0403ELFA

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Expert Level (Controls Manager)
Discipline
Forensic Analysis
  • To be able to manage the evaluation of the existing WBS and other coding structures against "best tested and proven" examples and propose changes or modifications to assist in the context of managing risk/opportunity in forensic analysis
  • Be able to create a way to test, measure or otherwise validate the impact of secondary risks in the context of forensic analysis
  • Be able to compare and manage the evaluation of the use of brainstorming or expert opinion has on the accuracy reliability and precision of data used in forensic analysis
  • Be able to compare and manage

0402ELFA

Module
04 Managing Risk & Opportunity
Sub-Module
M04-2 Develop Managing Risk & Opportunity Policies & Procedures Manual
Level
Expert Level (Controls Manager)
Discipline
Forensic Analysis
  • Be able to manage the design of a model SOP for project controls
  • Given an example of an SOP, be able to critique it and manage the identification of improvements
  • Given a case study or example be able to update the SOP based on "Lessons Learned" from the Double Loop Learning process

0401ELFA

Module
04 Managing Risk & Opportunity
Sub-Module
M04-1 Introduction to Managing Risk & Opportunity
Level
Expert Level (Controls Manager)
Discipline
Forensic Analysis
  • Be able to integrate the process, tools techniques and methodologies contained in Managing Risk & Opportunity and understanding the purpose and how the managemnt of improvements to this governs or impacts the roles and responsibilities of the Forensic Analyst
  • Be able to manage the processes associated with Managing Risk & Opportunity and analyze how making improvements to those processes will change or modify the roles and responsibilities of the Forensic Analyst
  • Be able to synthesize what is covered in the background supporting Managing Risk & Opportun

0406ELCP

Module
04 Managing Risk & Opportunity
Sub-Module
M04-6 Risk & Opportunity Monitoring and Control
Level
Expert Level (Controls Manager)
Discipline
Cost Management
  • Be able to set up the collection of data being used as INPUTS to the Statistical Process Control analysis and be able to test or validate both the probabilities be sufficiently competent with 3 and 6 sigma tools and techniques to be able to identify out of control processes and conduct a root cause analysis to correct them
  • Be able to manage the evaluation of the data collected and plotted by others for a Pareto Analysis, review the results and validate or confirm the accuracy, reliability and precision of the analysis and results and provide constructive criticism to improve th

0405ELCP

Module
04 Managing Risk & Opportunity
Sub-Module
M04-5 Risk & Opportunity Response Strategies and Tactics
Level
Expert Level (Controls Manager)
Discipline
Cost Management
  • Be able to manage the evaluation of historical records and "lessons learned" to determine the effectiveness of current STRATEGIC risk responses, followed by devising better or alternative strategic risk responses
  • Be able to manage the evaluation of historical records and "lessons learned" to determine the effectiveness of current STRATEGIC opportunity responses, followed by devising better or alternative strategic opportunity responses
  • Be able to analyze the data being used as INPUTS to the Decision Tree process and be able to test or validate both the probabilities and

0404ELCP

Module
04 Managing Risk & Opportunity
Sub-Module
M04-4 Assess, Prioritize and Quantify Risks & Opportunities
Level
Expert Level (Controls Manager)
Discipline
Cost Management
  • Be able to manage the evaluation of the probability of a risk/opportunity event happening and manage the evaluation of the impact of each event, followed by devising better or alternative ways to reduce the probability if the event is negative or increase the probability if the event is positive and/or reduce the cost/time impact if the event is negative or increase the cost/time impact if the event is positive
  • Be able to assess and manage the evaluation of the advantages of changing qualitative risk/opportunity analysis into quantitative methods and then calculating the approp

0403ELCP

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Expert Level (Controls Manager)
Discipline
Cost Management
  • To be able to manage the evaluation of the existing WBS and other coding structures against "best tested and proven" examples and propose changes or modifications to assist in the context of managing risk/opportunity in cost estimating/budgeting
  • Be able to create a way to test, measure or otherwise validate the impact of secondary risks in the context of cost estimating/budgeting
  • Be able to compare and manage the evaluation of the use of brainstorming or expert opinion has on the accuracy reliability and precision of data used in cost estimating/budgeting
  • Be abl

0402ELCP

Module
04 Managing Risk & Opportunity
Sub-Module
M04-2 Develop Managing Risk & Opportunity Policies & Procedures Manual
Level
Expert Level (Controls Manager)
Discipline
Cost Management
  • Be able to manage the design of a model SOP for project controls
  • Given an example of an SOP, be able to critique it and manage the identification of improvements
  • Given a case study or example be able to update the SOP based on "Lessons Learned" from the Double Loop Learning process

0401ELCM

Module
04 Managing Risk & Opportunity
Sub-Module
M04-1 Introduction to Managing Risk & Opportunity
Level
Expert Level (Controls Manager)
Discipline
Cost Management
  • Be able to integrate the process, tools techniques and methodologies contained in Managing Risk & Opportunity and understanding the purpose, and how the management of improvements governs or impacts the roles and responsibilities of the Cost Estimator/Quantity Surveyor
  • Be able to manage the processes associated with Managing Risk & Opportunity and analyze how making improvements to those processes will change or modify the roles and responsibilities of the Cost Estimator/Quantity Surveyor
  • Be able to synthesize what is covered in the background supporting Managin

0406ELPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-6 Risk & Opportunity Monitoring and Control
Level
Expert Level (Controls Manager)
Discipline
Planning & Scheduling
  • Be able to set up the collection of data being used as INPUTS to the Statistical Process Control analysis and be able to test or validate both the probabilities be sufficiently competent with 3 and 6 sigma tools and techniques to be able to identify out of control processes and conduct a root cause analysis to correct them
  • Be able to manage the evaluation of the data collected and plotted by others for a Pareto Analysis, review the results and validate or confirm the accuracy, reliability and precision of the analysis and results and provide constructive criticism to improve th
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