Project Risk Management

Principal Accountabilities

Provide Risk Management professional advice to Project and Programme Managers.

Application of risk management processes and systems.

Lead the identification of risks on behalf of the Project Manager, providing experience based independent challenge to the project team and stakeholders Role Profile

Lead the retrieval and analysis of background information from Project and Programme Managers / project documentation, its environment and lessons learnt from previous related projects.

Research into projects key stakeholders prior to risk workshops to inform the capture of appropriate Risks.

Organise and facilitate risk workshops with all relevant team members and external stakeholders to ensure effective contributions to the forming of the risk register.

Across multiple complex projects and programmes, capture all risks to the appropriate level of detail, applying a range of techniques, such as brainstorming workshops, prompt lists, Delphi techniques and one to one interview.

During risk workshops / reviews, provide independent challenge based on expert experience to ensure all relevant risks are considered, proposing new ideas based on your previous experience or knowledge of similar projects.

Ensure all required information is captured clearly and unambiguously within the Risk Register, including owners, actions, dates, categories. assumptions and risk mitigation actions, as defined in the Risk Management Procedures.

Administration responsibility of risk management database.

Define the project or programme risk appetite to determine the risk tolerance level in relation to project overall cost and using your own professional judgement establish whether a risk should be assessed quantitatively / qualitatively.

Carry out complex project and programme Quantitative Cost Risk Analysis (QCRA) and Programme Schedule Risk Analysis (QSRA) using industry recognised risk analysis software to ensure suitable project budget and a deliverable project schedule is established.

Review QRA model outputs and provide recommendations to key stakeholders and the project team on the significance of the potential delays and / or cost increase.

Be the risk technical specialist actively contributing to relevant working / steering groups.

Identify and report risk trends and highlighting the top risks (Critical and High) to project delivery. Actively review and monitor those risks to reduce the overall risk profile.

Work to tight deadlines and timescales, resulting from significantly changeable priorities, producing quality, complex reports and analyses based on risk and issues relating to each Project.

Prepare and lead on periodic reports to inform others, including the production and update of Risk Management written reports and provision of any associated information in a timely manner, to meet the wider project reporting and management requirements, ensuring quality outputs.

Close liaison with Project Managers of any outstanding risk management activities undertaken by them to ensure risk is managed effectively on their projects.

Actively input into the continuous improvement of the Risk Management Department.

Essentials :

8 to 12 years of experience with a strong working knowledge of risk management in a project execution related environment

Experience of developing QSRA models

Risk management application knowledge at project & programme levels.

Strong analytical skills and problem-solving skills.

Professional level associated qualifications or Postgraduate qualifications are not essential but advantageous if degree is in an unrelated subject (i.e. undergraduate / postgraduate degree, IRM Diploma or Certificate, APM Risk Certificate, PMI-RMP, MoR Practitioner)

Appropriate Membership of one or more risk management / project management professional bodies (i.e. IRM / APM)

Mandatory Skills

Risk Assessment, Risk Identification, Risk Mitigation