Are you able to answer the following questions for each of your firm's projects?
What are your project risks?
Who is responsible for those risks/
What are the warning indicators?
What is the likelihood that an event will occur?
What is the potential magnitude for each risk?
What are the key assumptions that drive the risk event?
What is the best strategy for managing the risk?
This program was designed to present a process to help firms recognize, document, and mitigate project risk in eight steps. The purpose of risk analysis is to identify the cause, effect, and magnitude of the perceived risk and to develop and ultimately mitigate the uncertainty of the risk without any significant impact on the project objectives.
Who is this program for?
Firms that want to train their employees on the importance and use of project risk management
Firms that want tools and templates to develop their risk management process.
What does this program include?
Project Risk
What is risk?
Risk Drivers
Benefits of Risk Management
Risk Identification
2. Analyzing and Managing Project Risk
8 steps to analyzing and managing risk
Risk Analysis worksheet
Risk Log (Registers)
Prioritizing Risk
Monitoring Risk
3. What are you going to do?
It's iterative
Your next steps
About the Presenters
Patty Huntley, PMP, MBA Risk Manager of Loss Prevention and Client Education, AXA XL Design Professional Insurance
Patty Huntley, PMP, MBA is a Risk Manager for the North American design professional unit of AXA XL. Patty’s 35-year career includes an extensive background in the A/E/C industry. She began her consulting career in 1989 with an environmental engineering firm. Subsequently, she was an independent consultant for 14 years, and in conjunction with PSMJ Resources, Inc., she provided consulting services to the A/E industry with a focus on project delivery and program management. As a member of the DP Loss Prevention and Client Education team, Patty works with brokers, our insureds, and trade associations providing the resources and education to empower A/E industry professionals to effectively manage risk in design and construction. LinkedIn: https://www.linkedin.com/in/patricia-patty-huntley-8671948/
Jeaninne Ryan Senior Vice President and Client Executive, USI Insurance Services Jeaninne has been working with Northwest-based A/E/C firms to help manage their insurance and risk programs for the past 23 years. Jeaninne focuses on analyzing each client’s unique business issues and challenges to design the right program customized to each client’s needs, then representing them accurately and positively in the insurance marketplace to deliver highly customized solutions with measurable economic impact. From new venture formation, through all stages of business development, she works with companies to address strategic risk issues, whether they are local, stateside or international. Jeaninne works to properly align contractual obligations with insurance programs and focuses on counseling clients on matters related to unusual risks and mitigating uninsured risks.