Introduction to Risk Management

The course is accredited and approved by the Engineering Councill of South Africa (ECSA). PMP Certificate holders will be eligible for 7 PDUs from the Project Management Institute (PMI) The success of construction projects depend on how well the uncertainties on the project is managed. Risks in construction or engineering projects are the greatest at the earliest stages of the project and these risks need to be managed throughout the project through implementation of sound business and construction practices

1

ECSA CPD Points

Certificate

On Completion

7

pmi pdu's

All

Skill Level suited for

7h

Course Duration

English

LANGUAGE Course presented in

Full Day Virtual Course

27 July 2022
08:30am - 16:30pm (CAT)
Live Zoom Webinar
ZAR 799 Course on Special - Was R 2499
  • 7 Hours of Live Interactive Webinar Training via ZOOM
  • 1 ECSA CPD Points from the Engineering Council of South Africa (ECSA)
  • PMI Certificate Holders will be eligible for 7 PMI PDU's
  • Certificate of Completion to add to your portfolio for prospecting companies
  • Recordings of each completed live session for review (6 Month Access)
  • 1 Free self-paced course with CPD points (optional)
  • Course Material and handouts

Evening Virtual Split Course

25 - 26 July 2022
19:00pm - 22:00pm (CAT)
Live Zoom Webinar
ZAR 799 Course on Special - Was R 2499
  • 7 Hours of Live Interactive Webinar Training via ZOOM
  • 1 ECSA CPD Points from the Engineering Council of South Africa (ECSA)
  • PMI Certificate Holders will be eligible for 7 PMI PDU's
  • Certificate of Completion to add to your portfolio for prospecting companies
  • Recordings of each completed live session for review (6 Month Access)
  • 1 Free self-paced course with CPD points (optional)
  • Course Material and handouts
Popular

Live Classroom Course

30 July 2022
19:00pm - 22:00pm (CAT)
Instructor-led Classroom Course (Johannesburg - Protea Hotel Midrand)
ZAR 3500 Course on Special - Was R 4499
  • 7 Hours of Live Interactive in Person Training in Johannesburg
  • 1 ECSA CPD Points from the Engineering Council of South Africa (ECSA)
  • PMI Certificate Holders will be eligible for 7 PMI PDU's
  • Certificate of Completion to add to your portfolio for prospecting companies
  • Meals, refreshments, snacks to be provided at hotel (included in cost)
  • 1 Free self-paced course with CPD points (optional)
  • Course Material and handouts
IN PERSON

Course Overview

The course is accredited and approved by the Engineering Councill of South Africa (ECSA). PMP Certificate holders will be eligible for 7 PDUs from the Project Management Institute (PMI) The success of construction projects depend on how well the uncertainties on the
project is managed. Risks in construction or engineering projects are the greatest at
the earliest stages of the project and these risks need to be managed throughout the
project through implementation of sound business and construction practices.
The value of managing these risks depend on the success achieved with the pro-active
efforts to minimize the negative impacts of threats and to maximize the positive
impact of opportunities. The typical steps of planning for risk management, identifying
risks, conducting risk analysis and planning the appropriate risk responses are of little
value if the selected responses are not implemented and monitored throughout the
project life-cycle. This course addresses all these aspects by incorporating lectures,
discussions, and exercises.


This course is based on:

  • The PMBOK® Guide – 6th Edition.
  • The PMI Practice Standard for Risk Management – 2009 Edition.
  • The Construction Extension to the PMBOK® Guide – 2016 Edition) 

On completion of this course – You will be able to

  • Follow a more formal approach to risk management.
  • Ensure the rapid identification of risks (threats as well as opportunities) that may impact
    project, to measure it, and to control it.
  • Ensure the management of the risks are allocated to the most appropriate party.
  • Provide for the regular review of risks, response strategies and changes in risk status.
  • Have clear, well defined, risk analysis methods and procedures implemented on the project
  • Establish a clear process of assessment, action planning and reporting of the risks identification.
  • Ensure all risk related decisions contribute to sustainable shareholder value.
  • Provide a means of communicating risk related issues with stakeholders.
  • Give stakeholders the reassurance that the project is being managed professionally.
  • Reduce unexpected and unwelcome surprises.
  • Maximize engineering success completion of the course, delegates should be equipped:
  • To appreciate the need for the management of risk in the construction environment.
  • To provide a framework & process for the management of the risks.
  • To identify and prioritize potential risk events.
  • To use established risk management tools and techniques to assist in the analysis, management, monitoring and reporting of identified risks.
  • To develop and implement risk management response strategies.
  • To understand the overall management of risk process.

Who is this course for?

  • Construction project managers
  • Engineers
  • Architects
  • Quantity Surveyors
  • Principle agents
  • Consultants
  • Contractors
  • Client representatives
  • Project planners
  • Office Administrators
  • Anybody involved in planning and managing construction projects.
  • Construction Industry Tradesmen and Professionals with an interest in how to better manage Construction and Engineering projects as per the PMBOK guide 6thEdition and its Construction Extension will benefit from attending this accredited training webinar.
  • Anybody involved in planning and managing construction projects.
  •  

course Outline

Click on the Chapters to expand for more details.

  •  The objectives of project risk management identification
  • Sources of Overall Project Risk
  • Sources of risks on construction projects
  • Inputs for identifying risks.
  • Tools and techniques for identifying risks.
  • The risk statement.
  • Updating the risk register
  • Critical success factors for identifying risks.
  • Exercise 2 – Risk Identification
  • Analysing risks
  • Two approaches to risk analysis
  • Probability of occurrence
  • Risk impact
  • Qualitative vs. Quantitative Risk Analysis
  • From Qualitative to Quantitative Risk Analysis
  • Qualitative Risk analysis tools and techniques
  • Quantitative risk analysis
  • Quantitative risk analysis Tools and Techniques
  • Exercise 3 – Qualitative Risk Analysis
  • Responding to risks
  • Risk response planning
  • Risk response strategies
  • Contractual provisions usually negotiated by the parties.
  • Multiple threat response strategies
  • Applying Risk Response Strategies to Overall Project Risk
  • Residual risks
  • Secondary risk
  • Contingency Reserve
  • Management Reserves
  • Fallback Plan
  • Workaround
  • Integrating risk responses into project
  • Updating the risk register and the project management plan
  • Executing risk responses
  • Critical success factors for risk response planning
  • Exercise 4 – Define Response Strategies
  • Monitoring and controlling risks
  • Welcome & Introduction
  • The PMBOK® Guide 6th edition
  • The PMBOK® Guide 7th edition
  • Overview of knowledge areas
  • The Construction Extension
  • Common Vocabulary
  • Portfolio, Program and Project management
  • Project Definition
  • Operations and Projects
  • Tailoring
  • Factors that may influence the project
  • Processes and Knowledge areas
  • Project Life Cycles
  • Construction Project Phases
  • Assumptions, Constraints, Risks & Issues
  • Stakeholders
  • Project Business Case
  • From Needs to Objectives to Requirements
  • Measuring project success
  • Project Governance
  • Project Management Office (PMO)
  • The Role of the Project Manager
  • Project Initiation / Concept / Feasibility
  • Authorizing the Project
  • Project Planning and Estimating
  • Project Scope statement
  • Work Breakdown Structure (WBS)
  • WBS Dictionary
  • Network Diagram / Schedule
  • Critical Path
  • Milestones
  • Total Float / Total Slack
  • Progress Curves
  • Resource Load / Overload
  • Resource Levelling
  • Schedule Compression
  • Project Cost Planning
  • Project funding requirements / Funding limit reconciliation
  • Project Quality Planning
  • Quality Checklists in Construction
  • Resources used for Construction Projects
  • Typical communication flow in Construction projects
  • Project Risk Management
  • Probability and Impact
  • Risk Attitude
  • Typical Uncertainty on Construction projects
  • Procurement documentation
  • Project Health, Safety, Security, and Environmental (HSSE) management
  • Execution / Construction
  • Monitoring and Controlling the Project
  • Project Close-out

Meet the Instructor

Dave Fourie

Having been a practicing consultant in project management for more than twenty-five years, Dave Fourie’s long career in program and project management brought him in contact with various project management methodologies and best practices in private as well as public organizations. This includes PMBOK, Method 123 as well as PRINCE2 environments in the fields of software development, service delivery, quality and general management. ​His experience also includes providing training in project management, quality management, and business analysis since 1999. As a freelance trainer, he has obtained invaluable experience on the best training practices utilized by various national and international training providers. This includes training entry level to experienced project managers (including PMP certification preparation) in project management and related specialist aspects such as project risk management, project quality management, project contracting and project scheduling.

Dave brings his theoretical knowledge linked to vast practical experience into the training environment with a genuine desire to assist delegates in becoming practicing project management professionals. Valuing a relaxed and enjoyable learning experience, he loves sharing his passion for project management through actual examples dished up with a touch of humor. ​Certified as a Project Management Professional (PMP) since 1998, he also holds several other portfolio, program and project management certifications such as certificates in Portfolio, Programmed and Project Offices (P3O), Managing Successful Programs (MSP), PRINCE2 and Professional Scrum Master (PSM1) . He also holds certifications in IT Service Management (ITIL), Total Quality Management (TQM) and is a  NGstudy™ Certified Negotiation Associate (NGN-A) as well as a Six Sigma Green belt.

Register for the course

Please take note. Should your selected course option not meet the selected minimum delegate requirements (10) as per terms and conditions , You will be notified and rescheduled to the next available course date or alternatively, you can choose to moved to one of the other sessions options.

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