Project Risk Management
Currently China has over 3,000 active projects in Africa worth over US$100 billion, ranging from railways, roads, cities, power, oil and gas, mining, sea ports, to stadiums. The capacity by Africans to manage risks in these projects is to a greater extent still wanting, and therefore it is a matter of urgency for governments to build adequate capacity to manage risks in the growing number of projects currently underway on the continent.
Applying the principles and guidelines from the risk management standards (ISO 31000 and IEC 62198), this programme provides a clear introduction to basic project risk management, introduces the participant reader to specialized areas of projects and procurement, and shows how quantitative risk analysis methods can be used in large construction projects. The project risk management process addressed in this programme is intended to result in the effective management of project risks and opportunities during the entire project life cycle – from project inception to completion of the project.
Officials (planners, engineers, procurement officers, project managers, financiers) from central and local government, parastatals, infrastructure regulatory agencies, responsible for oversight, planning, implementation, monitoring and evaluating public sector projects.
At the end of the programme, participants will be able to:
- Develop a risk register that enables them to identify, assess, quantify, prepare a response to, monitor, and control project risks;
- Apply a consistent methodology for performing project risk management activities;
- Apply techniques and tools for project risk management;
- Identify data requirements for risk analysis input and output;
- Communicate and consult with project stakeholders and sponsors in undertaking risk management;
- Pro-actively respond to risks throughout the project cycle.
- Planning project risk management;
- Risk identification;
- Qualitative risk analysis and risk evaluation;
- Quantitative risk analysis for projects;
- Cost risk assessment;
- Schedule risk analysis;
- Investment evaluation for large projects;
- Risk analysis and economic appraisal;
- Operational risk assessment framework (ORAF) for public projects;
- Risk response;
- Monitoring and review;
- Recording and reporting;
- Managing opportunities;
- Risk communication and accountability.
US$ 1600 to cover tuition and training materials only.