How risky is your project? (and what are you doing about it?) (42:11)

The answers to these two vital questions will not be found in your Risk Register or risk reports. Overall riskiness is more than the sum of individual threats and opportunities. Most risk processes focus exclusively on individual risks and fail to identify or proactively manage overall risk exposure. In this webinar, David Hillson clarifies the concept of overall project risk, explains its importance, and outlines how it can be identified, assessed and managed. Discover how to broaden your risk approach so you’ll know how risky your project is and what you can do about it.


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Black Swan Hunting (41:09)

Many future uncertainties are unknowable, leading to emergent risks that catch us unawares. These risks are popularly known as Black Swans, and David Hillson explains how to spot them coming and develop robust responses. Resilience is the key, building flexibility and capacity into our organisations and projects, so that we can bounce back to success, even if a Black Swan emerges in our midst. Unknowable does not mean unmanageable!


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Managing risk in complex megaprojects (43:44)

Are complex megaprojects more risky? Are they exposed to different types of risk? Does risk management work for complex megaprojects? David Hillson suggests development of “project continuity management”, using built-in flexibility and resilience to cope with emergent risk, alongside traditional risk processes to deal with more typical risks. This works just as well for non-complex normal-sized projects! Why not give it a try?


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Managing risky change (45:05)

Change is risky, and change management aims to ensure successful change. But change remains challenging, and often fails to deliver the expected benefits. Discover how a risk-based approach to change management can address both vulnerable process elements and risky people aspects, and maximise the probability of success for your changes. This 45-minute talk was presented at the PMI EMEA Congress in Rome in May 2017.


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Weight loss for risky projects (1:06:35)

This one-hour talk was recorded at a meeting of the PMI UK Chapter South Branch in September 2015. Drawing on material from his new book “The Risk Doctor’s Cures for Common Risk Ailments”, David describes the symptoms of risk obesity, together with effective treatment options. These include short-term measures to de-risk our projects, until we reach a “target level” of acceptable risk exposure. In the longer term, we need to change our risk-taking habits, with a more balanced risk diet, supported by a clear understanding of our risk appetite. By regulating risk intake and carefully managing risk-taking behaviour, it is possible to reach and maintain a target level of healthy risk exposure, even for the most risk-obese project.


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Understanding risk appetite: How much risk to take (1:11:03)

This one-hour presentation was delivered at the offices of Credit Suisse in Zurich Switzerland on 20 November 2012, as part of the celebrations for International Project Management Day 2012 hosted by the Swiss Chapter of the Project Management Institute (PMI). David presents the latest thinking on the hot topic of risk appetite, explaining what it is (and what it isn't), how to express it, and how it can be used to support risk-based decision-making.


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Interfacing Earned Value & Risk Management: A practical synergy (37:14)

Risk Management and Earned Value Management are both used to improve project decision-making and control. But they are rarely used together. In this presentation David Hillson offers practical advice on how to interface these two powerful approaches. Recorded at Drexel University in January 2017.


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Managing risk in innovation projects (49:27)

This one-hour webinar was recorded in October 2012 for the PMI IT & Telecoms Community of Practice (PMI IT&T CoP). PMI members can view the webinar directly by signing in to the PMI IT&T CoP website then navigating to the Webinars section. Non-members can view the webinar by clicking on the thumbnail to view directly without any download or sign-in. In this webinar, David shows how risk management can support innovation projects by focusing on both upside opportunities as well as downside threats. He introduces the Innovation Ecocyle as a framework to address both exploration and learning, and presents practical approaches showing how the risk process allows us to find innovation opportunities, pick the real winners, and make them happen.


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Managing risk in projects: What’s new? (50:32)

The Australian/New Zealand Institute of Insurance & Finance (ANZIIF) launched its Risk Management Faculty in Sydney in September 2013. David Hillson, the Risk Doctor, was the invited guest speaker for this event. In this talk David challenges our limited thinking about risk, and explains how a broader concept of risk can lead to more effective risk management, and hence more successful projects and businesses.


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