Risk Management for Project Leaders (14 PMI® PDUs)
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Topic:
“Project Management Course:”
Risk Management for Project Leaders (14 PMI® PDUs)
Certified Professional Coach:
Ir. Dr. Mui Kai Yin PhD, MSc, BEng (Hons), PEng, ASEAN Eng, APEC Eng, IntPE, ACPE, MIEM, MAFEO, MACPM, CCPM, CTM, CSM, PMP, PKT, PJK
Date & Time:
15 & 16 May 2020 – 9:00am – 5:00pm
Virtual Live Online
Workshop Synopsis (Abstract):
Project risk has its origins in the uncertainty present in all projects. Known risks are those that have been identified and analyzed, making it possible to plan responses for those
risks. Specific unknown risks cannot be managed proactively, which suggests that the project team should create a contingency plan (PMBOK® Guide).
Project Risk Management includes the process of conducting risk management planning, identification, analysis, response planning, and monitoring and control on a project. The
objectives of Project Risk Management are to increase the probability and impact of positive events, and decrease the probability and impact of negative events in the project
(PMBOK® Guide).
With the knowledge and skills acquired at the end of the training program, participants will be able to use practical risk management processes, tools and techniques to manage
project risks of any size and nature. This will in turn ensure successful project completion, meeting project scope, cost and schedule.
Participants will also work through the proactive approach to threat and opportunity risks — based on a clear understanding of the powerful nature of both qualitative and
quantitative approaches to risk management. The training examines threat and opportunity from both a top-down and bottom-up perspective of 7 risk management
processes. Using effective tools, the trainees will learn how to evaluate and respond to risk at the project and task levels.
This course is conducted by an experienced project director and a certified PMP® trainer with an extensive exposure to management of R&D, NPI Manufacturing, Construction,
and Operational Projects on a global scale with a few well known international technology companies.
Course Topics inclusive of the followings;
– Foundations of Risk Management
– Risk Management processes
– Definition and characteristics of “risk”
– Event (future occurrence)
– Probability (uncertainty)
– Impact (amount at stake)
– Types of risk
– Quantification
– Response development
– Response control
– Risk management planning
– Risk identification
– Idea generation tools and techniques
– Quantification Fundamentals
– Probability and impact
– Probability analysis
– Analyzing and Prioritizing Risk
– Determining risk tolerances
– Analyzing risks
– Expected-value analysis
– Decision trees
– Prioritizing risks
– Risk response strategies
– Risk acceptance
– Risk avoidance
– Risk mitigation
– Transference
– Risk Response control
– Execute risk strategies
– Risk evaluation
– Qualitative
– Quantitative
– Reassessing risk
– Risk documentation
Methodology
The course structure is based on PMBOK® Guide from the Project Management Institute, www.pmi.org. Classroom lectures, experience sharing, case studies, usage of project
simulation tools and quiz are included to enhance the learning process.
Target Audience
Project Managers, Project Leaders, Project Coordinators, Senior Project Managers, Project Directors, Program Managers, Project Engineers, Engineers, Planners,
Designers, Executives, Consultants, Contractors, Accountants, ICT Professionals and all the project stakeholders who are involved in delivering small to large projects.
About Ir. Dr. Mui Kai Yin …
- Consultant & Project Director of CAREER GROWTH S/B (2018-Now)
- Past Chairman of IEM Penang Branch (2016-2020)
- Chairman of IEM Penang Branch (2014-2016)
- Vice Chairman of IEM Penang Branch (2010-2014)
- Honorary Secretary cum Treasurer of IEM Electronic Engineering Technical Division (2008-2009 & 2018-2020)
- Committee of IEM Electronic Engineering Technical Division (2009-2020)
- Director-at-Large of Project Management Institute (PMI) Malaysia Chapter Northern Branch (2017-2018)
- Council Member of the Institution of Engineers Malaysia (2019-2022)
- Standing Committee of IEM Admission and Practical Training (2019-2020)
- Standing Committee of IEM Examinations and Qualifications (2019-2020)
Ir. Dr. Mui Kai Yin graduated from the University of Sunderland, UK with an Honours degree in Bachelor of Engineering (BEng Hons in Mechanical Engineering). Thereafter, he continued and completed his postgraduate degree from the University of Warwick, UK with a Master of Science (MSc in Advanced Mechanical Engineering). He also holds a Doctor of Philosophy Degree (PhD in Management) from the Atlantic University, USA; with research thesis on Multi-National Corporation Employee Retention – Human Resource Management.
He had more than 22 years of working experience on leading and managing various projects portfolios in the Electronics, Telecommunication, Automotive and Construction industries, professional development, as well as non-for-profit organizations, and led >100 local and global new product launch/projects successfully.
One of the significant projects he led and managed was the design and build of one of the world’s largest solar cell manufacturing plant in Malaysia (>MYR 1 billion investment). In this portfolio, he was the overall leader who led the Engineering, Procurement and Construction Management (EPCM) functions on behalf of the client, and managed >100 project team members and relevant stakeholders from diversify cultures and background. This project received the Institution of Engineers, Malaysia (IEM) excellence award in 2012.
Dr. Mui carries a few credentials with him; he is a certified Project Management Professional (PMP®) with the Project Management Institute (PMI®), USA (www.pmi.org). A certified Construction Project Manager (CCPM) with the Construction Industry Development Board (www.cidb.gov.my). A licensed Professional Engineer with practicing certificate (PEPC) with the Board of Engineers, Malaysia (www.bem.org.my), and a corporate member of the Institution of Engineers, Malaysia (www.iem.org.my). He is also a registered ASEAN Engineer and Honorary Member of the ASEAN Federation of Engineering Organization (www.aer.afeo.org).
He has been an active member of the Institution of Engineers Malaysia involved in organizing various technical activities and events for the local branch members. He was the chairman of the IEM Penang Branch (2014-2016) and is currently the past chairman of the IEM Penang branch (2016-2021). He is also the honorary secretary cum honorary treasurer, committee member of the IEM Electronic Engineering Technical Division, eETD (2009-2020). And, currently the Council Member of the Institution of Engineers Malaysia (2019-2022), Standing Committee of IEM Admission and Practical Training (2019-2020), and Standing Committee of IEM Examinations and Qualifications (2019-2020). He is the Principle Professional Interviewer and Senior Mentor of the Institution of Engineers Malaysia (IEM).
Today, Dr. Mui focusing on providing project management training, coaching and consulting services to the local and oversea clients. He is currently the subject matter expert for the Project Management Professional (PMP®) exam preparation boot camp, helping aspirant Project Managers and Leaders to prepare and pass the PMP® credential exam. To-date, he and his organization trained >1,000 PMP® candidates, and >10,000 project stakeholders.
