0403ALCM

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Cost Management
  • 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 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 evaluate the use of brainstorming or expert opinion has on the accuracy reliability and precision of data used in cost estimating/budgeting
  • Be able to compare and evaluate the us

0401ALCM

Module
04 Managing Risk & Opportunity
Sub-Module
M04-1 Introduction to Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Cost Management
  • 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 Cost Estimator/Quantity Surveyor
  • 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 Cost Estimator/Quantity Surveyor
  • Be able to evaluate the background supporting Managing Risk & Opportunity concepts, processes, tools and techniques and how modifying or improving th

0406ALPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-6 Risk & Opportunity Monitoring and Control
Level
Master Level (Senior / Lead Controls Practitioner)
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 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

0405ALPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-5 Risk & Opportunity Response Strategies and Tactics
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • 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

0404ALPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-4 Assess, Prioritize and Quantify Risks & Opportunities
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • 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

0403ALPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • 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 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 evaluate 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 evaluate the use of force field a

0401ALPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-1 Introduction to Managing Risk & Opportunity
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • 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 Planner/Scheduler
  • 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 Planner/Scheduler
  • 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 r

0406CLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-6 Risk & Opportunity Monitoring and Control
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Project Controls
  • Given a case study, scenario or real life example be able to read or interpret the results of a Statistical Process Control chart and use that information as the basis to analyze the process and make recommendations
  • Given a case study, scenario or real life example be able to collect the data, plot it and then read or interpret the results of a Pareto Diagram and use that information as the basis to analyze the process and make recommendations
  • Given a case study, scenario or real life example be able to collect the data, perform the calculations, then read or interpret
Subscribe to