0401ALPC

Module
04 Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Project Controls
  • Be able to evaluate the purpose of Managing Risk & Opportunity and how making improvements to this governs or impacts the roles and responsibilities of the Project Controller
  • Be able to evaluate 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 Project Controller
  • Be able to evaluate the background supporting Managing Risk & Opportunity concepts, processes, tools and techniques and how modifying or improving them will change or impact the

0406ALFA

Module
04 Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Forensic Analysis
  • 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

0405ALFA

Module
04 Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Forensic Analysis

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

0404ALFA

Module
04 Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Forensic Analysis
  • 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

0403ALFA

Module
04 Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Forensic Analysis
  • 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 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 evaluate 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 evaluate the use of force field analysi

0401ALFA

Module
04 Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Forensic Analysis
  • Be able to evaluate the purpose of Managing Risk & Opportunity and how making improvements to this governs or impacts the roles and responsibilities of the Forensic Analyst
  • Be able to evaluate 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 evaluate the background supporting Managing Risk & Opportunity concepts, processes, tools and techniques and how modifying or improving them will change or impact the rol

0406ALCM

Module
04 Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
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 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

0405ALCM

Module
04 Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Cost Management
  • 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

0404ALCM

Module
04 Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Cost Management
  • 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