The Project Risk Management Skills They Never Taught You!

Nowadays, project managers are constantly bombarded with multiple risks and everyone thinks his/her risks are unique and therefore should be treated as “Top Priority”.  As Project Managers, we are not trained to be a full-time risk manager but more of a project manager who can manage the “Project Constraints”, as a rigid activity.  But, wait a minute! Aren’t risk management is a key part of what we do?  If money is on the table, and we are coerced to satisfy quality over “pocket money”, do we really do how to manage these risks?  In another word, when money talks, do we understand?

When money talks, Project Managers are not necessarily trained to deal with these “old territories”. “Project Management Institute (PMI) defines project management as the application of knowledge, skills and techniques to execute projects effectively and efficiently.  It is a strategic competency for organizations, enabling them to tie project results to business goals – and thus, better compete in their markets.”  From this broad definition, it can be inferred that Project Manager could benefit from Project Management discipline to execute their projects more efficiently and effectively. For example, good project management discipline can aid the project management team in completing their product launching on time, on budget, and scope. On the other hand, good project management discipline could also stop clients from spending money on projects that fails.  Both of these traits are considered positive and negative risks management respectively in the Project Management Body of Knowledge.  However, often times there are invisible hands that interfere with these risks especially when money talks.  Hence, project managers are at a dilemma.

Do you want to know more about this topic? Let's join us at The International Conference on Project Management, PM DAY 2014, theme "The X Factors of Project Management - Reveal the Secrets to Project Success" that will be held on March 24th, 2014, Hotel Bidakara, Jakarta. 

In this two-hour presentation, we will cover the Five Karate Principles that could be embraced by project managers to successfully manage difficult-to-face project risks including corruption, conflict of interest, stakeholders conflicting objectives, hidden motives, etc.  Specific applications of karate disciplines in project activities will be shared.  The first Karate Principle, “Fighting to Win”, shows how to identify critical project risks up front without fear, even if it means losing one’s job and/or one’s project in the midst of “Money Talks”.  Using the second Karate Principle, “Seek Perfection of Character”, the participants will be trained on how to keep your “opponent” from striking your spirit by identifying the hidden intention first and then manage that intention, from the start till the end of the project.  “Attack or counter attack” is the third principle that can be deployed to manage your project risks effectively.  The strategy of attack, “Ken No Sen” is launching an assault to neutralize negative risks before your opponent has a chance to react.  And, the strategy of counter attack, “Tai No Sen” is to wait until the opponents get deeper into the risks and then neutralize them once and for all.  The fourth principle, “Identifying Suki – The Gap”, is really the back bone of project risk management.  A slight crack or slit in a negative project risk could be taken advantage of and neutralized when we are constantly seeking for that opening.  It’s an unguarded moment. The fifth principle, “Applying Indirect Approach” in managing your risks.   At times, you can put your opponent’s power to your use, especially when one becomes very greedy and selfish.  The negative energies that produce negative risks can be absorbed and turned around against that very force.

Based on the teachings of ancient Karate principles, this seminar can not only help you to better manage your project risk, but learn to lead others and unleash their project risk management skills and knowledge. Discover the same proven principles that have led the world’s foremost project management leaders to the professional project success they dreamed of.

For more information about this event visit www.avenew-indonesia.com. Download ebrochure of this event here! 

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The Art of Global Project Management 101

Global projects are the key initiatives used to connect business strategy with global growth and compliance objectives. As corporate strategists increase the focus on obtaining future growth from global activities, organizations need to be able to take rigorous project disciplines to the global stage and execute projects effectively and efficiently.

To attend or not to attend?

This is the QUESTION! Well, whether you like or not, if you want to participate in the global project management opportunities, you need to start somewhere and this is a good place to start your journey.

By 2015, ASEAN will become borderless with approximately 600 million people spread over 10 countries.  As countries race to prepare themselves for the 2015 deadline, not a few organizations and individuals are realizing that there is so much to do in so little time.  We as project managers have to prepare ourselves ahead of the pack.  If you want to stand out from the pack, you have to stand outside the pack.

COURSE OBJECTIVE

GLOBAL PROJECT MANAGEMENT is a series conference activities that consist of 1 day International Conference on Project Management, namely PM DAY 2014, and two-day workshop.

On Day 1, you will be attending the PM DAY 2014, themed “The X Factors of Project Management – Reveal the Secrets to Project Success” with remarkable international speakers Mr. Amin Leiman, PMP, CISA, CPC from USA and Mr. Carlos “Pido” K. Aguilar, Jr. from Philippines. There will be also interactive talk show with the moderator is Mr. Indra Uno, chairman of Mien. R. Uno Foundation.

Start on Day 2, the workshop begins! We will start our journey of exploration on how we as Indonesian global project managers can discover, dream, design and execute our destiny to fully participate in these global projects. But first, we will give you an overview of global project management: recognizing global project characteristics, understanding global project management challenges, and identifying global project manager skills. Second, we will show you how to prepare for global projects: recognizing global business opportunities, analyzing risks and threats, and setting up criteria for selecting global projects.  Next through a series of interactive exercises we will identify what your personal strengths so you will be able to present yourself in the best light possible aligning and utilizing these attributes to be a global project manager. From there, we will take you to Day 3.

On our Day 3, we will collectively discover the global project challenges: defining global project scope, developing staffing plan in a project team, and planning risk management.  Subsequently, we will share with you the logistics, language, culture and stakeholder engagements of a global project.  We will then facilitate a design session to develop your own “Global Project Management Strengths” and determine the criteria of what others perceive as value and how they interact with you in a global project life cycle. Then finally we will develop your “Global Project Management” Action Plan for capturing your global project opportunities in the best possible way and therefore elevating your career to the next level.

At the end of this two-day workshop, you will uncover the world of global project management and create a personal plan to pursue your first global project. Let’s capture the best global projects in ASEAN and around the world.

Course Information:

Classroom: 3 days (1 day PM DAY conference + 2 days PM Workshop)

Contact Hours/PDUs: 24

Public Class:

IDR 5.500.000,- per pax

Price includes:

Course Materials

Stationery

Certificates with 24 PDUs/hours

Meals (1x lunch and 2x coffee breaks

Who are the speakers?

Amin Leiman, PMP, CISA, CPC, will be a speaker at PM DAY as well as Global Project Management workshop. He is the Founder and President of BENDINO, an organizational development training firm that specializes in training project managers to become effective Intrapreneurs by focusing on their Unique Selling Proposition (USP).  He is a former president of PMI Honolulu, Hawaii, a member of PMI Indonesia, PMI Japan, PMI Taiwan, and PMI Philippines chapter. Mr. Leiman was an adjunct professor at University of Hawaii, Hawaii Pacific University, and California State Polytechnic University, Pomona.

Carlos “Pido” K. Aguilar, Jr. is the founder and owner of ABUNDANCE! Corporate Training for All. He is an Inner Life Consultant and an international, inspirational and motivational speaker for conference and conventions. He received the 2008 Global HR Excellence Award given at Mumbai, India. Pido, as he is more known, obtained his M.A. Educational Administration, Ateneo de Manila University. He is a Teacher, an Educator, and a Resource Person for 30++ years. He is also a writer and author of six books, including Write Right Away!. “Starting Today!” and the e-book the 7 Heartsets of True Abundance!

Interested to join? email us at info@avenew-indonesia.com or open our website at www.avenew-indonesia.com. Download ebrochure here!

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PM DAY - The X Factors of Project Management

Avenew Indonesia and Corvalue Indonesia is delighted to host the PM DAY 2014, International Conference on Project Management, on March 24th 2014, Bidakara Hote, Jakarta. Themed The X Factors of Project Management - Reveal the Secrets to Project Success, the conference is an excellent platform to gain insights as well as share best practices in project management community.

A business can live or die based on how well it handles projects. This one-day conference will give you the skills and knowledge required to project success that they never taught you!

Nowadays, project management is not just for project managers anymore. If you are a building owner or manager; contractor, architect or engineer; you need to acquire the knowledge, skills and competencies to help you be an effective project manager and team leader. A project manager’s success is often linked to his or her ability and skill in managing projects, encouraging communication, keeping teams on track, and minimizing the impact of changes to both the project scope and product scope.

The conference is set to feature Mr. Amin Leiman, PMP, CISA, CPC, will be presenting The Project Risk Management Skills They Never Taught You! and other speaker is Carlos "Pido" K. Aguilar, Jr that will be speaking about Dissolving Stress.

THE PROJECT RISK MANAGEMENT SKILLS THEY NEVER TAUGHT YOU!

Nowadays, project managers are constantly bombarded with multiple risks and everyone thinks his/her risks are unique and therefore should be treated as “Top Priority”.  As Project Managers, we are not trained to be a full-time risk manager but more of a project manager who can manage the “Project Constraints”, as a rigid activity.  But, wait a minute! Aren’t risk management is a key part of what we do?  If money is on the table, and we are coerced to satisfy quality over “pocket money”, do we really do how to manage these risks?  In another word, when money talks, do we understand?

When money talks, Project Managers are not necessarily trained to deal with these “old territories”. “Project Management Institute (PMI) defines project management as the application of knowledge, skills and techniques to execute projects effectively and efficiently.  It is a strategic competency for organizations, enabling them to tie project results to business goals – and thus, better compete in their markets.”  From this broad definition, it can be inferred that Project Manager could benefit from Project Management discipline to execute their projects more efficiently and effectively.  For example, good project management discipline can aid the project management team in completing their product launching on time, on budget, and scope.  On the other hand, good project management discipline could also stop clients from spending money on projects that fails.  Both of these traits are considered positive and negative risks management respectively in the Project Management Body of Knowledge.  However, often times there are invisible hands that interfere with these risks especially when money talks.  Hence, project managers are at a dilemma.

In this two-hour presentation, we will cover the Five Karate Principles that could be embraced by project managers to successfully manage difficult-to-face project risks including corruption, conflict of interest, stakeholders conflicting objectives, hidden motives, etc.  Specific applications of karate disciplines in project activities will be shared.  The first Karate Principle, “Fighting to Win”, shows how to identify critical project risks up front without fear, even if it means losing one’s job and/or one’s project in the midst of “Money Talks”. Using the second Karate Principle, “Seek Perfection of Character”, the participants will be trained on how to keep your “opponent” from striking your spirit by identifying the hidden intention first and then manage that intention, from the start till the end of the project.  “Attack or counter attack” is the third principle that can be deployed to manage your project risks effectively.  The strategy of attack, “Ken No Sen” is launching an assault to neutralize negative risks before your opponent has a chance to react.  And, the strategy of counter attack, “Tai No Sen” is to wait until the opponents get deeper into the risks and then neutralize them once and for all.  The fourth principle, “Identifying Suki – The Gap”, is really the back bone of project risk management.  A slight crack or slit in a negative project risk could be taken advantage of and neutralized when we are constantly seeking for that opening.  It’s an unguarded moment. The fifth principle, “Applying Indirect Approach” in managing your risks. At times, you can put your opponent’s power to your use, especially when one becomes very greedy and selfish.  The negative energies that produce negative risks can be absorbed and turned around against that very force.

Based on the teachings of ancient Karate principles, this seminar can not only help you to better manage your project risk, but learn to lead others and unleash their project risk management skills and knowledge. Discover the same proven principles that have led the world’s foremost project management leaders to the professional project success they dreamed of.

DISSOLVING STRESS

Stress comes to all, and there are ways of dissolving it. There are physical, mental, emotional and spiritual techniques that can help us fell less stressed and more blessed so that despite the daily grind that can be toxic, whatever projects we manage, we have and live a relatively harmonious life. Happiness is not geographical, conditional or environmental. It is attitudinal. 

For further information about the conference, click here

Questions? Email us here or Contact the Conference Secretariat

Mr. Bayu Aditya Firmansyah, MT, PMP

Mobile: +62 812 9788 2500 | PIN BB: 753C5AF7

Phone: +62 21 3005 3639 | Fax: +62 21 3005 3600

Email: info@avenew-indonesia.com

Website: www.avenew-indonesia.com

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Managing Project Risk

Managing project risk is very important, however, we often overlook this task or push it aside for other work thought to be more important. In managing project, you are better taking some times to identify, analyze, and plan how you will respond to uncertainty events, are called risks that can make your projects run smoother and reduce the time you spend managing crises. 

So, what should you in managing your project risks? Follow these steps:

Define the amount of risk the project can absorb by establishing Risk Limits. You have to define for example, the greatest degree of risk that the schedule and budget can absorb without delivering the project late or over budget. You have to define the parameter of schedule risks and budget risks as well, i.e. low, medium and high. 

Define the events that could prevent you from delivering the project according to plan by identifying Project Risks. You have to remember that Risk Identification occurs throughout a project. Starting from initiating phase where the team identify high-level project risks; during the planning phase where team identify detailed project risks identification, during monitoring and controlling project execution, the team has to look for new risks to any of the project objectives.

Determine the risks that need your attention by assessing the likelihood that risks will occur and determine the impact to the project. 

Gain a complete picture of the risks associated with the project. You have to provide the sponsor and customer a complete assessment of the risks associated with the project by creating the Risk Register. 

Reduce the effects of risks on the project by developing Risk Response Plans. You will probably not develop detailed risk responses to all risks, especially if you have identified more than 20 risks. Put any low-impact probability risk on a "watch list" and revisit them periodically.

Tips: Trying to identify project risks as much as possible. Because you cannot respond to risks that you don't know about.

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