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. The same is explained by real example of managing project via project management simulator SimulTrain(R). Simultrain(R) prepares managers to confront risks in real projects. Major conclusion is showing how managers do it in real projects every day.

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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