Achieving Effective Risk Management: Lessons Learned from Many Projects

Speaker

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Dr. Edmund H. Conrow, CMC, CPCM, PMP

Abstract

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Risk management is a key process often aligned with either project management or systems engineering. On the surface it appears to be a relatively simple process, but achieving effective risk management is often illusive.

This tutorial offers a comprehensive look at the risk management process, including tips to apply it and traps to avoid based upon 700+ lessons learned from actual projects. State-of-the-art concepts are presented that can be applied to a wide variety of projects.

The tutorial provides practical, ready-to-use approaches using examples from actual programs, for risk planning, identifying and analyzing project risks, developing risk handling strategies, and monitoring progress in implementing risk handling strategies. Attendees will obtain several tools and techniques they can use immediately to improve an existing risk management process or help implement risk management on a new project.

Key Topics

• Why risk management is needed
• What risk management can/can’t do
• Interaction with project management and systems engineering processes
• Achieving effective risk management
• Risk management process steps
• Key tools and techniques, and their limitations
• Organizational and behavioral implementation considerations
• Lessons learned from actual projects

Biography

Dr. Edmund H. Conrow is a risk management and project management consultant supporting industry and government. He helps clients reduce project risk and uncertainty, and better develop and deliver products within budget, on-time, and meeting performance requirements. Dr. Conrow is a nationally recognized expert and helped to develop risk management policy that is in widespread use across industry, government, and professional organizations. He has served more than 20 times as a risk manager and mentor to risk managers; successfully implementing and making risk management work daily on numerous programs and proposals.

Dr. Conrow is a Certified Management Consultant, Certified Professional Consultant to Management, and a Project Management Professional. Dr. Conrow is an AIAA Associate Fellow and life member, IEEE Senior Member, and member of INCOSE. Dr. Conrow is the author of the book: "Effective Risk Management: Some Keys to Success," Second Edition, AIAA (July, 2003), plus risk management chapters in several other books and standards. (Dr. Conrow’s book was very favorably reviewed in the January 2004 issue of INCOSE INSIGHT (reproduced with permission of INCOSE below). He holds a B.S.N.E. and M.S. (nuclear engineering), Ph.D. (general engineering), and M.Phil. and Ph.D. (policy analysis).

INCOSE INSIGHT review of Dr. Conrow’s book. An e-Interview of Dr. Conrow conducted by Dr. Lawrence Pohlmann for INCOSE is also provided at: http://www.risk-services.com/eintvw1.htm.

Location

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Boeing Conference Center
Building 28
5301 Bolsa Avenue
Huntington Beach CA 92647