risk Response

Lecture 5 The Risk Management Approach

Lecture 6 Introducing the Risk Strategy and Risk Register

Section 3: Explaining Enterprise Risks and the direct relationship to Project Risks

Lecture 7 Enterprise Risk Management is what it says on the can

Lecture 8 When the Exceptionally Improbable Happens with Extraordinary Impact - We Learn

Lecture 9 Introducing Noland University Case

Section 4: Political Risk

Lecture 10 Overview of Political Risk

Section 5: Economic Risk

Lecture 11 Overview of Economic Risk

Lecture 12 The Hospitality Industry PESTLE dilemma

Section 6: Sociological Risk

Lecture 13 Overview of Sociological Risk

Lecture 14 A Perfect Storm due to labour action in England in December 2022

Section 7: Technological Risk

Lecture 15 Overview of Technological Risk

Section 8: Legislative and Regulatory Risk

Lecture 16 Overview of Legislative and Regulatory Risk

Section 9: Environmental Risk

Lecture 17 Overview of Environmental Risk

Section 10: A Practical Example of where Enterprise Risk derailed a Project

Lecture 18 Introduction

Lecture 19 Risk Introduction Part 1

Lecture 20 The Bridge Part 1

Lecture 21 The Bridge Part 2

Lecture 22 They should have used PESTLE

Lecture 23 Risk Assessment

Lecture 24 Risk Log

Section 11: Conclusion

Lecture 25 In Conclusion

University students,Senior Project Managers,Project Managers,Department Managers,Business Leaders,Programme Managers,Business Students,Entrepreneurs