THE BIG 5 SAUDI 2018
|
|
- Sherilyn Leonard
- 6 years ago
- Views:
Transcription
1
2 Practical Project Risk Management Implementation Challenges in By: Hisham Haridy Saudi Arabia
3 HISHAM HARIDY BSc, MBA, PMP, PMI-RMP, PMI-SP Project Management Director
4 CONTENT Risk Management Overview Challenges of Implementing Project Risk Management Best Practice for Risk Management Implementation
5 Risk Management Overview
6 RISK Uncertain event or condition that, if it occurs, has a positive or negative effect on at least one of the project objectives. Impact Probability If occurred Opportunity Project Management Institute RISK= f (Probability, Impact) Threat
7 RISK ATTITUDE Organizations and stakeholders are willing to accept varying degrees of risk depending on their risk attitude. It can be classified into three themes: 1. Risk appetite 2. Risk tolerance 3. Risk threshold The organization s risk exposure Risks an organization s to engage Risk an organization could potentially tolerate
8 WHY DO WE MANAGE RISKS? THE BIG 5 SAUDI 2018
9 PROJECT RISK MANAGEMENT 1. Risk Management is the process of identifying, analyzing and responding to risk factors throughout the life of a project and in the best interests of its objectives. 2. Proper risk management implies control of possible future events and is proactive rather than reactive. 3. The objective of the risk management is to: Project Management Institute Reduce the impact of negative risks, and Increase the positive impact of risk.
10 RISK MANAGEMENT PROCESS Consultation / Communication Establish Goals & Context Assess Risks Identify Risks Analyse Risks Evaluate Risks Monitor / Review ISO Treat Risks
11 PROJECR RISK MANAGEMENT INTERACTION Plan Risk Management Risk management Plan Identify Risk Risk Register Project Management Institute List Of Risks for Further Analysis Perform Qualitative Risk Analysis Risk Monitor and Control Risk Register (Updates) Perform Quantitative Risk Analysis Risk Register (Updates) Perform Qualitative Risk Analysis Risk Register (Updates) Plan Risk Responses Risk Register (Updates) Direct and Manage Project Execution
12 PROJECT LIFE CYCLE AND RISK Project Management Institute
13 Challenges of Implementing Project Risk Management
14 PMI Study 2017: Causes of Project Failure Feedback and insights from 3,234 project management professionals. Respondents span North America; Asia Pacific; Europe, the Middle East and Africa (EMEA); and Latin America and Caribbean regions.
15 CHALLENGES Management People Resources Strategy Barriers to Implement Risk Management
16 CHALLENGES Risk management plan requires time and effort. Project managers knowledge about risk management! Qualified risk professionals! Communication issues! 5 Leadership issues!
17 CHALLENGES Risk culture! Risk software is the magic stick! More sophisticated approach! Risk monitor and control! 10 Risk knowledge bases, polices, and procedures!
18 CHALLENGES Abraham Lincoln once said, If I had six hours to chop down a tree, I would spend four hours sharpening the ax. He knew that advance planning and preparation are essential to successfully completing a project.
19 Best Practice for Risk Management Implementation
20 BEST PRACTICE Clear requirements - Owner assigned expertise. - Clear requirements and objective. Realistic schedule - Avoid padding and consider buffer. - Team buy-in and stringent monitor & control. Qualified supplier - Stringent criteria for contractor selection. - Contract created after Risk management completion. Qualified team - Project management training. - Culture difference awareness, leadership, and motivation.
21 BEST PRACTICE Clear communication - Collaboration and open communication. - Experience in cross-cultural environments. Realistic budget - Contingency based on risk analysis (oppo. and thre.). - Stringent monitor & control. Risk management - Risk major topic in the status meeting. - Risk reassessment and audit. Regulations and Processes - Stability of regulations. - Processes to obtain authorities approval is reasonable.
22 BEST PRACTICE # Status Risk Catego ry Retired Active Active Active Construction Construction External Project Management Risk Identification Qualitative Risk Assessment Risk Response Plan Risk Event Cause Effect The demolish the existing XXXXXX. Site is unsafe for workers The rate of Currency may be change (FOREX) Incomplete quantity estimates (Civil) The location of the existing store is the best location of the new XXX and its XXX Safety culture for local supplier is poor. Project cost increases Injury/ fatality and project delay The rate from Euro Project cost can be to $ is 1.3 decrease Lack of information for soil may lead to increase of substructure concrete Project cost increases Threat or Opport unity Threat Threat Opportunity Threat Primary Objectiv e P I Risk Matrix / Score Respons e Strategy Response Actions P I Risk Matrix / Score Cost 4 4 The approval to be done 3 Mod 3 Very Very and the demolishing scope 2 Transfer Low erat 2 6 High High to be included with the 1 e 1 supplier scope Impact Impact 5 25 Select supplier from 5 4 XXXXXXX vendor list and 4 Time 3 ensure that all safety 3 Very Very 2 Avoid requirements are included Low Low 2 High High 1 in tender documents Profissional safety to be Impact hired. Impact Cost 3 To consider the total 3 Very High High Very 2 Accept amount of on site suppliers High High 2 1 as the rate can be Impact Impact Cost 3 3 Very High High 10% of concrete quantity Very 2 Accept to be considered. High High Impact Impact Probability Probability Probability Probability Probability Probability Probability Probability
23 RISK MANAGEMENT SUCCESS FACTORS Open and Honest Communication Organizational Commitment Integrate with Project management Risk Effort Scaled to Project Value Risk Management Risk Management Success Responsibility
24 THE REWARD OF RISK MANAGEMENT Advancing the state-of-the-art Desired result using limited resources Improving a schedule Enhancing profitability Increasing reserves Saving money Improving the organization market position Ensuring customer satisfaction
25
26 THANK YOU FOR ATTENDING THE PRESENTATION A wealth of presentations and reports will be available at The BIG 5 Saudi are available at
Project Theft Management,
Project Theft Management, by applying best practises of Project Risk Management Philip Rosslee, BEng. PrEng. MBA PMP PMO Projects South Africa PMO Projects Group www.pmo-projects.co.za philip.rosslee@pmo-projects.com
More informationENTERPRISE RISK MANAGEMENT (ERM) GOVERNANCE POLICY PEDERNALES ELECTRIC COOPERATIVE, INC.
1. Purpose: 1.1. Pedernales Electric Cooperative ( PEC ) is committed to delivering low-cost, reliable and safe energy solutions for the benefit of our members. In order to improve the likelihood of achieving
More informationThe Risky Business of. Risk Management
The Risky Business of Risk Management 1 About Me: Jan Holt, PMP Project Management Professional (PMP) since 2005 Project Management Institute (PMI) Michiana Chapter President PMP Prep Class Instructor
More informationRisk Evaluation, Treatment and Reporting
Chapter 8 Risk Evaluation, Treatment and Reporting In the previous chapter we looked at how risks are identified, described and estimated using a likelihood and consequences matrix. This is an essential
More informationFor the PMP Exam using PMBOK Guide 5 th Edition. PMI, PMP, PMBOK Guide are registered trade marks of Project Management Institute, Inc.
For the PMP Exam using PMBOK Guide 5 th Edition PMI, PMP, PMBOK Guide are registered trade marks of Project Management Institute, Inc. 1 Contacts Name: Khaled El-Nakib, MSc, PMP, PMI-RMP URL: http://www.khaledelnakib.com
More informationRisk and Risk Management. Risk and Risk Management. Martin Schedlbauer, Ph.D., CBAP, OCUP Version 1.1
Risk and Risk Management Risk and Risk Management Martin Schedlbauer, Ph.D., CBAP, OCUP m.schedlbauer@neu.edu Version 1.1 Risk and Risk Management Copyright 2012 by Martin Schedlbauer ALL RIGHTS RESERVED.
More informationLCS International, Inc. PMP Review. Chapter 6 Risk Planning. Presented by David J. Lanners, MBA, PMP
PMP Review Chapter 6 Risk Planning Presented by David J. Lanners, MBA, PMP These slides are intended to be used only in settings where each viewer has an original copy of the Sybex PMP Study Guide book.
More informationRisk Management Plan for the <Project Name> Prepared by: Title: Address: Phone: Last revised:
for the Prepared by: Title: Address: Phone: E-mail: Last revised: Document Information Project Name: Prepared By: Title: Reviewed By: Document Version No: Document Version Date: Review Date:
More informationRISK MANAGEMENT LECTURE 5. Ahmed Elyamany
RISK MANAGEMENT LECTURE 5 Ahmed Elyamany 1 RISK SECTION OBJECTIVES Introduce the students to the concepts of risk management and the different tools to analyze risk and estimate time and cost contingencies.
More informationWelcome! A Critical Tool of the Project Manager. What People Are Doing 9/15/2016. Risk Management A Critical Tool
Welcome! A Critical Tool of the Project Manager Presented by Jeff Nielsen PgMP, PMP, PMI-ACP, PMI-RMP, MSCIS Senior Instructor, RMC Learning Solutions 1 What People Are Doing 2 2016. RMC Learning Solutions.
More informationUnit 9: Risk Management (PMBOK Guide, Chapter 11)
(PMBOK Guide, Chapter 11) Some exam takers may be unfamiliar with the basic concepts of probability, expected monetary value, and decision trees. This unit will review all these concepts so that you should
More informationProject Risk Management
Project Skills Team FME www.free-management-ebooks.com ISBN 978-1-62620-986-4 Copyright Notice www.free-management-ebooks.com 2014. All Rights Reserved ISBN 978-1-62620-986-4 The material contained within
More informationEnterprise Risk Management How much risk do you want to take? Mark Lim Risk Consulting and Software Towers Watson
Enterprise Risk Management How much risk do you want to take? Mark Lim Risk Consulting and Software Towers Watson 1 Agenda 1 Introduction 2 Developing an ERM framework 3 Defining and integrating Risk Appetite
More informationProject Risk Management
Project Risk Management Introduction Unit 1 Unit 2 Unit 3 PMP Exam Preparation Project Integration Management Project Scope Management Project Time Management Unit 4 Unit 5 Unit 6 Unit 7 Project Cost Management
More informationPMP EXAMINATION PREP CHAPTER 11 RISK MANAGEMENT. PMP Exam Prep
PMP EXAMINATION PREP CHAPTER 11 RISK MANAGEMENT PMP Exam Prep RISK MANAGEMENT Page 441 Communications Management Process : Contains 7 of the 49 total processes Plan Risk Management Identify Risks Perform
More informationMEMORANDUM. To: From: Metrolinx Board of Directors Robert Siddall Chief Financial Officer Date: September 14, 2017 ERM Policy and Framework
MEMORANDUM To: From: Metrolinx Board of Directors Robert Siddall Chief Financial Officer Date: September 14, 2017 Re: ERM Policy and Framework Executive Summary Attached are the draft Enterprise Risk Management
More informationRisk Management Process-02. Lecture 06 By: Kanchan Damithendra
Risk Management Process-02 Lecture 06 By: Kanchan Damithendra Risk Analysis Risk Register The main output of the risk identification process is a list of identified risks and other information needed to
More informationFive-Day Schedule and Course Content
Five-Day Schedule and Course Content The following sequence is suggested to balance out the material over five sessions. Note that Chapter 10 is placed with Chapters 12 and 13 on Day 5. DAY 1 DAY 1 Course
More informationManaging Project Risk DHY
Managing Project Risk DHY01 0407 Copyright ESI International April 2007 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or
More informationEnterprise Risk Management Integrated Framework
ISACA S IT Audit, Information Security & Risk Insights Africa 2014, Alisa Hotel Enterprise Risk Management Integrated Framework Tony Bediako May 20, 2014 Today s organizations are concerned about: Risk
More informationBest Practices in Project Risk Management. Presented by: Jeff Miller, PMP - Director of Project Management Interstates Control Systems, Inc.
Best Practices in Project Risk Management Presented by: Jeff Miller, PMP - Director of Project Management Interstates Control Systems, Inc. What is Project Risk Management? PMBOK Definition of Project
More informationAchieve PMP Exam Success Five-Day Course Syllabus
Course Delivery Format: Traditional class room 5-day format, 35 hrs. Achieve PMP Exam Success Five-Day Course Syllabus Course Description: Achieve PMP Exam Success is a 35-hour PMP exam preparation course
More informationManaging Project Risks. Dr. Eldon R. Larsen, Marshall University Mr. Ryland W. Musick, West Virginia Division of Highways
Managing Project Risks Dr. Eldon R. Larsen, Marshall University Mr. Ryland W. Musick, West Virginia Division of Highways Abstract Nearly all projects have risks, both known and unknown. Appropriately managing
More informationProject Management for the Professional Professional Part 3 - Risk Analysis. Michael Bevis, JD CPPO, CPSM, PMP
Project Management for the Professional Professional Part 3 - Risk Analysis Michael Bevis, JD CPPO, CPSM, PMP What is a Risk? A risk is an uncertain event or condition that, if it occurs, has a positive
More informationEvery project is risky, meaning there is a chance things won t turn out exactly as planned.
PMBOK 5 Ed. DEI- Every project is risky, meaning there is a chance things won t turn out exactly as planned. percent of runaway projects Did no risk management at all 38 percent did some, and 7 percent
More informationFundamentals of Project Risk Management
Fundamentals of Project Risk Management Introduction Change is a reality of projects and their environment. Uncertainty and Risk are two elements of the changing environment and due to their impact on
More informationRISK MANAGEMENT. Budgeting, d) Timing, e) Risk Categories,(RBS) f) 4. EEF. Definitions of risk probability and impact, g) 5. OPA
RISK MANAGEMENT 11.1 Plan Risk Management: The process of DEFINING HOW to conduct risk management activities for a project. In Plan Risk Management, the remaining FIVE risk management processes are PLANNED
More informationMODULE 5 PROJECT RISK MANAGEMENT, PROCUREMENT AND CONTRACTS
Advanced Project Management MODULE 5 PROJECT RISK MANAGEMENT, PROCUREMENT AND CONTRACTS 06 07 November 2018 Facilitator: Mr Mondli Mbambo Module Purpose Project Risk & Procurement Managment Knowledge Risk
More informationPresented to: Eastern Idaho Chapter Project Management Institute. Presented by: Carl Lovell, PMP Contract and Technical Integration.
Project Risk Management Tutorial Presented to: Eastern Idaho Chapter Project Management Institute Presented by: Carl Lovell, PMP Contract and Technical Integration March 2009 Project Risk Definition An
More informationRisk Manage Manag ment men & the PMBOK John H. Dittmer, VI PMP, PMP CISSP CISSP ISSMP
Risk Management & the PMBOK John H. Dittmer, VI PMP, CISSP ISSMPISSMP Disclaimer Please note that theviews expressed in this presentation are the presenter s only. Theses views do not represent any official
More informationProcedure: Risk management
Procedure: Risk management Purpose To outline the procedures involved for identification, assessment and management of risks. Procedure Introduction 1. This procedure outlines the University s Risk Awareness
More informationTalent and accountability incentives governance Risk appetite and risk responsibilities
Risk appetite Board risk oversight Risk culture Risk appetite framework Risk Talent and accountability incentives Risk (3LoD) governance Risk transparency, Controls MIS and data effectiveness Risk appetite
More informationCOPYRIGHTED MATERIAL. Index
Index Note to the reader: Throughout this index boldfaced page numbers indicate primary discussions of a topic. Italicized page numbers indicate illustrations. A A+ certification, 28 acceptance criteria
More informationRisk Management Relevance to PAS 55 (ISO 55000) Deciding on processes to implement risk management
Risk Management Relevance to PAS 55 (ISO 55000) Deciding on processes to implement risk management Jeff Hollingdale DQS South Africa jeffh@dqs.co.za PAS 55 Risk Management The guideline states: (4.4.7);
More informationRisk Management & FMEAs. By Jay P. Patel, ASQ Fellow CEO & President QPS Institute
Risk Management & FMEAs By Jay P. Patel, ASQ Fellow CEO & President QPS Institute Learning Objectives Understand Risk management process elements Learn the principles involved in the Risk process Know
More informationRisk Management Made Easy 1, 2
1, 2 By Susan Parente ABSTRACT Many people know and understand risk management but are struggling to integrate it into their project management processes. How can you seamlessly incorporate project risk
More informationProject Risk Management. Prof. Dr. Daning Hu Department of Informatics University of Zurich
Project Risk Management Prof. Dr. Daning Hu Department of Informatics University of Zurich Learning Objectives Understand what risk is and the importance of good project risk management Discuss the elements
More informationRISK MANAGEMENT PROFESSIONAL. 1 Powered by POeT Solvers Limited
RISK MANAGEMENT PROFESSIONAL 1 www.pmtutor.org Powered by POeT Solvers Limited This presentation is copyright 2009 by POeT Solvers Limited. All rights reserved. This presentation is protected by the Nigerian
More informationBERGRIVIER MUNICIPALITY. Risk Management Risk Appetite Framework
BERGRIVIER MUNICIPALITY Risk Management Risk Appetite Framework APRIL 2018 1 Document review and approval Revision history Version Author Date reviewed 1 2 3 4 5 This document has been reviewed by Version
More informationNorthern Trust Corporation
Northern Trust Corporation Pillar 3 Regulatory Disclosures For the quarterly period ended March 31, 2015 Northern Trust Corporation PILLAR 3 REGULATORY DISCLOSURES For the quarterly period ended March
More informationInformation Technology Project Management, Sixth Edition
Management, Sixth Edition Prepared By: Izzeddin Matar. Note: See the text itself for full citations. Understand what risk is and the importance of good project risk management Discuss the elements involved
More information1. Define risk. Which are the various types of risk?
1. Define risk. Which are the various types of risk? Risk, is an integral part of the economic scenario, and can be termed as a potential event that can have opportunities that benefit or a hazard to an
More informationAPPENDIX 1. Transport for the North. Risk Management Strategy
APPENDIX 1 Transport for the North Risk Management Strategy Document Details Document Reference: Version: 1.4 Issue Date: 21 st March 2017 Review Date: 27 TH March 2017 Document Author: Haddy Njie TfN
More informationRisk Management Made Easy. I. S. Parente 1
Risk Management Made Easy I. S. Parente 1 1 Susan Parente, MS Engineering Management, PMP, CISSP, PMI-RMP, PMI-ACP, CSM, CSPO, PSM I, ITIL, RESILIA, CRISC, MS Eng. Mgmt.; S3 Technologies, LLC, Principal
More informationThe Actuarial Profession: A Global Perspective
The Actuarial Profession: A Global Perspective Steve Kellison, SOA President-Elect Southeastern Actuaries Conference Naples, FL 24 June 2004 Canada and USA Society of Actuaries Casualty Actuarial Society
More informationRisk Appetite for Life Offices IFoA working party
Risk Appetite for Life Offices IFoA working party Gautam Kakar, Chairman 30 October 2015 Members of Working Party: Gautam Kakar Lana Nguyen Shayanthan Pathmanathan Rod Bryn-Hussey Fabio Schiaffini Crystal
More informationRisk Management Plan Project Name: Version 1.0 Date: dd/mm/yyyy
Risk Management Plan Project Name: Version 1.0 Date: dd/mm/yyyy Contents DOCUMENT OVERVIEW... 3 RISK METHODOLOGY... 3 RISK IDENTIFICATION... 3 Risk Categories... 3 RISK ANALYSIS... 4 RISK RESPONSE PLANNING...
More informationNorthern Trust Corporation
Northern Trust Corporation Pillar 3 Regulatory Disclosures For the quarterly period ended March 31, 2016 Northern Trust Corporation PILLAR 3 REGULATORY DISCLOSURES For the quarterly period ended March
More informationRisk Management FUN! Humor Me
Risk Management FUN! Humor Me Leveraging Project Risk Management to Solidify Your RIM Business Continuity P R E S E N T E D B Y : M A R Y L. C L I N T O N, M B A, P M P W E D N E S D A Y, J U N E 2 1,
More informationRisk Management at Central Bank of Nepal
Risk Management at Central Bank of Nepal A. Introduction to Supervisory Risk Management Framework in Banks Nepal Rastra Bank(NRB) Act, 2058, section 35 (a) requires the NRB management is to design and
More informationChapter-8 Risk Management
Chapter-8 Risk Management 8.1 Concept of Risk Management Risk management is a proactive process that focuses on identifying risk events and developing strategies to respond and control risks. It is not
More informationA n n u a l P e r f o r m a n c e A p p r a i s a l P r o c e s s F Y P r i n c i p l e & W o r k f l o w
A n n u a l P e r f o r m a n c e A p p r a i s a l P r o c e s s F Y 1 6 17 P r i n c i p l e & W o r k f l o w 2 A t t h e e n d o f t h e m a n u a l y o u w o u l d b e a b l e to Understand the objectives
More informationThe Components of a Sound Emerging Risk Management Framework
North American CRO Council The Components of a Sound Emerging Risk Management Framework December 6, 2012 2012 North American CRO Council Incorporated chairperson@crocouncil.org North American CRO Council
More informationEnergize Your Enterprise Risk Management
Energize Your Enterprise Risk Management Presented By Mark Caiazzo, CISA, CISM, CRISC Tammy Michaud, CPA May 15, 2017 Reviewed: Agenda Enterprise Risk Management Defined Benefits of ERM Key Components
More informationEFFECTIVE TECHNIQUES IN RISK MANAGEMENT. Joseph W. Mayo, PMP, RMP, CRISC September 27, 2011
EFFECTIVE TECHNIQUES IN RISK MANAGEMENT Joseph W. Mayo, PMP, RMP, CRISC September 27, 2011 Effective Techniques in Risk Management Risk Management Overview Exercise #1 Break Risk IT Exercise #2 Break Risk
More informationNorthwest Regional Data Center
Northwest Regional Data Center Located in Tallahassee, Florida, NWRDC was founded in 1972 as one of four regional data centers serving State University System of Florida. We have been providing services
More informationNYISO Capital Budgeting Process. Draft 01/13/03
NYISO Capital Budgeting Process Draft 01/13/03 1 1.0 INTRODUCTION An effective, capital budgeting process is essential to ensure sound capital investment decisions. This report details a recommended approach
More informationProject Management. A Practitioner s Guide. Steven M. Bragg
Project Management A Practitioner s Guide Steven M. Bragg Chapter 1 Overview of Project Management... 1 Learning Objectives... 1 Introduction... 1 Project Management Activities... 1 The Need for Project
More informationMerrill Lynch Kingdom of Saudi Arabia Company. Pillar 3 Disclosure. As at 31 December 2016
Merrill Lynch Kingdom of Saudi Arabia Company Pillar 3 Disclosure As at 31 December 2016 Contents 1. Introduction 4 2. Capital Resources and Minimum Capital Requirements 8 3. Risk Management, Objectives
More informationGOV : Enterprise Risk Management Policy
Name: Responsibility: Complements: Enterprise Risk Management Framework Coordinator, Enterprise Risk Management GOV-080-005: Enterprise Risk Management Policy Draft Date: November 2006; January 2012 Revised
More informationKey Themes. Organizational Dynamics and Effective Risk Management. Organizational Alignment. Risk Management Effectiveness
Key Themes Organizational Alignment Risk Management Effectiveness Organizational Dynamics and Effective Risk Management Data, Analytics, and Technology Building a Cyber Risk Framework 1 Organization: Where
More informationBasel II Pillar II Practice Study The World Bank By Ana María Avilés
Basel II Pillar II Practice Study The World Bank By Ana María Avilés Washington DC October 22, 2018 Outline 1. Basel II Framework 2. Basel II Pillar II 3. Basel II Pillar II Practice Study 4. Main Findings
More information[Project Name] Project Risk Management Plan. [Sub-Project, phase, etc.] [Company] [Company Address] Marc Arnecke, PMP
[Company] [Company Address] Tel: Fax: [Company Phone] [Company Fax] [Company E-mail] May 16, 2015 [Ref. number] Marc Arnecke, PMP [Project Name] [Sub-Project, phase, etc.] The project risk management plan
More informationM_o_R (2011) Foundation EN exam prep questions
M_o_R (2011) Foundation EN exam prep questions 1. It is a responsibility of Senior Team: a) Ensures that appropriate governance and internal controls are in place b) Monitors and acts on escalated risks
More informationRisk Management Policy
Risk Management Policy Policy Type: Council Policy Policy Owner: Strategic Procurement, Contracts and Risk Program ManagerProcurement & Risk Coordinator Policy No. CP-099 Last Review Date: 19 June 2018
More informationRisk Management Guideline July, 2017
Risk Management Guideline July, 2017 Check the Capital Project Delivery website to ensure this is the current version. Table of Contents PREFACE... 1 SECTION OVERVIEW... 1 SECTION 1 - INTRODUCTION... 2
More informationWhat is Earned Value?
Earned Value Management Past, Present & Future Presented at: ProjectChat 2017, Sydney. Patrick Weaver PMP, PMI-SP patw@mosaicprojects.com.au www.mosaicprojects.com.au What is Earned Value? Developing a
More informationMerrill Lynch Kingdom of Saudi Arabia Company. Pillar 3 Disclosure. As at 31 December 2017
Merrill Lynch Kingdom of Saudi Arabia Company Pillar 3 Disclosure As at 31 December 2017 Contents 1. Introduction 5 2. Capital Resources and Minimum Capital Requirements 8 3. Liquidity Position 12 4. Risk
More informationEmerging Trends in Quantitative ERM
Annual 2016 URS User Group Forum Emerging Trends in Quantitative ERM ZZ NAIC ORSA Update Elisabetta Russo, ERM Advisor, FIA, MAAA erusso@naic.org cell: +1 718 286 9450 2 Content Current status of NAIC
More informationIntroduction to Risk for Project Controls
Introduction to Risk for Project Controls By Eukeni Urrechaga, PE Quick view at Project Controls Project Controls, like project management, is much an art as it is a science. The secret of good project
More informationProject Management Certificate Program
Project Management Certificate Program Risk Management Terry Skaggs ( Denver class) skaggst@centurytel.net 719-783-0880 Lee Varra-Nelson (Fort Collins class) lvarranelson@q.com 970-407-9744 or 970-215-4949
More informationMaster Class: Construction Health and Safety: ISO 31000, Risk and Hazard Management - Standards
Master Class: Construction Health and Safety: ISO 31000, Risk and Hazard Management - Standards A framework for the integration of risk management into the project and construction industry, following
More informationD6.2 Risk Assessment Plan
D6.2 Risk Assessment Plan Project number: 730830 Project acronym: Project title: Safe4RAIL Start date of the project: 1 st of October, 2016 Duration: Programme: Safe4RAIL: SAFE architecture for Robust
More informationA n n u a l P e r f o r m a n c e A p p r a i s a l P r o c e s s F Y P r i n c i p l e & W o r k f l o w
A n n u a l P e r f o r m a n c e A p p r a i s a l P r o c e s s F Y 1 7-18 P r i n c i p l e & W o r k f l o w 2 A t t h e e n d o f t h e m a n u a l y o u w o u l d b e a b l e to Understand the objectives
More informationScouting Ireland Risk Management Framework
No. SID 124A/15 Gasóga na héireann/scouting Ireland Issued Amended 20 th June 2015 Deleted Source: National Management Committee Scouting Ireland Risk Management Framework Revision Date Description # 20/06/2015
More informationRisk Management at the Deutsche Bundesbank March 2011
Risk Management at the Deutsche Bundesbank March 2011 (C) Deutsche Bundesbank - Division Organisation 1 Agenda Definition of risk management [3] Factors of influence to review the RM set up [4] The Framework
More informationOffshore & Marine Projects and Risks Management
An Intensive 5 Day Training Course Offshore & Marine Projects and Risks Management 02-06 Sep 2018, Dubai 02-OCT-17 R.E.P. ID: 4349 The Registered Education Provider (R.E.P. ID:4349) status with the Project
More informationRisk Management Policy and Framework
Risk Management Policy and Framework Risk Management Policy Statement ALS recognises that the effective management of risks is a fundamental component of good corporate governance and is vital for the
More informationLCS International, Inc. PMP Review. Chapter 5 Developing Project Budgets. Presented by David J. Lanners, MBA, PMP
PMP Review Chapter 5 Developing Project Budgets Presented by David J. Lanners, MBA, PMP These slides are intended to be used only in settings where each viewer has an original copy of the Sybex PMP Study
More informationPolicy (Board Approved) Public Version
Policy (Board Approved) Public Version Business Resilience and Risk Management Document Number GOV-POL-37 1.0 Policy Statement Stanwell is committed to delivering a business resilience platform across
More informationPeppercomm Hedge fund managers embrace innovation amid industry challenges and increased competition
News release John La Place Paul Merchan EY Peppercomm +1 212 773 1705 +1 212 931 6172 john.laplace@ey.com pmerchan@peppercomm.com Hedge fund managers embrace innovation amid industry challenges and increased
More informationRISK MANAGEMENT ON USACE CIVIL WORKS PROJECTS
RISK MANAGEMENT ON USACE CIVIL WORKS PROJECTS Identify, Quantify, and 237 217 200 237 217 200 Manage 237 217 200 255 255 255 0 0 0 163 163 163 131 132 122 239 65 53 80 119 27 252 174.59 110 135 120 112
More informationNumber of countries Average Median
GLOBAL financial DEVELOPMENT REPORT 05/06 appendix A 57 MAP A. DEPTH FINANCIAL INSTITUTIONS To approximate financial institutions depth, this map uses domestic private credit to the real sector by deposit
More informationSUGGESTED SOLUTION FINAL MAY 2019 EXAM. Test Code - FNJ 7081
SUGGESTED SOLUTION FINAL MAY 2019 EXAM SUBJECT- SCM & PE Test Code - FNJ 7081 BRANCH - () (Date :) Head Office : Shraddha, 3 rd Floor, Near Chinai College, Andheri (E), Mumbai 69. Tel : (022) 26836666
More informationJoint Venture on Managing for Development Results
Joint Venture on Managing for Development Results Managing for Development Results - Draft Policy Brief - I. Introduction Managing for Development Results (MfDR) Draft Policy Brief 1 Managing for Development
More informationRisk Management Guideline
Risk Management Guideline [Selected Pages] Version 1.1 (August 2012) 1 P a g e 1 Objective This Guideline outlines the processes used at Panoramic Resources Limited (Panoramic) to identify and manage risk
More informationFinancial Leadership. Julia Classen, Aurora Consulting
Building a Culture of Shared Financial Leadership Michael Anderson, Nonprofits Assistance Fund Julia Classen, Aurora Consulting 1 Session Overview Define Financial Leadership Our Leadership Framework:
More informationPrinciples and Elements of SMS A Review. Patrick Hudson Leiden University
Principles and Elements of SMS A Review Patrick Hudson Leiden University Structure Why SMS? The principles Shell s experience The elements Implementation experience Conclusion Why Safety Management Systems?
More informationFrost & Sullivan Whitepaper On Financial Benchmarking of the Financial Services Sector in the Middle East
Frost & Sullivan Whitepaper On Financial Benchmarking of the Financial Services Sector in the Middle East Prepared for: Table of Contents 1 Objective and Scope...3 2 Definition...3 3 Introduction to Financial
More informationProject Management for EPC Contracts Presented by: Dr. Jamal F. AlBahar, PMP, VMA Registered Arbitrator; Member: PMI, CMAA, AACE, AAA, PMA, CSI, SAVE
Project Management for EPC Contracts Presented by: Dr. Jamal F. AlBahar, PMP, VMA Registered Arbitrator; Member: PMI, CMAA, AACE, AAA, PMA, CSI, SAVE INTRODUCTION: Project Management for Engineering and
More informationPreparing for the New ERM and Solvency Regulatory Requirements
OWN RISK AND SOLVENCY ASSESSMENT Preparing for the New ERM and Solvency Regulatory Requirements A White Paper from Willis Re Analytics Insurance solvency regulation is moving into new territory. Insurer
More informationOrganization Strategy and Project Selection The McGraw-Hill Companies, All Rights Reserved
Chapter 2 Organization Strategy and Project Selection McGraw-Hill/Irwin 2008 The McGraw-Hill Companies, All Rights Reserved 2-2 Why Project Managers Need to Understand the Strategic Management Process
More informationUnited Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI)
United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI) HSBC Progress Report 2013 Prepared by: HSBC Insurance Holdings Plc Date: 22 April 2014 UNEP
More informationNorthern Trust Corporation Liquidity Coverage Ratio Public Disclosure
Northern Trust Corporation Liquidity Coverage Ratio Public Disclosure For the quarterly period ended June 30, 2018 1 Northern Trust Corporation Liquidity Coverage Ratio Public Disclosure For the quarterly
More informationExam Questions PMI-RMP
Exam Questions PMI-RMP PMI Risk Management Professional https://www.2passeasy.com/dumps/pmi-rmp/ 1. You are the project manager of a new project in your organization. You and the project team have identified
More informationManaging risk appetite for operational and non-financial risks
Managing risk appetite for operational and non-financial risks John Thirlwell IIA, Bodø, 27 May 2013 Agenda What do we mean by operational and nonfinancial risks? What do we mean by risk appetite? A framework
More informationInformation Security Risk Management
Information Security Risk Management Based on ISO/IEC 17799 Houman Sadeghi Kaji Spread Spectrum Communication System PhD., Cisco Certified Network Professional Security Specialist BS7799 LA info@houmankaji.net
More informationSYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL) Principles and Practices of Management
Sample Questions: Section I: Subjective Questions 1. Write any four principles of the 14 general principles of management. 2. What do you understand by contingency approach? 3. Write down the types of
More informationIl Risk Management nei progetti chiavi in mano Saipem
Il Risk Management nei progetti chiavi in mano Saipem Convegno AICQ-CI La qualità e la sicurezza nelle infrastrutture Roma, 6 dicembre 2018 G. Gentile gennaro.gentile@saipem.com AGENDA Today s Presentation
More informationAppendix B: Glossary of Project Management Terms
Appendix B: Glossary of Project Management Terms Assumption - There may be external circumstances or events that must occur for the project to be successful (or that should happen to increase your chances
More information