The course is based on ISO 31000 and the Project Management Institute’s Body of Knowledge (PMBOK).
· Fundamental risk principles and concepts
· Overview of the project risk assessment process, tools and techniques
· The project risk register, risk formulation and mitigation planning
· Conducting a project risk workshop
· The project lifecycle and stage gates for risk assessment
· Commercial and Financial risk
· Area factors and supply chain
· Counterparty and country risk
· Technical risk, capacity and capability
· Cost estimate and schedule uncertainty
· Case studies: Unsinkable Titanic, Supersonic Concorde, Sydney Opera House
After completing this module the student will be able to:
· Understand the fundamental risk concepts and principles
· Identify decision points through the project lifecycle which will benefit from a risk assessment
· Understand the scope for a detailed project risk assessment
· Understand some key considerations when conducting a project risk assessment
· Prepare for and conduct a project risk workshop
· Present results in a report, which includes a project risk register
Benefits of attending:
· The course provides delegates with an introduction to the processes, tools and techniques for conducting a project risk assessment.
· The course will give practioners practical exposure to the multi-faceted discipline of project risk management, and the role this can play in improving project performance.
Who Should Attend
· Project stakeholders, risk practitioners and project management personnel who are responsible for managing project risks, systems and processes, including;
· Project risk managers
· Project owners/clients
· Project financiers
· Contractors, sub-contractors and suppliers
· Project managers
· Project engineers
· Project controllers
· Commercial managers
· Contract managers and administrators
· Estimators and planners
About the Presenter
Dr Greg Ker-Fox graduated from Stellenbosch University with a B.Eng., M.Eng. (cum laude) and Ph.D. in Civil Engineering. He researched the application of structural reliability methods to project cost estimates, and developed an innovative statistical process for dealing with correlation.
Greg joined global engineering and construction contractor, Murray & Roberts, in 2002. He was seconded to the Pebble Bed Modular Reactor project for 3 years as their project risk manager, before moving to the Murray & Roberts head office where he served 8 years as the Group Risk Executive.
Greg represented Murray & Roberts as a founding member of the international Engineering and Construction Risk Institute, and served on their board from 2008 to 2010. He is a fellow of the Institute of Risk Management South Africa (IRMSA) and received their Risk Manager of the Year award in 2007.
Greg founded FoxCo Risk in 2013, a specialist risk consultancy focused on advancing performance through improved project delivery.