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Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Do mega-projects need

mega-governance?

Val Jonas, CEO Risk Decisions Group

Risk Capability for the new Victorian Age

APM Risk Sig Conference, 25th Jan 2018

3 May 2017

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Agenda

• What does good governance look like?

• Is it different for mega-projects?

• What skills are required for

governance?

• What is the optimal level of

involvement?

• How to encourage informed risk taking?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

What does good governance look like?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Project Governance

Project

Leadership (Sponsor)

Context

Risk Management

Responsibility

Stakeholders

Perspectives

Communication

Business

Business case

Strategic alignment

Decision taking (Gate Reviews)

Oversight

Performance

Regulatory compliance

Controls

Accountability

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Project Governance

• Focuses on outcomes

• Steers the project through change

• Involves lots of communication

It’s common sense

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Is it different for mega-projects?

Skip

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Mega Project Governance

Oversight

Performance x N2

Regulatory compliance

Controls

Accountability

Business

Business case x N

Strategic alignment x N2

Decision taking (Gate Reviews) X N2

Stakeholders

Perspectives x N

Communication x N3

Project

Leadership (Sponsor)

Context x N

Risk Management x N2

Responsibility x N

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Mega Project Governance

• Focus on outcomes

• Steer the project through change

• Involves lots AND LOTS of communication

(It’s still common sense)

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

What skills are required for governance?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Governance skills

• Far sighted

– Future scenarios

• Good listener and communicator

– Diplomacy

• Leadership

– Ask the right questions

– Not command and control

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

What is the optimal level of involvement?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Involvement

• Useful

• Organised

• Consistent

• Supportive

• Objective

• Forward looking

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

How to support informed risk taking?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Look to the future

• A positive attitude to risk

– Lead by example

– A problem shared is a problem halved

– Openess, honesty, transparency

• Keep risk management simple

– Focus on outcomes

– Stay informed, be proactive

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Do mega-projects need

mega-governance?

Well, yes…

but isn’t that a long-winded way of saying they

just need someone to make sure they’re doing

good, plain, honest

RISK MANAGEMENT

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Contactval.jonas@riskdecisions.com

http://www.linkedin.com/in/valjonas

www.riskdecisions.com

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