PROJECT RISK MANAGEMENT USING ISO 31000

WE ARE NOW ALL VUCANS®
Project Risk Management Introduction (PRM)
5 Topics
Video: Project Risk Management Learning Objectives
Video: Course Textbook (Optional)
Video: PRM Course Organization
Video: Develop a Project Risk Journal
Video: Have Fun – Reach Out
Module 1 – Uncertainty, Disruption, and Risk
12 Topics | 1 Quiz
Video: Uncertainty and Risks
Video: Why are Global Uncertainty and Risks Increasing?
Video: What are Geo – Political Risks?
Video: Why are Geo – Economic Rules Changing?
Video: Why is Uncertainty and Risk Analysis – Not Perfect?
Video: Story: British Petroleum Oil Spill in Gulf of Mexico
Video: Story: Boeing Airplane Risk
Video: Global Risk Challenges/Responses
Video: Recommendation: Attacker’s Advantage Book
Video: Exercise – Try This With Any News
Read article: Coronavirus Pandemic Unknown Risk – John Ayers
Read article: Food is the Mother of all Risks
PRM – M1
Module 2 – You’re Now a VUCAN®
15 Topics
Video: Examples of Living in an Age of Uncertainty and Disruption?
Video: What is VUCA?
Video: Why Are We All VUCANs?
Video: We’re Now All Risk Managers
Video: Managing Complexity/Volatility/Risk
Video: Project Risk Management is About Risk Based, Problem Solving (RBPS)
Video: Project Risk Management is About Risk Based, Decision Making
Video: What is Risk Based Thinking?
Video: Story: Future of Work
Video: Getting Personal About Disruption
Video: How Do You Make Things Happen?
Read article: How to Adapt to a VUCA Environment
Read article: The Unpredictability of Uncertainty – Geary Sikich
Read article: The Antidote to VUCA is OODA – Joseph Paris
Read article: Reskilling for the VUCA Century – Bob Leonard
RISK BASED PROBLEM SOLVING AND DECISION MAKING
Module 3 – VUCAN® Decision Making
13 Topics
Video: What Are Your Personal Differentiators?
Video: VUCAN Decision Making: Volatility (1)
Video: VUCAN Decision Making: Uncertainty (2)
Video: VUCAN Decision Making: Complexity (3)
Video: VUCAN Decision Making: Ambiguity
Video: Why Is Decision How to Decide Important?
Video: What are Risk Based, Decision Making Traps?
Video: What are Risk Based, Decision Making Biases?
Video: Do You Know Your Biases?
Read article: Improve Decision Making With Statistics
Read article: All Risk Is Personal
Read article: Poor Strategy or Uncontrollable Forces
Read article: How to Prepare for Big Decisions – Andrew Sheves
Module 4 – Project Risk Management
8 Topics
Video: Why Manage Project Risk?
Video: What Does Project Risk Management Really Mean?
Video: Story: Project IT Risk
Video: What Does Project Success Look Like?
Read article: Great Project Management Reduces Risks
Read article: ‘A’ to ‘Z’ to ‘A’ of Project Delivery – Malcolm Peart
Read article: Read Top 5 Principles for Project Management Success
Read article: Project Management Needs Constant Gardening
RISK TAXONOMIES
Module 5 – What Is Risk?
16 Topics | 1 Quiz
Video: What Is Risk? – Event Based – COSO Definition
Video: What Is Risk? – Event Approach
Video: What is Risk? – Objective Based
Video: What Is Risk ISO 31000 Definition
Video: What are Upside and Downside Definitions of Risk?
Video: What are Others Words for Risk?
Video: What Are Risk Factors?
Video: What are the Project Triple Constraints?
Video: What are Project Cost Risks?
Video: What are Project Quality Risks?
Video: What are Project Time (Schedule) Risks?
Video: Story: Risks of Event Approach
Read article: What is Risk?
Read article: Redefine Risk In the Face of the Unknown – Daniel Burrus
Read article: Black Swans or Just Wishful Thinking and Misinterpretation – Geary Sikich
Read article: Uncertainty is Opportunity
PRM – M5
Module 6 – Risk Management
16 Topics
Video: What are Operational Risk Levels?
Video: What are Types of Project Risks?
Video: What are Additional Project Risks?
Video: What is Risk Management?
Video: What is Risk Management? COSO Definition
Video: What is Enterprise Risk Management?
Video: Story: What are Black Swans?
Video: What are Causes of Project Risk?
Video: What are Project Risk Regulations?
Video: Story: Toyota Project Risk Approach
Video: Story: What is Enterprise Risk Management?
Read article: What is Risk Management?
Read article: All Management Is Risk Management – Howard Wiener
Read article: How to Start an ERM Initiative – Geary Sikich
Read article: How to Manage Known Risks – John Ayers
Read article: ERM at Paychex – Frank Fiorille
Module 7 – Risk Management Frameworks
20 Topics | 1 Quiz
Video: What is Governance, Risk and Compliance (GRC)?
Video: What is a Risk Management Framework?
Video: What is the COSO Risk Management Framework?
Video: What is the NIST AI Risk Management Framework?
Video: What is the NIST Cybersecurity Framework?
Video: Story Architect, Design, Deploy, Assure (ADDA)® (1)
Video: Story: Architecting Risk Management Frameworks (2)
Video: Story: Designing Risk Management Frameworks (3)
Video: Story: Deploying Risk Management Frameworks (4)
Video: Story: Assuring Risk Management Frameworks (5)
Video: RMF’s Can be Used to Manage Different Project Risks
Video: What RMF to Choose?
Video: How to Integrate and Deploy ERM to RM Framework
Video: Case study: ERM In Government
Video: What are Challenges to Using RMFs? (1)
Video: What are Challenges to Using RMFs? (2)
Read article: NIST Cyber Security Framework
Read article: Decision Making Agility
Read article: Waterfall (framework) Contribution to Agility
Read article: How To Merge Waterfall and Agile Methodologies
PRM – M7
Module 8 – ISO 31000 Risk Management Framework
10 Topics
Video: What is the ISO 31000 Risk Management Framework? (1)
Video: What is the ISO 31000 Risk Management Framework (2)
Video: What are the Key Elements of ISO 31000?
Video: What is ISO 31000 RMF Process?
Video: What are the ISO 31000 Management Principles
Video: What are ISO 31000 Benefits?
Video: What are ISO 31000 Challenges?
Video: What is the logic of a Risk Framework?
Read article: Did the Titanic Follow ISO 31000 Risk Guidelines – David Patrishkoff
Read article: Using ISO 31000 in Drinking Water – Annette Davison
Module 9 – Risk Based, Decision Making Overview
10 Topics
Video: What Does the RBDM Process Look Like?
Video: Reaching Your Goals Using RBDM
Video: What is RBDM Analysis and Treatment?
Video: What is RBDM Treatment?
Video: What is RBDM Bias?
Video: What are RBDM Assumptions?
Video: What are RBPS/RBDM Benefits?
Read: Risk Fear Connection to Decision Bias
Read article: Strategy + Execution = Success – Patrick Ow
Read article: Faulty Strategy or Faulty Execution – Patrick Ow
ISO 31000 RISK MANAGEMENT FRAMEWORK
Module 10 – Communicate and Consult (ISO 31000)
10 Topics | 1 Quiz
Video: Why Manage Project Risk?
Video: What are Key Risk Communication Questions?
Video: Who are Project Stakeholders, Users, and Interested Parties?
Video: How to Understand Stakeholder Requirements?
Video: How to Implement Risk Communications Strategy?
Read article: Project Communications – Malcolm Peart
Read article: Ugly Communications – Malcolm Peart
Read article: Project Dashboards – Malcolm Peart
Read article: Value of Communications: Dollars and Sense – Malcolm Peart
Read article: Communication Failure – Malcolm Peart
PRM – M10
Module 11 – Establish the Context (ISO 31000)
16 Topics | 1 Quiz
Video: How is VUCA Changing Organizations?
Video: Why is Understanding Context Worth 20 IQ/EQ Points?
Video: RMF Architecture and Design
Video: What are Different Types of Context?
Video: Why do Culture and Context Rule?
Video: Mapping ISO 31000 to the PMBOK
Video: RBDM/RBPS are Contextual
Video: Exercise: What is Your Risk Tolerance?
Video: What are the 3 Common Types of Project Risks?
Video: What is the Project Risk Management Adoption Curve?
Video: What are Project Risk Levels?
Video: What are Cascading Risks?
Read article: Project Stakeholders: Friends, Foes, or Fickle
Read article: Risk Management, Blame Allocation, Biased Opinion or Objective Reality – Malcolm Peart
Read article: What is Collateral Risk? – Geary Sikich
Video: What are Additional Project Risks?
PRM – M11
Module 12 – Set Project Objectives (ISO 31000)
11 Topics
Video: What Makes a Project Succesful?
Video: What is a Successful Project? (1)
Video: What is a Successful Project? (2)
Video: What Matters in Your Project?
Video: Defining Project Objectives
Video: What are SMART Objectives?
Video: Deploying Project Objectives
Video: What is a Project Risk Register?
Read article: Project Risk Best Practices
Read article: Key Performance Indicator Practices You Need to Know
Read article: If Yes is NOT a Yes: Then It is a Risk
Module 13 – Identify Risks (ISO 31000)
47 Topics | 1 Quiz
Video: Qualitative Risk Analysis
Video: RBDM Quant Analysis
Video: Quantitative Risk Analysis
Video: Differences between Qualitative and Quantitative Analyses
Video: What is a Heat Map?
Video: What is a Heat Map: Defining the Objective? (1)
Video: What is a Heat Map: Identifying Process/Program/Project Owner? (2)
Video: What is a Heat Map: Level of Analysis? (3)
Video: What is a Heat Map: Defining Risk Description? (4)
Video: What is a Heat Map: Analyzing Risks? (5)
Video: What is a Heat Map: Risk Assessment and Analysis (6)
Video: Map Risks to Objectives
Video: Mapping Risks to Objectives
Video: Key Questions to Select Project Risk Objectives
Video: What are Types of Project Risks in a Heat Map? (1)
Video: What are Types of Project Risks in a Heat Map? (2)
Video: Several Risk – Control Objective Tips
Video: What is the Project Management Lifecycle? (1)
Video: What is the Project Risk Management Curve? (2)
Video: Shaping the Risk Investment Curve
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Module 14 – Analyze Risks (ISO 31000)
26 Topics | 1 Quiz
Video: Using ADDA in Your Risk Analysis
Video: What is the Key Project Goal?
Video: What are Critical Risk Analysis Questions?
Video: What are the Key Risk Analysis Questions? (1)
Video: What Are the Key Risk Analysis Questions (2)
Video: Story: Heat Map Uses
Video: How to Analyze Risk Likelihood/Consequence?
Video: What Do Heat Map Numbers Mean?
Video: What are RBDM Benefits? (1)
Video: What are RBDM Benefits? (2)
Video: Risk Map Structure
Video: Reviewing Risk Levels
Video: What are Risk Likelihood & Consequence?
Video: Review of Risk Assessment Chart?
Video: Going Deeper into the Heat Map
Video: Going Deeper into Risk (Heat) Maps
Video: What are Risk Likelihood Numbers?
Video: What are Risk Likelihood Levels? (1)
Video: What are Risk Likelihood Levels? (2)
Video: What are Risk Likelihood Levels? (3)
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Module 15 – Evaluate Risks (ISO 31000)
45 Topics | 1 Quiz
Video: What is Project Risk Control? (1)
Video: What are Positive Controls?
Video: What is Project Risk Control? (2)
Video: What is Project Risk Control? (3)
Video: What is Risk Control by Organizational Level of the Risk? (3)
Video: What are Soft/Hard Risk Controls? (2)
Video: What are Risk Controls by Project Lifecycle Phase? (4)
Video: What Are Key RBDM Decisions to Consider?
Video: What are Preventive/Detective Risk Controls? (7)
Video: What are Types of Risk Documentation?
Video: What are Controls by Type of Risk?
Video: What is the Risk Control Philosophy?
Video: What are Key RBDM Decisions to Consider? (1)
Video: What are Key RBDM Decisions to Consider? (2)
Video: What is Residual Risk? (1)
Video: What are the Critical Few Risks?
Video: What is the Right Risk Control Balance? (3)
Video: Casestudy: Katrina Buying Down Risk Through Risk Controls
Video: Risk Profile Maps (1)
Video: Risk Profile Maps (2)
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Module 16 – Accept Risks (ISO 31000)
12 Topics
Video: Story: VUCA and Munch’s Scream
Video: What is RBDM Risk Tolerance?
Video: What are Critical Risk Tolerance Questions?
Video: Risk Appetite and Heat Map Rules
Video: What is the Risk Treatment Logic?
Video: What is the Balance Between Risk and Control? (1)
Video: What is the Balance between Risk and Control? (2)
Video: What is Acceptable Residual Risk?
Video: Examples of Unacceptable Residual Risk
Video: What is a Key RBDM Question That Needs Answering? (3)
Read article: Fear Risk Bias in Decision Making
Read article: Have the Faith to Seize Opportunities – Patrick Ow
Module 17 – Treat Risks (ISO 31000)
30 Topics | 1 Quiz
Video: What are Risk Treatment Strategies?
Video: What are Critical RBDM Questions?
Video: What are Examples of Risk Treatment?
Video: What are Risk Treatment Options?
Video: What are Examples of Risk Acceptance? (1)
Video: What are Examples of Risk Acceptance? (2)
Video: What are Examples of Risk Avoidance? (1)
Video: What are Examples of Risk Avoidance? (2)
Video: What are Examples of Risk Sharing? (1)
Video: What are Examples of Risk Sharing? (2)
Video: What are Examples of Risk Mitigation? (2)
Video: What Are Examples of Risk Mitigation (2a)
Video: What are Examples of Risk Mitigation? (3)
Video: What are Examples of Risk Mitigation? (1)
Video: What are Examples of Risk Mitigation? (1)
Video: What are Project Design Controls?
Video: What are Additional Project Design Controls?
Video: What are Project Treatment Questions? (2)
Video: What are Additional Project Treatment Questions? (2)
Video: Key Risk Treatment Questions
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Module 18 – Record and Report Risks (ISO 31000)
16 Topics | 1 Quiz
Video: What Stakeholders Want?
Video: What Information Do Stakeholders Want and When?
What are Key Reporting Questions?
Video: What are Key Reporting Questions? (2)
Video: What are RBDM Communication Rules?
Video: What is a Risk Information Loop?
Video: Example: Public Relations
Video: Example: Anger Management
Video: Example: 4P’s
Video: Example: Emergency Communications
Video: When Should Risk Controls be Re-Evaluated?
Video: What to Do If There’s a New Objective?
Video: Who Get Critical Information?
Read article: Selecting Board of Directors – Jignesh Padia
Read article: GM Board Risk Committee – Greg Hutchins
Read article: Making Risk Management Less Risky with Anticipation – Daniel Burrus
PRM – M18
Module 19 – Monitor and Review RMF (ISO 31000)
14 Topics | 1 Quiz
Video: What Does Project Closure Mean?
Video: What are Project Critical Success Factors?
Video: What are Types of Monitoring? (2)
Video: What are Types of Monitoring? (1)
Video: What are Levels of Monitoring?
Video: What are Risk Monitoring/Review Triggers?
Video: Project Risk Monitoring and Control Reviews
Video: Example: Status Risk Reviews
Video: Status What are Mitigation Status Risk Reviews?
Video: When to Re-Evaluate (Monitor) Risks?
Read article: Value Added Auditing – Greg Hutchins
Read article: Value Added Auditing in Healthcare – Ted Schmidt
Read article: Guidelines for Auditing Management Systems ISO 19011 – James Kline
Read article: Trust But Verify – J. P. Russell
PRM – M19
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Video: Qualitative Risk Analysis

PROJECT RISK MANAGEMENT USING ISO 31000 Module 13 – Identify Risks (ISO 31000) Video: Qualitative Risk Analysis

Why This Matters: In this course, we use qualitative risk analysis. Why? It is simple. It is pretty accurate. It fits into ISO 31000 RMF well.

Project Question: Provide 2 examples of qualitative risk analysis. Discuss the advantages and disadvantages of qualitative risk analysis.

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