Friday, October 3, 2025 | 7:35AM to 8:50AM

This Event will be delivered via Zoom Meeting

Note: Registrants will be sent the Zoom link in the registration confirmation email, and also one day prior to the meeting!

Agenda:
7:35 - 7:50am  Login to Zoom, Networking
7:50 - 8:50am  Presentation and Discussion

The PM for this event is: Joseph Carfagno - [email protected]

Registration closes: Thursday, October 2, 2025 at Midnight

Transferring Risk
facilitated by Joseph Carfagno, PMP

Buying insurance may be the most common example of transferring risk. Insurance companies transfer risk by buying reinsurance.

Project managers may also buy insurance for their projects. In that case a third party is responsible for paying any fines incurred by your organization. More common forms of transferring risk include outsourcing the development of parts of the project in which team members lack expertise. Hosting systems in the cloud is another form of risk transfer: the hosting company ensures the system will run reliably and that your data is secure. Negotiating fixed price contracts ensures there is a cap for a portion of the project’s expenses.

Organizations pay a premium to transfer risk. Whoever takes on the risk needs to make money too. You need to make sure that the organization you are transferring risk to charges reasonable rates and is capable of performing their portion of the project. Risk transfer is not risk elimination. Your organization is still liable.

What is your organization’s approach to risk transfer? How do you evaluate vendors? What do you do when the vendor doesn’t meet its responsibilities?

Bring your insights, opinions, war stories, suggestions for action, or just plain curiosity about Transferring Risk.

PDU Info: You will need to record and self-report your PDUs for this activity. Following the guidelines of the new CCR program and the PMI Talent Triangle®, the PDUs for this course can be applied as follows: 1.0 PDU Ways of Working

Joseph Carfagno has over 20 years of project experience in IT, primarily implementing and supporting enterprise-wide financial systems. As a program lead for SNEC-PMI he is committed to maintaining a valuable and sustainable series of Shelton meetings. He has worked with outside hosting companies and consultants for many years with varying degrees of success.