Who should attend
- Project and contracts personnel in both public and private sectors
- Technical specialists seeking broader perspectives of project planning & implementation
- Government officials, ministries, public sector agencies
- Project financiers, developers, sponsors, consultants
- Risk management personnel
About the course
Risk Management is a program that really encourages good positive, pro-active behaviours towards risk in your projects. Whether in the public or private sectors, we all need to ensure that the projects that we are either selecting, or delivering are not going to become “white elephants”, wasted opportunities that cost the organisation or even country monies that can lead to financial disaster.
If an important capital project does not achieve the financial and economic goals of the promoter organisation, it can result in financial losses, waste of resources and impacts across wider reputational spheres. We consider private funding, but also collaborative approaches that can remove much of the pressure from the decision-makers or those delivering those key projects. The aim of this course is to avoid such situations by giving participants the tools and techniques of modern economic and financial project appraisal to increase the chances of delivering projects safely.
- The importance of careful risk assessment in the project planning and appraisal phase
- Modern concepts of risk assessment
- The advantages, disadvantages and practical applications of various risk management tools
- The increasingly important role of public-private partnership (PPP) as a risk controlling solution for delivering successful projects
- Planning Structures for Delivering Projects
- Defining a Risk Tolerance Baseline for all Activity, plus Incremental Procedures for High-Value, Complex Projects
- Scaling Risk Management to the Size and Complexity Required
- Developing a Risk Matrix with Risk Ratings
- Risk Assessment/Analysis
- Sensitivity Analysis – (“what if analysis”)
- Risk Response/Mitigation Planning
- Monitoring and Communicating Risk
- Constructing a Risk-Adjusted Project Cost Model
- Using Risk Factors to Test Affordability
- Principles of Project Appraisal, Selection, Design & Risk Management to ensure more Measurable, Controllable, Successful Projects
- The Dynamics of PPPs & how Key Risk Areas can be Managed
- Embedding Risk Management into Normal Operations
- Allotting Appropriate Resources for Risk Management Activities
Read more about Project management
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.