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PM 4 - Project Risk Management
Venue: Beirut Lebanon
Date: 8 Mar - 12 Mar 2010
Download PDF
Registration Fees: Dhs. Dhs. 18,000/-/- per person
Register Online | 800 PROMIS
Presenter Dr. Jamal AlBahar, PMP, AVS

INTRODUCTION

Risk is inherent in every project. Project risk is an uncertain event or condition that if it occurs, has a positive or a negative effect on project objectives. A risk has a cause, if it occurs, a consequence. Project risk includes both threats to the project’s objectives and opportunities to improve on those objectives. It has its origin in the uncertainty that is present in all projects.

Risk Management is an organized systematic process of identifying, analyzing, and responding to project risks. It includes maximizing the probability and consequences of positive events and minimizing the probability and consequences of adverse (negative) events to project objectives.

Today’s project manager must have the analytical ability to closely examine and assess the risk of each project, and take the necessary steps to mitigate the risk without compromising the integrity or the objectives of the project with respect to Scope, Time, Cost, and Quality.

Project Risk Management provides you with a structured approach for assessing and managing a wide variety of project risks. This five-day interactive workshop offers a proven methodology for systematically identifying, analyzing, and mitigating project risk, throughout project life cycle.

WHO SHOULD ATTEND

This workshop is appropriate for project managers, senior engineers, team members, and project sponsors, seeking greater insight into project risk management. Participants in this workshop should have a basic understanding of project management practice. The program involves extensive hands-on exercises and team participation in various case studies related to various projects in the construction industry.

PRESENTER
Dr. Jamal AlBahar, PMP, AVS

Dr. AlBahar, President of PROMIS, Project Management Engineering Systems, is an expert in construction contracts and claims analysis and project management tools and techniques. His recent consulting work is focusing on analysis of delay claims using CPM schedules and amicable settlement of disputes between Clients and Contractors. Dr. AlBahar is a frequent regional and international speaker on all subjects related to project management, construction contracts, tendering procedures, claims analysis and evaluation, contract administration and management, and value engineering.

Dr. AlBahar is a registered arbitrator in the Emirate of Dubai, U.A.E., the State of Kuwait, and was a full time professor at Kuwait University where he taught project management, contracts and specifications, construction management, construction methods, surveying, legal, social and ethical aspects of engineering. He was formerly a marketing and business development manager for Morrison Knudsen Corporation in San Francisco, California

Dr. AlBahar has conducted over 500 public and in-house training courses in the last 25 years on subjects related to contracts, claims, project management, PMP Exam Preparation Workshops, value engineering, budgeting and cost estimating and effective project administrative procedures. His most recent consulting agreement, and as part of team, was to review and rewrite the General Conditions of Contracts and Consultancy Agreement (both General and Particular) for Dubai Municipality and Public Works in Abu Dhabi. He is a Contract Advisor for Qatar Petroleum, Doha, Qatar.

PROGRAM

DAY ONE 

1.    Introduction And Overview Of Risk Management
  • Definition of Risk
  • Risk Assessment, management and analysis
  • Decision-making under certainty
  • Risk and uncertainty
  • Risk and Opportunity
  • Costs and benefits of risk management
  • Sources of project risks
2.    Risk Types
  • Scope
  • Cost
  • Schedule
  • Budget
  • Technical performance (Quality)
3.    Risk Classification/Categorization
  • Internal versus External risks
  • Technical risks
  • Legal / Contracts – related risks
  • Engineering / Design – related risks

DAY TWO

Plan Risk Management

1.    Inputs

  • Project scope statement
  • Cost management plan
  • Schedule management plan
  • Communications management plan
  • Enterprise environmental factors
  • Organizational process assets factors

2.    Tools & Techniques

  • Planning meetings and analysis

 3.    Outputs

  • Risk Management Plan

Identify Risks

1.    Inputs

  • Risk Management Plan
  • Activity cost estimates
  • Activity duration estimates
  • Scope baseline
  • Stakeholder register
  • Cost management plan
  • Schedule management plan
  • Quality management plan
  • Project documents
  • Enterprise environmental factors
  • Organizational process assets 

2.    Tools & Techniques

  • Documentation reviews
  • Information gathering techniques
  • Checklist analysis
  • Assumptions analysis
  • Diagramming techniques
  • SWOT analysis
  • Expert judgment

3.    Outputs

  • Risk Register

DAY THREE

Perform Qualitative Risk Analysis

 1.    Inputs

  • Risk register
  • Risk management Plan
  • Project scope statement
  • Organizational process asset

2. Tools & Techniques

  • Risk probability and impact assessment
  • Probability and impact matrix
  • Risk data quality assessment
  • Expert judgment

3.    Outputs

  • Risk register updates

Perform Quantitative Risk Anaylsis

1.     Inputs
  • Risk register
  • Risk management plan
  • Cost management plan
  • Schedule management plan
  • Organizational process assets
2.      Tools & Techniques
  • Data gathering and representation techniques
  • Quantitative risk analysis and modeling techniques
  • Expert judgment
3.     Outputs
  • Risk register updates

DAY FOUR

Plan Risk Responses
1.    Inputs
  • Risk register
  • Risk management plan

2.     Tools & Techniques

  • Strategies for negative risks or threats
  • Strategies for positive risks or opportunities
  • Contingent response strategies
  • Expert judgment

 3.      Outputs

  • Risk register updates
  • Risk-related contract decisions
  • Project management plan updates
  • Project document updates

DAY FIVE

Monitor & Control Risks

1.      Inputs
  • Risk register
  • Project management plan
  • Work performance information
  • Performance reports
2.      Tools & Techniques
  • Risk reassessment
  • Risk audits
  • Variance and trend analysis
  • Technical performance measurement
  • Reserve analysis
  • Status meetings

3.   Outputs

  • Risk register updates
  • Organizational process assets updates
  • Change requests
  • Project management plan updates
  • Project document updates

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