Managing Project Risks

Masterclass

Join us to explore essential techniques for identifying, analysing, and managing risks. Discover who should be involved in workshops, how to facilitate discussions effectively, and how to proactively address threats and opportunities. We’ll dive into quantitative risk analysis, risk treatment strategies, and post-mitigation planning. Learn how effective risk management can enhance your projects by saving time, cutting costs, and optimising outcomes—especially when managing public funds.

Timestamps

0:00 - 04:25: Introduction and risk workshop agenda

04:25 – 08:00: Managing threats and opportunities

08:00- 12:03: Quantitative cost risk analysis

12:03- 14:58: Quantitative schedule risk analysis

14:58 – 16:28: Strengths and limitations of Monte Carlo sampling

16:28-17:49: Risk monitoring and reporting

Transcript

About the speakers

Rob Davies has +30 years’ experience of helping clients understand and manage risks to which they are exposed on large capital investment projects across a variety of industry sectors. He has worked with different client types including local authorities, government departments, developers, private investors, senior lenders, regulators, and operators. He has provided advice at all project lifecycle stages, making reliable contributions to feasibility studies, optioneering, business cases, design development, procurement structuring, tender evaluation, and contract management.
Valia Nikoli has thorough experience in Project Controls and Risk Management and can conduct Quantitative Risk Analysis (cost and schedule) with various software. She currently works in the Programme Controls Workstream of STEP (UKAEA), developing and advising the approach for Programme Controls. She is also involved in developing the Risk Management approach for Hydrogen Heating Network (DESNZ). Valia’s background in Civil Engineering has provided her with deep understanding of the construction industry and the associated risk.