0405ELPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-5 Risk & Opportunity Response Strategies and Tactics
Level
Expert Level (Controls Manager)
Discipline
Planning & Scheduling
  • 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

0404ELPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-4 Assess, Prioritize and Quantify Risks & Opportunities
Level
Expert Level (Controls Manager)
Discipline
Planning & Scheduling
  • 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

0403ELPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Expert Level (Controls Manager)
Discipline
Planning & Scheduling
  • 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 planning/scheduling
  • Be able to create a way to test, measure or otherwise validate the impact of secondary risks in the context of planning/scheduling
  • 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 planning/scheduling
  • Be able to compare and m

0402ELPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-2 Develop Managing Risk & Opportunity Policies & Procedures Manual
Level
Expert Level (Controls Manager)
Discipline
Planning & Scheduling
  • 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

0401ELPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-1 Introduction to Managing Risk & Opportunity
Level
Expert Level (Controls Manager)
Discipline
Planning & Scheduling
  • 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 Planner/Scheduler
  • 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 Planner/Scheduler
  • Be able to synthesize what is covered in the background supporting Managing Risk & Opportunity

0406ALPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-6 Risk & Opportunity Monitoring and Control
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Project Controls
  • 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 evaluate 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 the process

0405ALPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-5 Risk & Opportunity Response Strategies and Tactics
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Project Controls
  • Be able to evaluate 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 evaluate 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 the amount at stake for accurac

0404ALPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-4 Assess, Prioritize and Quantify Risks & Opportunities
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Project Controls
  • Be able to evaluate the probability of a risk/opportunity event happening and evaluate 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 evaluate the advantages of changing qualitative risk/opportunity analysis into quantitative methods and then calculating the appropriate values for both probability and impacts

0403ALPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Project Controls
  • To be able to evaluate 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 project controls
  • Be able to create a way to test, measure or otherwise validate the impact of secondary risks in the context of project controls
  • Be able to compare and evaluate the use of brainstorming or expert opinion has on the accuracy reliability and precision of data used in project controls
  • Be able to compare and evaluate the use of force field analysis o
Subscribe to