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Synopsis

According to statistics, only 20% of projects are named as successful with respect to all pre-defined objectives met. Project Managers blame on unexpected things happened like prices change, staff turnover, complicated processes or even policy changes.

How come such complaints arise after problems occur? It is no doubt that risks should be planned ahead, not just be managed. People become wiser after disaster but may not learn from mistakes. Risk management is an important module in all project management methodology, which appears in early stage — “Planning”. With a proper Risk Management Plan, the Project Plan can be implemented in more controlled manner.

Risk Management is a system process of identifying, analyzing and responding to project risks. It includes maximizing the probability and impact of positive events and minimizing the probability and impact of adverse events to project objectives.

Benefits of implementing Risk Management can be summarized below:

• More information is gathered => increase chance of project success
  • Discover the unknown => more in control
  • Project objectives are verified => better communication
  • Know what may happen => take early actions rather than ‘panic’
  • Cancels poor projects

Instructor’s Profile

Mr. Alex Sin PMP®, PMI-ACP®, PMI-PBA ®, ITSM® Manager, SAFe SPC®, ICP-ACC®, ATP Trainer (PMP)

Alex Sin is an independent consultant, comes 30 years of successful business experience, of which 14 years in IT services and 16 years in Learning & Development.

Alex Sin is a certified instructor in a number of areas including Management Development, IT Consulting and Project Management. Alex is certified as PMP®, PMI-ACP®, PMI-PBA®, ITIL/ITSM® Manager, SAFe(6)SPC, ICP-ACC well equipped with Methodology to deliver Consulting services. He is also a practitioner of MBTI® and DISC® well-known consulting tools.

Alex enriched his Project Management experience from large scaled projects like Libraries, EMSD and Companies Registry. Alex is the Vice President (2003-2023) of Project Management Institute Hong Kong Chapter. He used to take charge software development and the acceptance. He recently finished a virtualization project for a local telecom company. Alex offered important advice to internal system development including accounting, manufacturing, logistics and government industries. He regularly delivers Project Management related classes to the AP region and has trained more than 10,000 professionals.

Alex graduated from The University of Toronto with major in Computer Sciences.