September 2015

Effective Risk Management Tools and Techniques

Status: Advanced online registration is now closed. Please email Jennifer Chan at [email protected] to be placed on the waiting list.
Date: Friday, September 18, 2015
Time: 8:00 AM-8:30 AM: Registration and Breakfast
8:30 AM-4:30 PM: Effective Risk Management Tools and Techniques
Location: Holiday Inn Vancouver-Centre (Ballroom East), 711 W. Broadway Vancouver, BC
Presenter: Dr. Mohamed Elbarkouky, P.Eng., PMP, Project Management Training Solutions
Credit: 7.5 Formal Professional Development Hours (PDH)
Cost: Early Bird Price Engineers and Geoscientists BC Member: $419.00 + GST = $439.95 until Sept 4, 2015

Engineers and Geoscientists BC Member and EIT/GIT Regular Price: $519.00 + GST = $544.95

Non-Member Price: $519.00 + GST = $544.95

Student Member Price: $259.50 + GST = $272.48
Please Note: *A minimum number of registrations are needed by September 04, 2015 to proceed with this seminar. Please register early to avoid cancellation.
**All prices are subject to applicable taxes.
Contact: Jennifer Chan | Professional Development Coordinator
Direct: 604.412.4861
Toll Free: 1.888.430.8035 ext.4861
Fax: 604.639.8180
Email: [email protected]
This course explains the risk management process for a typical project from risk planning and assumptions analysis to risk monitoring and control. The course covers the following risk management processes: risk planning, risk identification, qualitative and quantitative risk management techniques, risk response planning, and risk monitoring and control. Attendees will be required to participate in class exercises, as well as individual and group work.

Special Features 

Upon successful completion of this course, participants will be able to:
  1. Understand the content of a risk management plan
  2. Develop a risk breakdown structure, using different techniques and understand how to identify risks for inclusion in the Risk Register
  3. Use risk prioritization techniques to rank construction risks
  4. Apply quantitative techniques to determine project contingency
  5. Plan construction project risk responses, monitor and control significant risks, and implement proper mitigation strategies
Who should attend?
This seminar is intended for project managers, functional managers, and other professionals who are involved in planning, executing, monitoring and controlling projects. The course will help attendees to better plan, identify, analyze, control, and respond to project risks, as well as to estimate project contingency. Basic understanding of project management knowledge is recommended but is not required.

Course Outline
  1. Introduction to Project Risk Management: definitions, concepts, and applications
  2. Plan Risk Management: outline, inputs, tools and techniques, outputs, sample Project Risk Management Plan, impact scales, probability scales
  3. Identify Project Risks: risk breakdown structure, inputs, tools and techniques, outputs, sample risk register, Delphi Method exercise
  4. Perform Project Qualitative Risk Analysis: inputs, tools and techniques, output; Sample: Risk Register Update; Exercise: Probability-Impact Matrix
  5. Perform Project Quantitative Risk Analysis: main inputs, tools and techniques, outputs, Monte Carlo Simulation; Exercise: Expected Monetary Value Analysis and Decision Tree Analysis
  6. Plan Project Risk/Opportunity Responses: main inputs, tools and techniques, outputs, insurance and bonds
  7. Monitor and Control Project Risks: main inputs, tools and techniques, and outputs
Dr. Mohamed Elbarkouky is an expert in project management and control. He has more than 17 years of practical experience in his field of practice. He managed and controlled a large number of complex projects in Canada, the U.S., Europe, Africa, and the Middle East. He has extensive experience of oil and gas, power plants, infrastructure, and building construction projects. Dr. Elbarkouky has a Ph.D. in construction engineering and management from the University of Alberta. He is also a Professional Engineer in Alberta and a Project Management Professional (PMP) of the PMI. He is the CEO of a project management training organization that is specialized in teaching professional and academic courses in project management, risk analysis, contract administration, scheduling, cost estimation, and project planning and control in Alberta, Saskatchewan, BC, and NWT.

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