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2018-02-05 » 2018-02-06
Cyber Security 5 & 6 February 2018

2018-02-07 » 2018-02-08
Operational Risk Management Training - 7 & 8 February 2018

2018-02-09
Audit & Risk Committee Training - 12 February 2018

2018-02-14 » 2018-02-15
Introduction to Risk Management - 14 & 15 February JHB

Project Risk Management - 15 & 16 August 2017
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Attending the Capital Project Risk Management training provides the ability to understand and apply fundamental risk management concepts and principles in the project environment. Identify projects stages and benefits of risk management. Learn how to scope project risk assessments. Prepare for and conduct a project risk assessment for all project phases. Managing and monitoring project risks. Present and report project risks

2017-08-15 to 2017-08-16
When: 08:00
Where: IRMSA Training Centre
144 Katherine Street
Grayston Ridge Office Park, Block A, First Floor
Johannesburg, Gauteng  2196
South Africa
Presenter: Zak Wood
Contact: Nazlee Kok
011 555 1800


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Course Outline:

The Project Risk Management Training provides the ability to understand and apply fundamental risk management concepts and principles in the project environment. Identify projects stages and benefits of risk management. Learn how to scope project risk assessments. Prepare for and conduct a project risk assessment for all project phases. Managing and monitoring project risks. Present and report project risks.

1. Basic project flow – DPEC model – Design, Plan, Execute, Close
• The need for front loaded planning and decision making

2. Risk based options analysis
• Selecting the correct option on more than just technical or commercial bases

3. Risk based confidence in Schedule and Budget
• Using probability analysis to provide a range for schedules and budgets
• Presenting a confidence based schedule and budget to stakeholders

4. Prioritisation of risks in selected option
• Scoping risks – Understanding what needs to be outside of the project remit

5. Management of risks during project
• Preventative and corrective controls
• Velocity of risks

Course Agenda (2 days):

The course is specifically designed utilizing ISO31000, the Project Management Institutes body of Knowledge (PMBOK), and the DPEC Model

1. Fundamentals of risk management for projects
1.1. Principles and concepts
1.2. Risk assessment processes, tools and techniques

2. Project lifecycle and stage gates for risk assessments
2.1. Focus areas for stage gates
2.2. Risks across the stages

3. Specific Risk Considerations
3.1. Commercial and Financial
3.2. Technical
3.3. Sustainability and other often qualitative risks
3.4. Supply chain
3.5. Stakeholders
3.6. Counterparty
3.7. Country
3.8. Cost estimates
3.9. Schedule

4. Risk loading your schedule and budget
4.1. Using probability to show a more honest schedule and budget
4.2. Presenting probabilistic schedules and budgets to sponsors

5. Managing your risks during the project
5.1. Understanding and using bowties and preventative and corrective controls

6. Conducting a workshop
6.1. Setting Scope and framing
6.2. Context and timing
6.3. Process
6.4. Attendees
6.5. Risk categories

7. Case Study Project Risk Facilitation Workshop

Who should attend?

Practicing risk managers and champions, Project managers, Project risk managers, Developers, Project engineers, Project controllers, Contract managers, Estimators and planners and managers who want to improve their project risk management capability.

About the presenter

Zak's expertise lies in running and advising on corporate projects, which he does primarily for mining clients. His work involves setting up project support offices, running secretariats on complex stakeholder based projects, change management within large corporates, and advising clients on project management methodologies. Zak approaches projects with a view to simplicity - focusing on clarification of the significant.


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