Strategic Risk-Based Decision Making
PMI-DVC: Strategic Risk-Based Decision Making
📅 Date: April 30, 2025
🕒 Time: 7:00 pm - 8:30 pm
🌐 Venue: via Zoom
🎟 Registration: Complimentary for Members and Non-Members
Agenda:
7:00 - 7:15 pm Chapter Announcements
7:15 - 8:15 pm Presentation
8:15 - 8:30 pm Q&A
Ever trusted your navigation system to lead you through an unfamiliar city? It’s a classic case study in decision-making. This presentation draws the parallels between navigation apps and the project decisions we must make as we head into project “traffic.” The program looks at the importance of defining preferences, applying familiar knowledge and recognizing the drawbacks of heading onto unfamiliar turf. It also examines the critical nature of incorporating tolerances and alternatives when we make a wrong turn. While not purely numerically focused, the discussion also raises the specter of how to incorporate numbers in a less-than-perfect qualitative environment.
Some key takeaways:
1) Identify opportunities to align risk with corporate mission and values
2) Communicate tolerances and triggers to enable shared decision support
3) Establish the early stages of a risk brand
Speaker Bio:
Carl Pritchard is the principal and founder of Pritchard Management, LLC. He is recognized lecturer, author, researcher, and instructor. As a lecturer he is considered a leading authority on risk management, storytelling and presents on a variety of management topics, ranging from project essentials to the complexities of team communication. He was an e-learning pioneer, establishing full curricula in virtual training formats in 1994. He has authored ten books and served as the lead chapter author for the Guide to the Project Management Body of Knowledge, Risk Management Chapter (4 th Edition). In 2019, he was awarded the “Best of the Best” award in project management by PMI® Global. His latest work (published by Amazon) is The Stage Four Project – A Project Manager’s Game Plan for Dealing with Cancer.
