Risk Management Workshop
PMI Kerala Chapter

Risk Management Workshop
PMI Kerala Chapter organized a workshop on risk management by Rajesh Nair, PgMP, PMI-RMP, PMI-ACP, PMP, on 3 December in Trivandrum. Mr. Nair is a management consultant and visiting professor at Keller Graduate School of Management, Chicago, USA. He is actively involved with PMI and is a spokesperson for project management ethics and standards. He has experience in process re-engineering, productivity improvement, and building a resilient organizational culture.

Mr. Nair urged project managers to adopt a comprehensive and systematic approach to identify, measure, prioritize, and respond to project risks. He covered risk profile of projects, risk management processes as defined by the PMBOK® Guide, and how these can be used in projects. He illustrated the role of risk in setting project goals, formulating project objectives, and managing project performance. Participants had case studies from real world projects to understand and apply risk management approaches. A consensus among delegates was that identifying threats or negative risks was easier than finding opportunity or positive risks. The session ended with a case study on risk management failures that led to the Titanic tragedy.