January 29, 2016
Leverage The BABOK® Guide v3’s Techniques to Manage Project Risks
Los Angeles- Camarillo- Canoga Park- Regina - Toronto
Hasnain Rizvi PMP, CBAP, PMI-ACP, PMI-RMP, PMI-SP, PMI-PBA, CSM, CISA, CISM, CRISC, CSSGB, CSSBB, CMBB, CPCU, CITP, FBCS,
Project+, OPM3 Certified Consultant, PhD
All Rights Reserved
� These materials may not be copied without express written permission
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Agenda
�Welcome and Introduction �Risk Management & BABOK® v3 �Wrap Up
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Launched January 2015 Launching June 2016
Brief History of Project Management and Business Analysis
� Ancient era
o Great pyramid Giza, Great Wall of China
� 1950s: US Navy
o Polaris missile system project
� 1960s-70s: DoD, NASA and construction companies
o Large budget, schedule-driven projects
� 1980s: Manufacturing and software development sectors
� 1990s: Multiple-industry adoption, “birth” of Agile methodologie
� 2004: IIBA launches!
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The BABOK® Guide v3
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Hurricane Igor in Newfoundland and Labrador
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Hurricane Igor in Newfoundland and Labrador
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Hurricane Igor- Obvious Co$ts of Managing Risk Re$ult$
� September 8-23, 2010
�Category 4
� Part of Trans Canada Highway washed out- 150 communities leisolated in Newfoundland, Canada
� $200 Million damages
� Loss of life
�Military deployed
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Hurricane Igor- ‘Hidden’ Co$ts of Negative Risk Re$ult$
� Airport Closed for 5 days
�Government Website down for several days
� Drove away business
� Brand/image hurt
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Villagio Mall- Doha, Qatar
� Located in Aspire Zone, Doha, Qatar
� Includes Gondolania Theme Park, Gondolania Ice Rink, Rollercoaster and several other high end amenities
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Villagio Mall Fire
� Fire broke out May 28, 2012 around 11am
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Villagio Mall Fire 16
Villagio Mall Fire
� Alarm described by an eyewitness as being "a very benign fire alarm, almost like a door bell"
� At first many were not worried as there had been a recent falsealarm
� Eventually fire engulfed the “Gympanzee Nursery”
� Entrances to the nursery became blocked by smoke, trapping 1children and four staff inside
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Villagio Mall Fire
� Along with the 17 trapped in the nursery, two firefighters were k
� A total of 19 people lost their lives - 13 being children; three of thtriplets from New Zealand
� Victims included children from Spain, New Zealand, France, JapSouth Africa and The Philippines; along with three Filipino teachand one teacher from South Africa
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Villagio Mall Fire- Who was Re$pon$ible?
� 19 lives lost
� Investigation committee revealed that an electrical fault at the Nike store was the cause of the deadly
� All parties concerned had lacked adherence in varying degreerelated laws, systems and safety measures
� Father of triplets blamed a closed emergency exit at the mall's daycare center for the children's deaths
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The only alternative to risk management is crisis management --- and crisis management is much more expensive, time consuming and embarrassing.
JAMES LAM, Enterprise Risk Management, Wiley Finance © 2013
Without good risk management practices, government cannot manage its
resources effectively. Risk management means more than preparing for the worst;
also means taking advantage of opportunities to improve services or lower costs. Sheila Fraser, Auditor General of Canada
Why do we need Risk Management?
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Periodic Summary Analysis & Report
Integrated Risk Management
Periodic Summary Analysis & Report
Regional
Organiz-
ational Level
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