Home » Seminars » Risk Management » Project Appraisal and Risk Management (Fast Track)

As of the moment, this course is currently not available on our training portfolio.
If you wish to inquire or request a run for this seminar, e-mail us at info@glomacs.ae or call us at +971 (04) 425 0700

Introduction

This GLOMACS training seminar emphasizes awareness of how to appraise a project for viability, feasibility and project risk.

When any organisation wants a solution to a business problem, purpose or opportunity, it needs to plan and develop a project that will provide an effective method of implementing the solution. At specific points along the project lifecycle, the organisation will need to appraise the potential project to make sure the project is in-line with strategy, will achieve its objective and success criteria and the chosen solution will solve the required problem. In addition, the organisation must understand all risks to the organisation, as well as to the project. In this context, project appraisal serves as the major process of analysing, approving or terminating the project.

Project management has a heavy focus on risk management; the ability to seize opportunities, minimize threats and to optimize results. Risk management is often treated as a reactive process, or worse, not done at all. In this course, a proactive approach to both sides of risk is explored: threats and opportunities. The approach is based on a clear understanding of both qualitative and quantitative approaches to risk management.

This GLOMACS training seminar will highlight:

  • Understanding the business vehicles for change: Projects, Programmes and Portfolios
  • Identifying the principles of the governance of project management
  • Evaluate vision, mission and strategy to guide strategic project selection
  • Examine the project mission
  • Understand financial appraisal techniques
  • Examine financial and economic decision making
  • Use a practical, six-step process to manage project risk
  • Examine threats and opportunities facing projects from both a top-down and bottom-up perspective
  • Learn how to use risk management strategies to create an effective risk monitoring plan
  • Understand project finance options

Objectives

This GLOMACS training program is designed to provide delegates with the skills and knowledge to successfully make decisions about projects throughout the project cycle. This means having a clear plan of what documents they should analyse and when, in decision making.

As such, delegates will:

  • Understand projects from a strategic perspective
  • Understand in the project lifecycle when gateways take place
  • Understand the role of project steering group
  • Understand the key contents of key documentation
  • Be aware of project financing
  • Understand, guide and be able to apply a Risk Management Process
  • Identify procurement strategies and contracts
  • Understand the benefits of Earned Value Management

Training Methodology

Participants to this GLOMACS training seminar will receive thorough training on the subjects covered by the seminar outline. The instructor will utilise proven adult learning teaching and facilitation techniques with theory and skill training, traditional lectures, as well as hands-on exercises, group discussions, video and case studies. Whilst important learning will take place, having fun and receiving memorable learning is paramount.

Organisational Impact

The organisation will greatly benefit from individuals understanding how project management governance operates in a systematic approach to decision making and managing project risk by focusing on:

  • How management make timely decisions
  • Understanding project decision making tools
  • Understanding the probability of completion within budget and time scales
  • Risk management planning in line with project objectives
  • People will understand the relationship between risk, issues, scope, cost & time

Personal Impact

Delegates will:

  • Make timely decisions based on a variety of structured economic, quality, time-based thought processes
  • Identify threats and opportunities and weigh up their relative value
  • Learn how to rank risks based on the amount of exposure to the organisation

Who Should Attend?

This GLOMACS training course is intended for individuals who want to understand, develop and refine their project decision making from a project governance perspective.

Professionals, no matter what their background i.e. engineering, information technology or business, will find this course relevant from the fundamental principles of project decision making, project economics and the modern techniques of project risk management.

This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit: 

  • Project Sponsors
  • Senior Directors and Managers
  • Project Managers
  • Project Management Professionals
  • Risk Managers
  • Subject Matter Experts

Seminar Outline

Day 1

MODULE 1 - Project Appraisal: Identification, Policy Analysis & Selection

  • Introduction
  • Projects, Programmes and Portfolios
  • Principles of Project Governance
  • The Project Steering Group
  • Strategic Context of Project Decision Analysis
  • Vision, Values, Mission and Strategy
  • The Balanced Scorecard
  • Financial, Customer, Business Process and Change / Growth Perspectives
  • Defining Project Scope and Estimating Timeline
  • The Purpose and Contents of the Business Case
  • The PMP
  • Evaluating Project Costs
  • Direct and Indirect costs

Day 2

MODULE 1 - Project Appraisal: Identification, Policy Analysis & Selection Continued

  • Project Analysis under Risk and Uncertainty
  • Viability vs. Feasibility vs. Risk
  • Strategic Project Selection
  • Linking Strategy and Objectives (Cause and effect)

MODULE 2 - Project Appraisal: Financial and Economic Factors

  • Source of Finance
  • Project Economic Evaluation
  • Project Finance
  • Investment Decisions
  • Traditional Project Delivery Systems
  • New Trends in Project Delivery Systems
  • Build-Operate-Transfer (BOT) Project Delivery
  • Project Feasibility Studies
  • Best Practices in Contractor’s Selection

Day 3

MODULE 2 - Project Appraisal: Financial and Economic Factors Continued

  • Managing, Controlling and Modelling Cashflow
  • Types of Cost
  • Upfront Costs
  • Annual Cost and Benefits
  • The Challenge of Financial Economic Decision-Making
  • Time Value of Money
  • Financial Analysis Techniques
  • Revisit the Key Concepts in Decision Making 
  • Earned Value Management

Day 4

MODULE 3 - Project Risk Analysis & Management

  • Risk Planning (Step 1): Plan the Approach to Risk Management
  • Risk Identification (Step 2)
  • Risk Assessment & Quantification (Step 3)
  • Risk Response Plan (Step 4)
  • Risk Management Plan Execution (Step 5)
  • Evaluating Risk Response Results (Step 6)

Day 5

MODULE 3 continued

  • The PPP Contract Model
  • Project Funding Solutions
  • Course Review and Summary

Accreditation

  • Quality Logo
  • Quality Logo

REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.

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Home » Seminars » Risk Management » Project Appraisal and Risk Management (Fast Track)

VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

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