CANDIDATES WANTED!

Apply NOW for 2013-2015 Board Member Positions

It's that time again - time to begin the selection process for next year's Chapter Board Members. Serving as a Board Member is exciting, fun and rewarding. It's a terrific way to become more involved in the chapter, understand and work with PMI Global, and meet some really terrific people. The nomination deadline is April 30, 2013.

BOD positions up for election this year are: President, VP Communications, and VP Education.

Date: Tuesday, May 21, 2013. Time: 5:30 to 9:00 pm 

1.5 PDUs

Project Risk Management - Keep It Short, Keep It Simple

Ovidiu Cretu, Ph.D., P.E.

This presentation will start with discussions of a novel project risk management cycle that the author advocates. We will then focus on risk assessment as and integral part of project risk management. The old COSO saying: “we cannot manage what we do not know” is elevated to “what gets measured gets managed”. The presentation will focus on making sure that project risk assessment is clear, granular and is actionable upon.

In order to simplify the conversation the project scope is considered well defined and project objectives that are targeted are: cost, and schedule. It is presented as a simple algorithm that will allow an integrated cost and schedule risk analysis. The presentation advocates for assessing only significant risks that may affect the cost or schedule including the market conditions.   

The presentation will conclude with a brief demonstration of a tool that allows for an efficient, reliable and painless cost and schedule risk analysis.

Function-Driven Risk Management

Rob Stewart, President of Value Management Strategies, Inc.

The effect of uncertainty on value can play a major role in decision making.  Threats can just as surely erode project value, as can missed opportunities.  The improvement and utilization of quantitative risk analysis and management techniques in recent years has brought greater attention to the role of risk in effectively evaluating and delivering projects of all scope and scale.  Risk studies are becoming commonplace; however, there exist gaps in thinking that directly link to a lack of understanding of project functions. The exploration of relational dependencies of risk on project functionality can allow for uncertainty to be evaluated and managed in a more effective and proactive fashion. In addition, a developed understanding of project functionalities that drive risk affords proper management of the impacts of uncertainties involving threats and potential opportunities throughout the project lifecycle.  The Function Driven Risk Management (FDRM) process to fully integrate function analysis into risk management practices that will bring focus to identifying project risks, aid in prioritizing them, and focus critical thinking on the development of appropriate risk response strategies.

NEW LOCATION: Pellegrino's Event Center, Tumwater (across from Costco)  

On-Demand Webinars

Looking for expertise and information to tackle your project challenges?

Access a library of webinars addressing project management trends, best practices, how-to-guides, and much more — all available to help you make meaningful contributions to the projects you lead or work on. Webinars were created by PMI's communities of practice.

Featured Webinars 1 hour of webinar equals 1 PDU – Category A.

On-demand webinars will:

• Give you flexibility and convenience in when you train 
• Provide you more ways to earn PDUs. PMI members who hold a PMI
  credential seek opportunities to earn PDUs at no additional cost.
• Increase awareness for PMI communities of practice. Currently 60% of PMI
  members visit community of practice sites once a month. The On-Demand Webinars
  will help to increase these numbers, as the host community of practice will be
  promoted with their webinar.

Visit the On-Demand Webinars webpage and encourage others to check out this exciting new member benefit. 

We encourage all communities of practice leaders to consider recording a webinar in the future to add to the On-Demand Webinar library. Please let us
know of your interest by submitting your webinar topic(s) to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 New Members 

• Gregory Keating
• Richard Neumann
• Shairus Palotil, Cayzen Technologies

New PMP's

• Gregory Keating, PMP