Project Risk Evaluation

  • Accountant
  • CPA (CA)
  • CFE
  • CGFM
  • CPA/CITP
  • CMA
  • CPA (US)
  • CA - ICAEW
  • ACCA
  • FPAC
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: June, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Risk identification
    7 mins
  • Project estimates and risk
    17 mins
  • Risk rating
    23 mins
  • Expected monetary value
    30 mins
  • Contingency planning
    43 mins

Course Description

Projects are unique.  Therefore, all projects have an element of uncertainty or risk. The organization and project team must determine if the inherent risk within a project is acceptable before initiating or continuing a project. This requires an evaluation of the risks and an assessment of the organization’s appetite for risk.

A project is a set of interconnected tasks intended to attain a certain goal, with a particular series of resources, within a fixed duration and cost. Given that each project tasks have specific timelines and deliverables, there are always uncertainties considered as risks that are expected to happen and will affect the project’s success. Risk comprises two factors: the probability of its occurrence, and the consequences if it does so.

This online CPE webinar will present several methods of project risk evaluation and discuss when are the appropriate circumstances to use each method.

Major topics covered in this online Continuing education webinar are:

  • What is project risk and how to differentiate it from product risk
  • How to use NUDD while project selection
  • Risk Rating
  • Building Risk Matrix
  • How to use Risk sensitivity analysis
  • Risk Register maintenance

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Learning Objectives

  • To determine techniques for identifying project risks.
  • To identify techniques for evaluating and tracking project risks.
  • To analyze project estimates and related risks through graphical presentation
  • To study expected monetary value calculations
  • To identify risk analysis techniques
  • To graphically present results of Sensitivity analysis through a Tornado diagram
  • To determine how to respond to contingencies

Recommended For

  • The Online CE/CPE Webinar is recommended for CPAs, CMAs, Project Managers, Business Managers, CFOs, and other professionals interested in learning Project Risk Evaluation.

Who Should Attend?

  • Assistant Controllers
  • Auditors
  • Business Owner
  • CEO
  • Certified Management Accountant (CMA)
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Director
  • Finance Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookeeper
  • 1 CPD Credit of Business Management and Organization for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit of Management Services for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Business Management and Organization for Certified Management Accountants (CMA)
  • 1 CPE Credit of Management Services for Certified Public Accountants (CPA-US)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 CPD Credit for CA - ICAEW
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland
  • 1 CPE Credit for Certified Government Financial Manager (CGFM)
  • 1 CPD Credit for Certified Information Technology Professionals (CITP)
  • 1 CRE Credit for Certified Corporate FP&A Professional (FPAC)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Raymond Sheen, PMP®, LSS BB

, Product and Process Innovation, Inc.

Raymond Sheen, PMP® LSS BB, is president and founder of Product & Process Innovation, Inc. He is a veteran business leader with over 35 years of executive, functional, and project management experience working in GE, the US Air Force and as an independent consultant.  Ray is author of the book, Guide to Building Your Business Case, published by Harvard Business Review Press and a contributor to the book, Guide to Project Management, also published by Harvard Business Review Press.  Ray teaches process improvement, digital transformation, project management, product development and strategy development topics through Worcester Polytechnic Institute in Massachusetts. 

Ray received his B.S. in Mechanical Engineering from the United States Air Force Academy and his M.S. in Astronautical Engineering from the Massachusetts Institute of Technology.  He has recently completed a graduate certificate in Digital Leadership and Strategy from Boston University.    He also attended numerous business management and executive management training programs while at GE.  Ray is a Fellow at the Institute for Digital Transformation and a member of the Project Management Institute (PMI and the Institute of Electrical and Electronic Engineers (IEEE).  

The focus of Ray’s work has been the management and deployment of technology in various industries and business functions including finance, engineering, marketing, manufacturing, service, and IT.   Ray has completed projects, managed teams and delivered training and consulting on three continents and 15 countries.

About Company

Product and Process Innovation, Inc.

www.ppi-consulting.com

Product and Process Innovation, Inc. (PPI) is a technology deployment training and consulting firm.  Established in 1996, PPI has provided services to clients on three continents and 15 countries. PPI works closely with each client to provide a customized service.  Frequently the training and consulting are combined to create action learning programs where the students immediately apply the lessons learned into actual projects in the organization.  PPI has worked with industrial clients, commercial clients, government clients and non-profit clients. While there has always been an emphasis on effective project management, the nature of the projects has changed over time.  The company now has focus areas in product development of high-tech products, process improvement in manufacturing and service business lines, organizational digital transformation, and leadership at all levels.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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