Project Risk Analysis & Management

Introduction

Sound investment decision–making in the public and private sectors is key to ensuring the sustainable health & growth of the economy. In this Project Risk Analysis & Management training course, you will acquire knowledge & tools to conduct financial and economic project appraisal.

If an important capital project does not achieve the financial and economic goals of the promoter organization, it can result in financial losses, waste of resources and impacts across wider reputational spheres. The goal of this training course is to avoid such situations by giving participants the tools and techniques of modern economic and financial project appraisal.

This GLOMACS training course will highlight:

• 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

Objectives

This interactive and practical Project Risk Analysis & Management training course will provide an insight into how procurement organizations can meet the challenge to pick and deliver the best projects against a context of limited resources.

It will take you through the key stages of project risk assessment, and provide guidance on risk management tools to improve project outcomes.

This training course will focus on the principal risk factors and other key issues that need to be considered in managing the planning of major, long-term, high-value projects. 

This Project Risk Analysis & Management training course will conclude with an in-depth review of the most widely used mechanism for major projects, the Public-Private Partnership (PPP) contract, identifying, assessing and allocating the principal issues in adopting a PPP model.

By the end of this GLOMACS training course, participants will be able to:

• Prepare a risk identification process within a project appraisal
• Identify key risk categories
• Appreciate the suitability of differing risk management solutions
• Recognize the benefits of the PPP project model

Training Methodology

This Project Risk Analysis & Management training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The daily workshops will be highly interactive and participative. This will involve regular discussions on key concept in project appraisal and risk management, the uses and limitations of various techniques, and how best to identify, evaluate, select and structure these high value undertakings.

Organisational Impact

Application of sound project risk assessment and management techniques will enable the organization to forecast potential future conditions that might create strategic opportunities or jeopardize project success, thereby not only maximizing the organization's return on capital invested in projects, but also improving its reputation for delivering positive outcomes.

Personal Impact

By the end of this training course, your contribution to your organization will have been significantly enhanced. You will be able to:

• Understand how to identify project risk and uncertainty
• Apply tools and techniques that address risk analysis / assessment
• Develop robust structures to allocate, mitigate or otherwise manager project risks
• Maximize the prospects of successful supplier tendering and project delivery
• Understand the core elements of public-private partnership contracting models and their use in managing project risks