1. Project Risk Management
I would like to welcome you to the Second Training workshop for the UN HABITAT Urban Youth Fund Beneficiaries.
Who do you represent: Among yourselves you will find a wealth of experience and expertise, and we look forward to learning from you, exchanging our experiences, challenges and lessons learned.
During this session, we would like to discuss the following
Facilitated by : Jean-Claude Adzalla
UN HABITAT Urban Youth Fund
Training of Beneficiaries
8-12 November Kathmandu, Nepal

2. Objectives
Gain a common understanding of a project risk and its influence on results
Familiarize ourselves with risk identification methods
Risk prioritization

3. Project Risks
Takeaway: Risks in a project are inevitable. However, carefully collecting, evaluating, prioritizing, and controlling risks can increase the chances of success for your next project.

4. Project Managers and Risks
Whether it's small or large, complex or simple, every project has risk. It's our job as managers to do our best to not only minimize the risk in our projects but to minimize it as soon as we can.

5. Risk Assessment Step 1: Risk Identification
In this stage, we identify and name the risks. The best approach is a workshop. Use a combination of brainstorming and reviewing of standard risk lists.
One identification tool: SWOT Analysis

6. Risk Assessment Step 2 Risk Quantification
Risk need to be quantified in two dimensions. The impact of the risk needs to be assessed. The probability of the risk occurring needs to be assessed.
For simplicity, rate each on a 1 to 4 scale. The larger the number, the larger the impact or probability.

7. Risk Matrix

8. Risk Response
A risk response plan should include the strategy and action items to address the strategy. The actions should include what needs to be done, who is doing it, and when it should be completed.

9. Responses
There are four things you can do about a risk. The strategies are:
Avoid the risk
Transfer the risk
Mitigate the risk
Accept the risk

10. Avoidance
Avoid the risk. Do something to remove it. Use another supplier for example. In the worst case stop the project

11. Transfer
Transfer the risk. Make someone else responsible. Perhaps a Vendor can be made responsible for a particularly risky part of the project.

12. Acceptance
Accept the risk. The risk might be so small the effort to do anything is not worth while.

13. Risk Control
Process of continual monitor of risks to identify any change in the status, or if they turn into an issue.

14. Control
It is best to hold regular risk reviews to identify actions outstanding, risk probability and impact, remove risks that have passed, and identify new risks.

16. What is a project
Temporary, tasks, beginning, end, unique goal and objectives

17. PM Book definition
A project
A temporary endeavor having a defined beginning and end, undertaken to meet unique goals and objectives
Accessing data (older data sets)

18. Why do we manage projects?

19. Project Pyramid
Time
Cost
Scope

20. Reasons for PM Pyramids Temples Technology Project paradigm
Project management
Reasons for PM
Pyramids
Temples
Technology
Project paradigm
Video projection
Project problem
Constrains and results
Task succession

21. RESOURCES + EXPECTED OUTPUTS

22. What tools are available?
Resources
UN HABITAT Urban Youth Fund Website
Urban Youth fund Project Manual
Project Management Tools

23. What is to come?
Expected Outputs
Common understanding of project management concept, methods and tools
Training of Trainers

24. Housekeeping Key contact – Paul Wambua
Facilitation – Jean-Claude Adzalla
Clinics – Jean-Claude & Paul
Time management - Participant designate

25. Good luck!