Home Course Management, Leadership & Strategy Project Management The 10-day Strategic Project Assessment, Risk Analysis & Management Program

The 10-day Strategic Project Assessment, Risk Analysis & Management Program

COURSE OVERVIEW

The effective management of large, complicated, concurrent projects requires managerial skills, knowledge, and tools that extend beyond those required for the management of single projects.

Project and program managers interface to a much larger degree with the strategic business goals, policies and objectives of the company, and are typically involved in strategic business and financial decisions affecting the overall success and efficiency of the organization. The processes of Strategic Project Assessment: Identification, Policy Analysis & Selection are critical to the successful selection and management of projects or programs undertaken to achieve the strategic goals of the organization.

Effective Project Risk Analysis and Management lies at the very core of successful project delivery. Project failure results in the failure to achieve the organization’s financial and strategic objectives, often with sizable increases in project cost and with substantial financial losses to the organization. Accordingly, the systematic identification, quantification and analysis of project risks, as well as the development of detailed risk treatment strategies to mitigate all relevant risks that threaten the intended outcomes of the project, are essential to the achievement of project success.

This 10-day training programme on Strategic Project Assessment, Risk Analysis & Management Program will enable delegates to apply the tools and techniques of modern project and program management effectively, and to deal with a wide variety of risks and uncertainties related to the project.

IMPORTANT FEATURES

The important features of the 10-day Strategic Project Assessment, Risk Analysis & Management Program Program are:

  • Understand the corporate strategic processes and goals that determine project selection
  • Establish the necessary structures and systems for program and project management
  • Identify the most appropriate project portfolios in harmony with corporate strategy
  • Select the best contractors, suppliers and consultants for your project
  • Manage and control project progress and cost outcome on a continuous basis
  • Identify risk categories related to your organization’s operations and projects
  • Identify project-specific risks and uncertainties related to design, planning, operation and maintenance
  • Use a proven set of skills and techniques for the quantification, analysis and mitigation of identified risks, and
  • Develop a systematic and dynamic risk management plan

LEARNING OBJECTIVES

By attending the 10-day Strategic Project Assessment, Risk Analysis & Management Program Program, delegates will learn how to:

  • Identify appropriate investment projects based on the overall corporate strategy, strategic goals and commercial policies of the organization
  • Evaluate individual projects based on technical criteria to determine their technical viability
  • Understand how project programs, systems and structures provide an integrated mechanism for the process of project selection and assessment
  • Determine the most appropriate contracting approach to ensure that corporate goals are realized
  • Apply the best source selection techniques for a given project or program
  • Use accurate progress and cost control methods to ensure project delivery according to the contractual baseline
  • Identify project-specific risks and uncertainties related to the various project phases, including the project schedule
  • Use qualitative and quantitative methods to assess the exposure of the project to particular risks in real and measurable terms
  • Prioritize and rank risks in order to deal with them systematically
  • Apply the concept of expected monetary value to develop adequate contingency levels
  • Employ the six primary risk treatment strategies to develop pro-active responses to potential risks
  • Apply a dynamic risk mitigation process to reduce the risk profile in order to comply with organizational thresholds.

TARGET AUDIENCE

The Strategic Project Assessment, Risk Analysis & Management Program is designed for all professionals responsible for or involved in Project Assessment & Risk management, such as;

  • Project and program managers
  • Project planners and scheduling staff
  • Project risk management staff
  • Project leaders & project engineers
  • Production and operations engineers
  • Project planners and risk managers
  • Other project professionals

TRAINING METHODOLOGY

Delegates on the 10-day Strategic Project Assessment, Risk Analysis & Management Program will develop advanced project assessment & risk analysis and management skills and knowledge through formal and interactive learning methods. The training includes individual exercises, team projects, applicable case studies, group discussions and video material that will bring to life the skills acquired throughout the course.

The material has been designed to enable delegates to apply all of the material with immediate effect at the office. Additionally, the seminar does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of project assessment and risk management.

 

Hourly Schedule

Day 1

9:00 AM - 12:00 PM
Strategic Project Assessment & Selection
Description: : Identification of appropriate investment projects is based on the overall corporate strategy, strategic goals and commercial policies of the organization. It is vital that the process of project identification be closely aligned with corporate strategies, goals and policies.

Day 2

9:00 AM - 12:00 PM
Project Program Structures, Systems and Processes
Description: : Project Programs, Systems and Structures provide an integrated mechanism for the process of project selection and assessment based on (1) corporate strategies, goals and policies, and (2) financial feasibility and technical viability. Day Two examines the requirements for project program management within the organization as a whole, which is an essential element of project integration at the strategic level

Day 3

9:00 AM - 12:00 PM
Project Contract Types & Compensation Arrangements
Description: Once specific projects and programs have been identified, an important element of the overall decision-making process is to determine the most appropriate contracting approach to ensure that corporate goals are realized and risk eliminated. Day Three explains the three primary contracting approaches, including the various types of contracts based on these approaches.

Day 4

9:00 AM - 12:00 PM
Sourcing and Selecting Suppliers, Consultants and Contractors
Description: The next step in the process of project identification is the careful and deliberate selection of consultants, suppliers and contractors to ensure that only those capable of meeting the strategic, tactical and technical objectives of the organization, in the shortest possible time, at the highest technical quality, and at the most economical cost to the organization, are engaged in providing these critical services to the organization. Day Four looks at the most appropriate source selection techniques for a given project or program.

Day 5

9:00 AM - 12:00 PM
Project Execution Management, Control and Reporting
Description: Estimation of project costs is based on identified activities and allocated resources. This provides the basis for accurate progress and cost control against the contractual baseline, which is used to analyze deviations and make accurate projections of final cost and completion dates. Day Five explains the internationally-recognized process of Earned Value Management to control and manage project execution.

Day 6

9:00 AM - 12:00 PM
Fundamental Principles of Project Risk Management
Description: A review of the fundamental principles of Project Risk Management.

Day 7

9:00 - 12:00 PM
Project Risk Analysis, Assessment & Quantification
Description: Various methods used for qualitative and semi-quantitative risk analysis.

Day 8

9:00 AM - 12:00 PM
Project Risk Analysis and Outcomes ModellingProject Risk Analysis and Outcomes Modelling
Description: More advanced techniques for quantitative risk analysis by estimating probability and impact.

Day 9

9:00 AM - 12:00 PM
Project Risk Strategy Development
Description: Explores the development of risk mitigation strategies aimed at minimizing the potential impact of risk events on the project

Day 10

9:00 AM - 12:00 PM
Project Risk Scenario Planning & Mitigation
Description: The relationship between project risk and the financial feasibility of the investment.

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Price

$1,500.00

Date

Jun 18 - 29 2024

Time

10 Days
All Day

Courses Types

On Place,
Virtual

City

Saudi Arabia - SA
Saudi Arabia - SA

City 2

Dubai - UAE
Dubai - UAE
Tags: Beginner
Mosook Training Co.

Instructor

Mosook Training Co.
Phone
+966 55 659 3176
Email
MTC@MOSOOK.COM
Website
http://www.mosooktraiining.com

Course Registration