risk contingency and management reserve
DESCRIPTION
presentation at APM Risk SIG Conference 110413TRANSCRIPT
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Risk Contingency and Management Reserve at AWE – A Case Study
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Introductions
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Objectives
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The Risk Budget
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Overview of Confidence Modelling
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Overview of Confidence Modelling
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Why does AWE Confidence Model?
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Further Reasons AWE Confidence Models
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Confidence Modelling Projects
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Inputs to The Model
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How inputs Interact with Each Other
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Tools to create the Confidence Model
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Dividing the Risk Pot
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Dividing the Risk Pot
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Noah’s Ark Project
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Management Audit of ARK Project
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ARK Project – Risk and Issues
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ARK Project – Change Process
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ARK Project – Successful Outcome
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Managing Risk
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Example – Early Access to Building
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Issue Management
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Issue – Early Access to Building
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Change Control – Variation Note
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Variation Note - Early Access to Building
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Change Control – Change Note (1)
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Change Control – Change Note (2)
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Change Note - Early Access to Building
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Risk Drawdown
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Reporting on Drawdown – Impacted Risks
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Reporting on Drawdown - Reserves
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Summary
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Any Questions? Observations?