0405CLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-5 Risk & Opportunity Response Strategies and Tactics
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Project Controls
  • Given a case study, scenario or real life example be able to determine what the appropriate Risk Response STRATEGY should be
  • Given a case study, scenario or real life example be able to determine what the appropriate Opportunity Response STRATEGY should be
  • Given a case study, scenario or real life example be able to apply the Decision Tree formula to calculate which option is "best" or "better"

0404CLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-4 Assess, Prioritize and Quantify Risks & Opportunities
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Project Controls
  • Given a case study or example be able to use the data provided to calculate the EMV and explain how you would use the results to prioritize the risks/opportunities and determine what strategic and tactical responses would be appropriate
  • Given a case study or example be able to turn qualitative data into quantitative data and discuss the pros and cons of using quantitative vs qualitative data for project controls purposes
  • Given a case study, scenario or real life example be able to apply the PERT formula to calculate how much contingency should be allocated to meet the t

0403CLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Project Controls
  • Be able to identify common WBS templates and discuss the pros and cons of using "standardized" vs ad hoc or customized WBS structures
  • Be able to demonstrate or explain how you make use of primary and secondary risk/opportunity analysis tools/techniques in the context of project controls
  • Be able to demonstrate or explain how you make use of brainstorming or expert options to conduct a risk/opportunity analysis in the context of project controls
  • Be able to demonstrate or explain how you make use of Force Field or SWOT Analysis tools/techniques to conduct a risk/op

0402CLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-2 Develop Managing Risk & Opportunity Policies & Procedures Manual
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Project Controls
  • Assuming you were asked to create an SOP, be able to explain how you would design an SOP for Project Controls
  • Be able to list and explain the components or elements which should be included in any SOP
  • Be able to demonstrate how to use Double Loop Learning to modify or update your SOP

0401CLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-1 Introduction to Managing Risk & Opportunity
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Project Controls
  • Be able to analyze the purpose of Managing Risk & Opportunity and how applying what is contained in this module governs or impacts the roles and responsibilities of the Project Controller
  • Be able to demonstrate or illustrate the differences between risks and opportunities
  • Be able to show how risks/opportunities are related to or can impact scope, time, cost and quality
  • Be able to identify the risk/opportunity process steps and order or sequence them appropriately
  • Be able to demonstrate the ability to create a risk/opportunity register, populate the v

0406CLFA

Module
04 Managing Risk & Opportunity
Sub-Module
M04-6 Risk & Opportunity Monitoring and Control
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Forensic Analysis
  • 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 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 read or interpret the results of a Process Capability Analysis and use that information as the basis t

0405CLFA

Module
04 Managing Risk & Opportunity
Sub-Module
M04-5 Risk & Opportunity Response Strategies and Tactics
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Forensic Analysis
  • Given a case study, scenario or real life example be able to determine what the appropriate Risk Response STRATEGY should be
  • Given a case study, scenario or real life example be able to determine what the appropriate Opportunity Response STRATEGY should be
  • Given a case study, scenario or real life example be able to apply the Decision Tree formula to calculate which option is "best" or "better"

0404CLFA

Module
04 Managing Risk & Opportunity
Sub-Module
M04-4 Assess, Prioritize and Quantify Risks & Opportunities
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Forensic Analysis
  • Given a case study or example be able to use the data provided to calculate the EMV and explain how you would use the results to prioritize the risks/opportunities and determine what strategic and tactical responses would be appropriate
  • Given a case study or example be able to turn qualitative data into quantitative data and discuss the pros and cons of using quantitative vs qualitative data for forensic analysis purposes
  • Given a case study, scenario or real life example be able to apply the PERT formula to calculate how much contingency should be allocated to meet the

0403CLFA

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Forensic Analysis
  • Be able to identify common WBS templates and discuss the pros and cons of using "standardized" vs ad hoc or customized WBS structures
  • Be able to demonstrate or explain how you make use of primary and secondary risk/opportunity analysis tools/techniques in the context of forensic analysis
  • Be able to demonstrate or explain how you make use of brainstorming or expert options to conduct a risk/opportunity analysis in the context of forensic analysis
  • Be able to demonstrate or explain how you make use of Force Field or SWOT Analysis tools/techniques to conduct a risk/

0402CLFA

Module
04 Managing Risk & Opportunity
Sub-Module
M04-2 Develop Managing Risk & Opportunity Policies & Procedures Manual
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Forensic Analysis
  • Assuming you were asked to create an SOP, be able to explain how you would design an SOP for Forensic Analysis
  • Be able to list and explain the components or elements which should be included in any SOP
  • Be able to demonstrate how to use Double Loop Learning to modify or update your SOP
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