Risk Tools, Metrics, and Strategies

Risk Tools, Metrics, and Strategies


Carl Pritchard, PMP, PMI-RMP

Principal and Founder
Pritchard Management Associates (PMA)

PMIWDC Non-Member Rate

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About the Program

It’s one thing to cover the basics on risk. It’s another entirely to create a risk culture in an organization and make it stick. Carl Pritchard comes back to PMI Washington DC with his inimitable combination of insight, humor and tools. Carl drives home the importance of setting up the basics and moving forward with tolerances, thresholds and triggers that ensure those around us share the same level of concern and similar reactions at the appropriate times. You’ll get a chance to be part of a Monte Carlo simulation and will work together with your peers to build a functional risk model as a component of the course.

Course outline:

What constitutes advanced?

  • Risk Metrics
  • PMO Applications
  • Organizational Risk Parameters
  • Setting risk thresholds
    • Probability/Impact
  • Building risk triggers
  • Identification
  • Construction
  • Communication
  • Metrics in Risk Identification/Prioritization
  • Risk Breakdown Structure
  • Risk by Volume
  • Metrics in Quantification
  • Monte Carlo
    • Schedule Applications
    • Cost Applications
  • Strategies, History, Templates
  • Risk Modeling
    • PMO roles in Risk Modeling
    • Setting Critical Areas
    • Weighting a Model
    • Model Construction
    • Modeling and Contingency Budgeting

Event Location

Crowne Plaza Hotel
1960 Chain Bridge Road
, McLean, 22102

Agenda and Cost:

8:00 AM - Registration and Continental Breakfast
8:30 AM - Seminar Begins
4:30 PM - Seminar Ends

(Fee includes seminar, materials, breakfast, and lunch)
$300.00 - Member Registration
$325.00 - Nonmember Registration

$325.00 Onsite Member Registration
$350.00 Onsite Nonmember Registration

PDUs Available: 
7.00 PDUs for Certified PMs

About the Speakers

Carl Pritchard, PMP, PMI-RMP

Pritchard Management Associates (PMA)
Principal and Founder

Carl Pritchard is the principal and founder of Pritchard Management Associates, a training and consulting organization that has presented classes around the globe to rave reviews. Carl is the author of seven textbooks, including the Project Management Communications ToolKit (2nd Edition), and Project Management: Lessons from the Field. He served as the lead chapter author for the risk management chapter of the Guide to the Project Management Body of Knowledge, 4th Edition, and served for a time as a PMI(r) Project of the Year semi-final judge. He is a PMP, PMI-RMP, and a member of the Washington DC Chapter of PMI.

About the Educational Seminars

PMIWDC's series of all-day seminars featuring top names in Project Management.

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