WATCH REPLAY: Mark Powell – How to Develop a Risk Management Plan, and Actually Use It #RAW2022

Planning how you are going to conduct any activity on a project always helps, and this applies doubly in Risk Management. Because Risk Management is so inherently involved with every aspect of any project, planning for it properly can make a huge difference in how well your perform it and for the success of the entire project. But how do you build a good Risk Management plan, one that will actually be used in management of the project, and not just put on a shelf?

In this workshop, you will learn what you need to put into a proper Risk Management plan, a plan that the project will actually use to execute Risk Management well to assure project success.



He has been sharing his hard won practical risk expertise by teaching risk management at the graduate level since 1998 at the University of Idaho, the University of Houston, Stevens Institute of Technology, and the University of Texas at Austin. He is an active member of Sigma Xi, ISBA, AIAA, INFORMS, and helped to found the Texas Gulf Coast Chapter of INCOSE in 1991. Mr. Powell has served INCOSE as Chair of the Risk Management Working Group, and as Assistant Director for Systems Engineering Processes. He has since 2002 been regularly invited to present risk management tutorials and seminars at INCOSE International Symposia, IEEE Conferences and Symposia, PMI Conferences, and for numerous other professional organizations. Mr. Powell has maintained an active engineering and management consulting practice in North America, Europe, and Asia since 1999.

SYSTEMS ENGINEERING: Independent Assessments of SE Programs and SE Execution; SE Analyses; SE Audits; Milestone Reviews; Contract SE Oversight as Customer’s Representative

PROJECT MANAGEMENT/SE Mentoring: Assistance/Guidance on Project Structuring, Organization, Processes, Communications, Plan(s) Development, and Coordination with Project Controls; Chief Systems Engineer and SE Team Guidance; Technical Problem Analyses and Decision Analyses to support Optimal Decision Making

SE VERIFICATION RISK ANALYSES: Provides for each planned project verification the quantified risk of the requirement not being satisfied with successful verification, and the quantified risk of verification failure when the requirement is satisfied

RISK MANAGEMENT MENTORING: Assistance/Guidance on RM Program Organization, Processes, and RM Plan Development

RISK ANALYSES/ASSESSMENTS: Quantitative risk assessments based on the available data using no assumptions for optimal and quick decision making (using MCMC and Objective Models)

RELIABILITY AND OTHER ENGINEERING SPECIALTY ASSESSMENTS: Quantitative assessments based on the available data using no assumptions for optimal and quick decision making for any reliability, availability, maintainability, logistics, or other engineering specialty related problem (using MCMC and Objective Models)

EDUCATION/TRAINING: Customized full range offerings from seminars/tutorials to full graduate level semester courses in any area of Systems Engineering, Risk Management, Quantitative Risk Assessment, the Engineering Specialties, and Quantitative Assessments for Engineering Specialty Problems in Reliability, Availability, Maintainability, Logistics, and Safety etc.


RISK-ACADEMY offers online courses


Informed Risk Taking

Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!


ISO31000 Integrating Risk Management

Alex Sidorenko, known for his risk management blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.


Advanced Risk Governance

This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.


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