Overview

This course introduces the delegates to a system’s view of risk management that goes beyond the traditional risk management process. It also covers correlation/interactions between risk events, actions or conditions.

Why Should an Individual Attend?

• Gain valuable insights and strategies relevant to anyone managing risks in large and complex projects; traditional risk management approaches are proving inadequate in such large infrastructure projects.
• Gain a modern perspective on risk management introduced via a systems view that extends beyond traditional processes, equipped to understand the complex interactions between various risk factors.
• Gain the right skills to apply risk management strategies throughout the project lifecycle, ensuring they can manage threats and opportunities effectively in large, complex infrastructure projects.
• Learn to identify common misconceptions and errors in many traditional risk management methods, and be equipped with the required knowledge to avoid pitfalls that commonly lead to project failures.
• Network with like-minded, industry-established professionals involved in infrastructure projects.

Outcomes

• Understand risks and how they manifest in projects
• Learn system-based methods to managing project risks
• Avoid risk management misconceptions and errors
• Apply risk throughout the project lifecycle
• Link project risks to the enterprise risk management
• Show proficiency in advanced topics in risk management

Program Outline

• Risk and Risk Management
• Risk Management Principles and Processes
• Risk Identification Process
• Risk Analysis Process
• Risk Treatment Process
• Risk Monitoring and Control
• SE-based Project Risk Management Framework
• Risk Management and Project Lifecycle
• Risk Management and Enabling Disciplines
• Enterprise Risk Management and LIPs

Who Should Attend?

• Engineers
• Technicians
• Project sponsors/directors
• Project risk managers
• Project managers
• Project engineers
• Project auditors
• Other project professionals