Published: June, 2022
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:
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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.
, 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.
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.