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2017 IRMSA Breakfast Presentation - 28 February - DBN

Project Risk Assessment Training - CPT (06 & 07 August 2015)
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The successful delivery of increasingly complex projects is critical for economic growth in South Africa. Systematically understanding and mitigating the risk to achieving defined project performance objectives is an application of the principles of risk management that is receiving increasing attention globally. This course provides an overview of the key considerations in conducting a project risk assessment.

2015/08/06 to 2015/08/07
When: 2015/08/06
07:30 AM
Where: Cape Town
Cape Town, Western Cape  2196
South Africa
Presenter: Greg Ker-Fox
Contact: Kobus de Wet
011 555 1800


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Introduction

The successful delivery of increasingly complex projects is critical for economic growth in South Africa. Systematically understanding and mitigating the risk to achieving defined project performance objectives is an application of the principles of risk management that is receiving increasing attention globally. This course provides an overview of the key considerations in conducting a project risk assessment.

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
• Developers
• Project financiers
• Contractors, sub-contractors and suppliers
• Project managers
• Project engineers
• Project controllers
• Commercial managers
• Contract managers and administrators
• Estimators and planners

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 practitioners practical exposure to the multi-faceted discipline of project risk management, and the role this can play in improving project performance.

Brief outline of the course content

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


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