Program Overview
One of the critical outcomes of contract and project management is to ensure that risks to owners and contractor are identified and controlled in a proactive way so that both parties are satisfied with the project outcome. While world class project and contract management cannot, of itself, make risks “go away”, it can, and should, identify the risks and opportunities, determine who is responsible for managing each individual risk, and for the consequences should the risk occur.
The aim of this course is to enable participants to plan, manage and control project risks. By taking this course, participants will learn to develop project risk management plans and identify project risks related to a project’s triple constraints which are: scope, schedule and resources. They will learn to qualify and quantify project risks and develop appropriate risk responses, and will design and calculate key performance indicators for monitoring and controlling project risks.
Program Attendees
This course is designed for:
- Project Risk Managers
- Project Managers
- Functional & SeniorManagement
- Risk & Compliance Managers
- Individuals who want to develop and refine their project risk management skills
Program Outcome
By the end of this course the participants will acquire:
- Knowledge to move contracts and project management from the tactical/reactive to the more important proactive/strategic focus
- Critical understanding of the risk mitigation process
- Ability to Identify project risks related to scope, schedule and resources
- Ability to Perform quantitative and qualitative risk assessments
- Skills to Plan strategies for negative and positive risks
- Skills in allocating contract and procurement risk
- Ability to identify the warning signs of cost overruns, schedule delays, and poor quality, as early as possible in the project to minimize or mitigate the impact
Program Methodology
The course uses a mix of interactive techniques, such as brief presentations by the consultant and the participants and group exercises. The course also includes calculations and analysis of real case studies related to contract & project risk management.