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Welcome to EdWel Project and Risk Management Training

Outline | Register | Schedule | Instructors | Pricing | Results


RANGE FORWARD: RISK MANAGEMENT

    Duration: 1 Day
    Time: 8:30am -5:00pm
    Contact Hours: 8

 

MarketWatch:  How Business Can Learn From Black Monday 2008

WHAT IS RANGE FORWARD?

Project Management is Risk Management.  From maintaining the customer relationship to protecting the Critical Path, managing a project is managing project risks.

Moving well beyond the typical high, medium, and low approach to risk management, this one day course covers both risk management fundamentals, as well as, a next-generation approach for controlling your project risks. 

Modeled after a proven hedge fund strategy, Range Forward is the first risk management methodology to combine web-based analytics with disciplined, team-based behaviors.

Not only does Range Forward help you manage your project risks, our working session format helps you identify the operational risks buried within your project and, by extension, your company. 

Coupled with our proprietary risk forecasting tool, this one-day working session delivers a focused risk management mind-set throughout your enterprise. 

Sneak Peek: A Brief 5-Minute Excerpt from this 1-Day Working Session!

 

WHAT OUR CLIENTS SAY ABOUT RANGE FORWARD...

"Eye-opening!"       Gary Yu, Operations Manager

"Mike, we had many successes!  Due to unseasonable temperatures, the road didn't open up when it should have and closed a couple of weeks earlier than it should have.  All in all though, we got 2100 loads delivered in 35 days, with 600 loads to airlift this spring.  The mines were quite happy that we managed an 80% completion when we only had a 50% open window with the road.  Our new ability to forecast risk served as a crucial barometer."              Lawrence Cantera, Yukon Ice Road Logistics Director 

 

[Looking to automate the management of project risks?  Try our free demo below.]


Our Risk Assessment dashboard captures and displays a risk's probability. Keeping a careful eye on this indicator shows you when to kick your contingency plan into gear. Our Risk Impact dashboard displays the likely impact of a particular project risk.  A sharp focus on this dashboard provides you with a more discrete look into a project's operational risks and their severity.
 

Try the Range Forward Demo

 Common Questions About Range Forward?

What is a Range Forward hedge?   A Range Forward hedge limits risk exposure to a specific, locked-in tolerance range.  This hedge provides unlimited protection against risk downside while providing for some participation in risk upside.

What is a Prediction Market?  A Prediction Market is a speculative market created to capture the "wisdom of the crowd".  From predicting who will win a political race to what team will win the World Series, participants in a prediction market buy/sell shares based on the accuracy of their unique perspective.

 

Nova Science Video:  A Fun Look At Wisdom of the Crowd

 

What is Trigger Chain?  Trigger Chain is a disciplined, analytical approach to monitoring and responding to risks.


WHO SHOULD ATTEND?

• You need to instill a global risk management mind-set within your company.
• You want to employ a disciplined risk management approach for a high-profile project.
• Your current risk management approach fails to reflect accurate exposure levels.
• You need to communicate risk exposure more forcefully to senior management.


Fundamentals of Risk Management Day 1


Topics Covered:

  • Basic Risk Management Terms and Definitions
  • Utilizing Risk Management Planning
  • Understanding Risk Management Processes
  • Qualitative Risk Analysis
  • Quantitative Risk Analysis
  • Risk Tolerance
  • Calculating Expected Monetary Value
  • Performing Risk Response Planning
  • Contingency Planning

Exercise: Like all EdWel courses, please bring your actual, real-world projects to class.  You will build a detailed Risk Management plan during this workshop for your actual project.

 
Fundamentals of Range Forward Day 1


Topics Covered:

  • Range Forward as a currency hedge
  • Prediction markets and wisdom-of-the-crowd software
  • Range Forward applied to Project/Program Management
  • Understanding the risk-type quadrant
  • Risk monitoring with Trigger Chain
  • Calculating Aggregate Average Forward Value (AaFV)
  • Scheduling with Range Forward
  • Principles of the Risk Bin and Trigger Bin review process


 
Applying Range Forward Day 1


Topics Covered:

  • Identifying key project risks and corresponding project milestones
  • Establishing Range Forward risk tolerance levels
  • Designing the prediction market
  • Trading on the prediction market
  • Analyzing prediction market results
  • Conducting a Risk Bin and Trigger Bin review
  • Reporting Range Forward to senior management
  • Raising the ceiling - lowering the floor
  • Accelerated development with Range Forward


Exercise: Using our prediction market software, participants follow step-by-step instructions to build a Range Forward risk model for their in-class project.


 
Wrap-Up – Questions & Answer Day 1


Every participant receives a follow-up discussion with the instructor at their convenience to discuss their project, implementing Range Forward, or any other risk management concern.

 
 
 
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