PROJECT RISK MANAGEMENT AND CONTINGENCY ESTIMATION ADVANCED Predict Risk And Set Contingency 4th & 5th October 2016 “You can’t contain risk when you don’t know what you don’t know” Hotel Istana, Kuala Lumpur, Malaysia Warren Buffett Compliant with PMBok 5th Edition LEARNING OBJECTIVE: Robert Gan PMP®, IDPM(Camb); Enable participants to: AICA, NCC S&D; Former President Understand Project Risk Management in its right Project Management Institute Malaysia I. Chapter (5 terms); Industrial Consultant context & PM Researcher - The University of II. Identify what the trainees need to know in practice Nottingham, Malaysia Campus and how they may be applied in various industries III. Apply & relate knowledge learnt to their work place Robert is a professional director and Project Delivery Partner with 20 years of Program and IV. Project Management experience that has included people, processes and technology. As a Principal Exposed trainees to PM Methodologies, Tools & Techniques in Risk management across industries. EXPECTED LEARNING OUTCOME: Consultant with PwC and another big four regional consulting organisation, Robert has practiced best-in-class project management methodologies (Ascendant, Summit2). He has rollout more than 20 projects some of which were multi-country and multi-cultural in scope across the Asia-Pacific region in countries like Singapore, Taiwan, Hong Kong, Philippines, Indonesia and Malaysia. I. II. III. IV. V. VI. Higher project success rate Higher levels of quality delivery Consistency & predictability Better control of time and cost Project is more purposeful Greater stakeholder satisfaction SAVE Limited to only 25 SEATS! RM 2,1 0 ON GRO 0 REGIST UP RATION Tel: +603 2630 8321 | Fax: +603 2178 4699 | Web: www.agileavant.com | Email: contact@agileavant.com PROGRAM OVERVIEW Project Management (PM) knowledge and methodologies have evolved and improved significantly over the last five decades. This in part is attributable to many of the lessons learnt from the successes and failures of projects undertaken by organizations. Mature project management organization practice project risk management. However, the degrees of sophistication vary by industry and value of project. Project management organizations understand change initiative involves uncertainties. Uncertainties entail risk. So they recognize the risk that invariably has potential to create project challenges, impact stakeholder satisfaction, time, cost as well as opportunities. Mature PM organizations take proactive action holistically. They systematically identify the risk, categorized and assigned them to the experts for assessment and appropriate strategies to manage each risk identified. While the theory appears simple, the mechanics involved in estimating the project contingencies requires forethought and eventual justification for inclusion in the project contingency provision. This programme introduces project risk management to the participants conceptually and through the use of real work examples and case studies in ICT, development, energy, construction and EPC contracts, illustrate how the principles are applied in the work place. Participants walk through a sample risk register and see the planning mechanics from identification to contingency quantification. Project risk management plan enable participants to anticipate the possibilities and what can be done during the project execution. While the uninitiated see risk invariably in a negative light, participants are led to think of risk as also having opportunities too. Work examples of how risk can be managed to turn an adverse situations into potential gains. The success of projects includes setting and managing stakeholder expectations. Participants are given sample project roles & responsibilities. When expectations and commitments made are clearly explained and understood, it increases stakeholder management satisfaction. This programme is structured around how adult participants learn and how they could be engaged, managed and led more holistically and effectively. Day One 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. Why Built People’s Capability in managing project risk Definition of Risk Definition of Project Risk Definition of Project Risk Management Purpose of Project Risk Management Definition of Project Contingencies Attitudes to Project Risk & Tolerance Risk Threshold & Risk Appetite Cause of Project Risk Effective Project Risk Management Facts about Risk Principles of Risk Management Principles of Risk Response Sources from which to identify Risk Common Project Risk Impact of Project Risk Day Two 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. Plan Risk Management Risk Inputs. Tools & Tech, Outputs Risk categorization Risk Impact Scale Risk Prioritization Techniques Effective use of the Project Risk Register Risk Contingency Planning – Exercise Principles of Risk Register Construction Risk Identification Process (ITTO) Perform Qualitative Risk Analysis (ITTO) Perform Quantitative Risk Analysis (ITTO) Plan Risk Response Risk Response planning Risk Response to Threats Risk Response to Opportunities YOUR EMINENT WORKSHOP LEADER: Robert Gan PMP®, IDPM(Camb); AICA, NCC S&D Immediate Past President; Project Management Institute Malaysia Chapter (5 terms) Industrial Consultant & PM Researcher - The University of Nottingham, Malaysia Campus; ROGAN Strategic Advisory PLT Researcher in project management maturity, the university of Nottingham, Malaysia campus Managing partner, ROGAN strategic advisory PLT, IDPM (Camb) coach/PMP®/ CAPM® exam preparation Associated with 4cpm, a UK Cambridge international associate partner Experience: 15 years in programme/project management, 8 years in implementation, 5 years with Systems & software and 3.5 years in a well-established firm of chartered accountants in London. Expert witness in project management, advisor to PGB Pte Ltd, Singapore Robert is a seasoned professional director and project delivery partner with 20 years of program and project management experience that has included people, processes and technology. During the past fifteen years, Robert has helped and coached corporate business owners and their team in addressing business issues, procedure realignment, provision of alternatives, proposing work-around solutions and business process improvements. He has roll out more than 20 projects some of which were multi-country and multi-cultural in scope across the Asia-pacific region in countries such as Singapore, Taiwan, Hong Kong, Philippines, Indonesia and Malaysia. The industries are ranging from financial services/banking, general construction, it suppliers, ERP implementers and software developers, M&E and engineer-to-order (ETO) manufacturers. Robert is an action international trained business coach. The training and career development gained over the years has enabled Robert to gain the honour with distinctions in all papers for the Cambridge international diploma in project management now referred to as the international diploma in project management, IDPM(camb) . He has been and continues to be an invited speaker at many public symposiums, seminars and in-house events of MNCs and local conglomerates both here in Malaysia and in the APAC region. He does research in project management at the University of Nottingham, Malaysia campus and reappointed adjunct professor, university of Malaysia Pahang. PARTIAL CLIENT LIST: IBM Sapura Kencana Holdings Sdn Bhd HP Sime Darby Properties Dell Asia Pacific Ernst & Young Advisory Services L&G Bhd Fujitsu MEASAT Satellite systems Sdn Bhd Cisco Malaysia Managed Services Emerson Network Power group Employees Provident Fund Mimos Bhd IPerintis Prudential Insurance MRCB Multimedia Consortium Infineon Technologies Nokia Petronas Group Genting Group Ministry of Finance - Sabah PNB Group of ARE YOUR CURRENT PROJECTS LACKING THESE RULES? ATTEND THIS PROGRAM TO MASTER ALL THE STEPS! Rule 1: Make Risk Management Part of Your Project Rule 2: Identify Risks Early in Your Project Rule 3: Communicate About Risks Rule 4: Consider Both Threats and Opportunities Rule 5: Prioritise Risks Rule 6: Analyse Risks Rule 7: Plan and Implement Risk Responses Rule 8: Register Project Risks Rule 9: Track Risks and Associated Tasks 1030 MORNING REFRESHMENTS 1230 NETWORKING LUNCHEON 1500 AFTERNOON TEA 1700 SESSION END Project Management office, Project Management Unit, Project Management Department, Business Unit Heads, Presidents, Vice Presidents, Directors and Managers of: 0900 WORKSHOP BEGINS companies SPRM Bank of China MII : Malaysian Insurance Institute Brilliance Mizuho Bank Flextronics Texas Instrument UMW Corporations Astro Prasarana Malaysia Bhd OSRAM MRCB Multimedia Consortium Sdn Bhd Bintulu Port Sdn Bhd Malaysia Airports Holdings Bhd Ministry of Health IBFIM: Islamic Banking &Finance Institute Malaysia S.B Jabatan Pengairan dan Saliran Malaysia (JPS) SMART Project Kementerian Kemajuan Luar Bandar dan Wilayah Kementerian Pengangkutan Malaysia This program has been specially researched and developed for: 0830 REGISTRATION Project Managers Project Engineers Regional Project head Project Planning and control Project Team Leaders Project System Management Project Risk Management Product Development Engineers Technical Managers IT Strategic Support Project Control Project coordinator Project Quality & Process Improvement Managers Research & Development Managers Delegates Registration Form Tel: +603 2630 8321 | Fax: +603 2178 4699 | Web: www.agileavant.com | Email: contact@agileavant.com Project Risk management and Contingency Estimation 4TH –5TH OCTOBER 2016 Istana Hotel, Kuala Lumpur, Malaysia COURSE FEES GROUP REGISTRATION 3 & above from the same organization REGULAR FEE 2 Ways to register 1. 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