HRizvi@GlocalPM.com

January 29, 2016

HRizvi@Rizvis.ca

Leverage The BABOK® Guide v3’s Techniques to Manage Project Risks

Los Angeles- Camarillo- Canoga Park- Regina - Toronto

Hasnain Rizvi PMP, CBAP, PMI-ACP, PMI-RMP, PMI-SP, PMI-PBA, CSM, CISA, CISM, CRISC, CSSGB, CSSBB, CMBB, CPCU, CITP, FBCS,

Project+, OPM3 Certified Consultant, PhD

All Rights Reserved

� These materials may not be copied without express written permission

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Agenda

�Welcome and Introduction �Risk Management & BABOK® v3 �Wrap Up

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Launched January 2015 Launching June 2016

Brief History of Project Management and Business Analysis

� Ancient era

o Great pyramid Giza, Great Wall of China

� 1950s: US Navy

o Polaris missile system project

� 1960s-70s: DoD, NASA and construction companies

o Large budget, schedule-driven projects

� 1980s: Manufacturing and software development sectors

� 1990s: Multiple-industry adoption, “birth” of Agile methodologie

� 2004: IIBA launches!

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The BABOK® Guide v3

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Hurricane Igor in Newfoundland and Labrador

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Hurricane Igor in Newfoundland and Labrador

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Hurricane Igor- Obvious Co$ts of Managing Risk Re$ult$

� September 8-23, 2010

�Category 4

� Part of Trans Canada Highway washed out- 150 communities leisolated in Newfoundland, Canada

� $200 Million damages

� Loss of life

�Military deployed

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Hurricane Igor- ‘Hidden’ Co$ts of Negative Risk Re$ult$

� Airport Closed for 5 days

�Government Website down for several days

� Drove away business

� Brand/image hurt

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Villagio Mall- Doha, Qatar

� Located in Aspire Zone, Doha, Qatar

� Includes Gondolania Theme Park, Gondolania Ice Rink, Rollercoaster and several other high end amenities

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Villagio Mall Fire

� Fire broke out May 28, 2012 around 11am

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Villagio Mall Fire 16

Villagio Mall Fire

� Alarm described by an eyewitness as being "a very benign fire alarm, almost like a door bell"

� At first many were not worried as there had been a recent falsealarm

� Eventually fire engulfed the “Gympanzee Nursery”

� Entrances to the nursery became blocked by smoke, trapping 1children and four staff inside

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Villagio Mall Fire

� Along with the 17 trapped in the nursery, two firefighters were k

� A total of 19 people lost their lives - 13 being children; three of thtriplets from New Zealand

� Victims included children from Spain, New Zealand, France, JapSouth Africa and The Philippines; along with three Filipino teachand one teacher from South Africa

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Villagio Mall Fire- Who was Re$pon$ible?

� 19 lives lost

� Investigation committee revealed that an electrical fault at the Nike store was the cause of the deadly

� All parties concerned had lacked adherence in varying degreerelated laws, systems and safety measures

� Father of triplets blamed a closed emergency exit at the mall's daycare center for the children's deaths

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The only alternative to risk management is crisis management --- and crisis management is much more expensive, time consuming and embarrassing.

JAMES LAM, Enterprise Risk Management, Wiley Finance © 2013

Without good risk management practices, government cannot manage its

resources effectively. Risk management means more than preparing for the worst;

also means taking advantage of opportunities to improve services or lower costs. Sheila Fraser, Auditor General of Canada

Why do we need Risk Management?

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Periodic Summary Analysis & Report

Integrated Risk Management

Periodic Summary Analysis & Report

Regional

Organiz-

ational Level

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Wrap-Up

�Comments/Feedback

� HRizvi@Rizvis.ca

� 818-428-7768

� Twitter: @RizvisPM

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