0403CLPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Planning & Scheduling
  • 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

0402CLPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-2 Develop Managing Risk & Opportunity Policies & Procedures Manual
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Planning & Scheduling
  • 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

0401CLPS

Module
04 Managing Risk & Opportunity
Sub-Module
M04-1 Introduction to Managing Risk & Opportunity
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Planning & Scheduling
  • 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 Planner/Scheduler
  • 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 va

0406PLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-6 Risk & Opportunity Monitoring and Control
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Be able to identify and explain how statistical process control charts are set up, calculated and used in the context of project controls
  • Be able to identify and explain how Pareto Charts are set up, calculated and used in the context of project controls
  • Be able to identify and explain how Process Capability is set up, calculated and used in the context of project controls
  • Be able to differentiate between accuracy, precision and reliability and explain how each applies in the context of project controls data
  • Be able to identify and explain how Contingenc

0405PLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-5 Risk & Opportunity Response Strategies and Tactics
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Be able to identify and explain the various strategic options for risk and/or opportunity management in the context of project controls
  • Be able to identify and explain how decision trees are set up and calculated as applied to project controls

0404PLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-4 Assess, Prioritize and Quantify Risks & Opportunities
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Be able to explain the difference between qualitative and quantitative risk/opportunity analysis and compare the advantages and disadvantages in in the context of project controls
  • Memorise the PERT formulas and be able to explain how and when they are used in project controls, including the ability to read, understand and apply z-Tables
  • Memorize the formula to calculate EMV and be able to explain how and when EMV is used in project controls
  • Be able to explain how Monte Carlo simulation can or could be used in project controls

0403PLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-3 Identify Risks & Opportunities
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Be able to differentiate between standardised and ad hoc WBS structures and when and how to use a WBS for risk/opportunity management in the context of project controls
  • Be able to explain the elements or components of a well-designed risk/opportunity register and know and understand how to apply the associated formulas in the context of project controls
  • Be able to explain the differences between primary and secondary risk/opportunities
  • Be able to list and explain the various risk/opportunity management tools/techniques as applied in project controls
  • Be a

0401PLPC

Module
04 Managing Risk & Opportunity
Sub-Module
M04-1 Introduction to Managing Risk & Opportunity
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Be able to define and explain the purpose of Managing Risk & Opportunity and how that governs or impacts the roles and responsibilities of the Project Controller
  • Be able to define and explain the relationships between risks and opportunities, scope and quality in the context of project controls

0406PLFA

Module
04 Managing Risk & Opportunity
Sub-Module
M04-6 Risk & Opportunity Monitoring and Control
Level
Professional (Practitioner / Project Manager)
Discipline
Forensic Analysis
  • Be able to identify and explain how statistical process control charts are set up, calculated and used in the context of forensic analysis/claims assessment
  • Be able to identify and explain how Pareto Charts are set up, calculated and used in the context of forensic analysis/claims assessment
  • Be able to identify and explain how Process Capability is set up, calculated and used in the context of forensic analysis/claims assessment
  • Be able to differentiate between accuracy, precision and reliability and explain how each applies in the context of forensic analysis/c
Subscribe to