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Seminars

Webinar CPD on Risk Progression & Contingency Management

If comparing a project to a building structure, a comprehensive and well written Contract would equate to strong pillars. Where this is absent, thus missing a solid foundation, then this is called “Risk Management”.

Date:
Wed 18 Jul 2018
Time:
06:30 PM - 08:00 PM
Venue:
Online
CPD:
1.5 hours formal CPD
Available
AED50 + VAT

Overview

The Risk Management Plan has been developed. All major risks have been identified and include an associated risk response plan. Adequate costs for contingencies were allocated into the budget. There is also a Risk Register in place with risk owners actively monitoring how risks will be progressing moving forward. Great job? But you are not quite done yet.

As you progress towards project execution you will learn that more risks will emerge. Sometimes these risks have a negative impact on project objectives. Moreover, the team does not have enough time to deal with them. Even worse, there is no resource allocated for contingency measures against them. There is also the problem that most risk owners are the same people executing the job. The real dilemma here is that the team have missed these risks, or the contingency measure is inadequate. The opportunity to address risks during detailed design was most likely not fully capitalized. Due to improper planning and project execution, the team creates even more risks.

Learning outcomes

Using real project scenarios and everyday examples, attendees will have a better appreciation on how to establish an “execution driven” risk management approach. Attendees will also learn how the conventional Risk Management Processes maps through a “backward pass” progressive method. Where more risks will be filtered out and the project team will not contribute to creating more risks. Else, a more effective contingency measure can be established, and mitigation measures can be implemented more effectively.

Meet the speaker

Gholan Medalla has over 20 years of hands on Project Management and Project Controls experience. This is with various overseas assignments such as Saudi Arabia, Canada, Iraq, UAE, Hong Kong, Singapore, Japan and the Philippines.

He specializes in planning & project controls (claims and forensic analysis background), and with substantial experience in design, project execution, estimating, cost, contracting and risk management. He has also implemented, maintained and lead developments of robust Project Controls Systems, tools, KPIs, and processes.

Agenda

18:00 – 18:30     Skype call will be open for audio testing
18:30 – 19:30     Speaker presentation
19:30 – 20:00     Q&A

Please note

  • Do not send payment via bank transfer as this form of payment is no longer accepted for CPD events.
  • We are unable to reserve a place at this event unless payment is made.
  • The presentation will start promptly at 18:30. If you have not signed in by this time (18:30), you will not be able to claim your 1.5 CPD hours.
  • Just a gentle reminder that your recorded CPD hours are monitored by our Regulation team and you are unable to claim Formal CPD hours if you did not attend the event.
Available
AED50 + VAT
Book now