8 Project Risk Management courses in London

OVERVIEW -------------------------------------------------------------------------------- This course will help you manage project risk effectively by identifying, analyzing, and communicating inevitable changes to project scope and objectives. You will understand and practice the elements needed to measure and report on project scope, schedule, and cost performance. You will be equipped with the tools to manage change in the least disruptive way possible for your team and other project stakeholders.

ABOUT THIS COURSE Batteries are going to play an increasingly important role in the energy grid. An increasing number of developers are looking to add battery storage systems (BESS) into their existing projects. However future cash flows are highly uncertain and they are often unsure exactly how battery technology can be monetised. A strong revenue model requires stacking of different revenue sources. As the share of variable renewable sources in electricity systems further increase, battery systems are expected to play a growing role by providing frequency control and operational reserves as well as for wholesale arbitrage, while helping reduce grid integration costs. The more volatile electricity prices are, the greater the earning potential of batteries trading electricity on various electricity markets. BESS can generate revenue streams in several different ways; through a frequency response contract with the TSO, by providing grid services in other ways or by arbitrage through buying cheap power and selling power for a higher price in a liquid wholesale market. Because batteries are efficient, the round trip efficiency is also high. They can spread arbitrage trading much better than other storage types and in many cases, other asset classes. For companies that combine a battery with other tasks, for example to store power from their own panels, or to avoid a costly heavy power connection, the investment is less risky than for those that purely focus on arbitrage trading. It is uncertain whether electricity prices will fluctuate more violently in the coming years, or whether the peaks will actually level off. During this highly interactive training, the trainer will provide you with the latest insights and best practices on how to obtain the maximum economic benefits when participating with BESS in the electricity market. Training Objectives By the end of this course, the participants will be able to: * Discover the different BESS battery technologies and their impact on the grid * Understand the role of storage in providing flexibility to the power system * Examine the potential revenue streams from BESS models * Learn how profit can generated with BESS trading strategies * Determine how to optimize the value from BESS projects * Find out how to combine BESS with renewable PPAs Target Audience Professionals and executives from Power Utilities, Energy Companies, Financial & Investment Banks, Renewable Power Project Developers, Transmission System Operators and Energy Industry Regulators will find this training course useful. * Electricity Marketing and Traders * New Venture or Business Development Executives * Corporate Finance and Treasury Executives * Audit and Risk Management Executives * Power or Utility Market Research Analysts * Investment Managers for Renewable Power Projects * Origination Professionals * Regulation, Compliance and Documentation Officers * Lawyers and Accountants * Power Transmission and Distributions Engineers Trainer Our key expert is a skilled and accomplished professional with over 25 years' of extensive senior management / board level experience in the energy markets worldwide. Next to advising energy companies, banks, consultants and regulators regarding PPAs, our key expert has also conducted several highly successful training courses about Power Purchase Agreements, Power Project Finance, IPPs, and Project Risk Management to over 1,000 high level participants from Asia, Africa, Europe and Middle East. He was a member of the expert commission of the Dutch Government for 2 offshore wind parks, Hollandse Kust (zuid) Wind Farm Zone Sites 3 and 4 that advised on which of the 5 applicants did provide the best security and solutions associated with the electricity and green certificate prices, the construction and operational risks of the project. POST TRAINING COACHING SUPPORT (OPTIONAL) To further optimise your learning experience from our courses, we also offer individualized 'One to One' coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster. Request for further information post training support and fees applicable Accreditions And Affliations

All organisations today operate in an environment of constant and rapid change. Managing this change effectively is often achieved through a portfolio of formal projects. Many organisations today have qualified and experienced project management staff to run their projects. Some organisations today have dedicated functions, staff or processes to support their project management teams. The very largest organisations have in-house Enterprise Programme Offices, or project management specialists in corporate audit or risk functions; or organise 'Red Team Reviews' of a project by other staff with project management experience who are not participating in the reviewed project. But for many mid-size businesses and SMEs - and even some larger organisations - these resources are simply not available. For them, having access to external expertise to assure project management disciplines and to coach project managers can be a major contributor to project success. Such reviews can take place at project initiation; at major stage-gates (especially if significant capital is to be committed at the stage-gate); or at any other time if concerns arise concerning project quality, cost or timescales. And it is for those organisations that we offer the necessary expertise, on an ad hoc basis, in reviewing projects and coaching senior project management staff. A document review and workshop led by one of our consultants can help you assess whether: * The strategic goals and priorities for the project are clear and being addressed * Governance of the project within the business is defined and being effectively executed * Project roles and responsibilities are clear and effective * The credibility and robustness of the project plan can be enhanced * Performance measures and reporting procedures are effective * Critical risks are identified and being managed and contingencies are agreed * The roles, responsibilities and capabilities of the key players in the project team are fit for purpose * Budgets are realistic and costs being managed effectively * Communication and change management activities are effectively planned and being executed At your discretion, you can capture the outcomes from the workshop for yourselves, in terms of identifying opportunities for improvement, or you can have our consultant write a report and make recommendations to you.

Many organisations find that project teams struggle to create and maintain effective plans. Estimates are often overly optimistic and risks go unmanaged until the inevitable happens. Resource managers also find it hard to forecast the likely loading on their departments and requests for support are not provided in a consistent format. This programme has been developed to address these needs in a very practical, hands-on format. Case study work can be based on simulations or on the organisation's current projects for maximum benefit to participants. The aim of this training is to develop and enhance participants' planning and risk management skills in order to maximise the success of project work undertaken by the organisation. The principal training objectives for this programme are to: * Provide a structured, integrated approach to planning and risk management * Demonstrate practical tools and techniques for each stage of planning * Show how to organise and involve relevant people in the planning process * Explain how to use the plan for forecasting and pro-active project control * Identify ways to improve planning, both individually and corporately The course will emphasise the importance of participative planning techniques that improve the quality of plans whilst reducing overall time and cost of planning. The course will encourage discussion of internal procedures and practices and may be customised to include them if required. DAY ONE 1 INTRODUCTION (COURSE SPONSOR) * Why this programme has been developed * Review of participants' needs and objectives 2 PROJECTS AND PLANNING * Why plan? The benefits of good planning / penalties of poor planning * Planning in the project lifecycle; the need for a 'living' plan * The interaction between target setting and the planning process * Team exercise: planning the project 3 PLANNING THE PLAN * Defining the application and structure of the plan * Impact of planning decisions during the project lifecycle * Using available time to create an effective plan 4 DEFINING DELIVERABLES * Assessing the context; reviewing the goals and stakeholders * Developing the scope and defining deliverables; scope mapping * Understanding customer priorities; delivering value for money * Case study: defining the project deliverables 5 CREATING THE WORK BREAKDOWN * Building the work breakdown structure * Detailing the tasks and sub-tasks; structured brainstorming * Defining task ownership; the task responsibility matrix 6 CREATING AND USING A LOGICAL NETWORK * Developing the logical network; task boarding * Determining the critical path and calculating float * Accelerating the plan; concurrent programming and risk * Individual and group exercises DAY TWO 7 DEVELOPING RESOURCE SCHEDULES * Deriving the Gantt chart from the network * Developing the detailed resource schedules * Calculating the expenditure profile ('S' curve) 8 ESTIMATING TASK DURATIONS AND COSTS * Understanding estimates: effort, availability and duration * Estimating tools and techniques * Application of estimating techniques during the project lifecycle 9 CASE STUDY * Developing the project plan * Refining the project plan * Team presentations and discussion 10 MANAGING RISKS AND REFINING THE PLAN * Awareness of contractual issues associated with risk * Identifying and evaluating risks; deciding ownership * Managing risks: determining levels of provision and contingency * Controlling risks: maintaining an up-to date risk register 11 PLANNING FOR PRO-ACTIVE CONTROL * The earned value analysis (EVA) concept and its predictive value * Deriving the measures needed for cost and delivery performance * Practical issues associated with implementing EVA 12 USING AND MAINTAINING THE PLAN * Tracking progress and updating the plan * Publishing and controlling the plan 13 COURSE REVIEW AND TRANSFER PLANNING (COURSE SPONSOR PRESENT) * Identify ways of implementing the techniques learnt * Sponsor-led review and discussion of proposals * Conclusion

OVERVIEW -------------------------------------------------------------------------------- The Risk Analysis course is a highly demanded certification for roles in project risk management. It recognizes skills, competency, and competency in assessing and identifying project risks, mitigating threats and capitalising on opportunities, while still possessing core knowledge and practical application in all areas of project management. The risk management specialist role on project teams is becoming more important to an organization's success. This course has been designed to benefit professionals who have the responsibility of regularly making important business decisions and wish to enhance their Risk Management abilities and apply them to their businesses. Upcoming Events Online (USD 2250) Online Streaming Live (Flexible Dates) For more dates and Venue, Please email sales@gbacorporate.co.uk

Reliability Centred Maintenance (RCM) is commonly used to help establish safe minimum levels of maintenance, determine changes to operating procedures and help establish maintenance regimes and plans. Successful implementation can result in cost savings, machine uptime and improved risk management. But the devil's in the detail - how can you achieve these benefits and successfully implement RCM in your organisation? This programme will help you do just that. Note: this is a purely indicative outline. The content, duration, objectives and material used can all be adapted to match your specific requirements. To provide a better understanding of RCM, particularly: * What, why, how and who? * Opportunities and benefits * Risks * Cost effectiveness Note: this is a purely indicative outline. The content, duration, objectives and material used can all be adapted to match your specific requirements. 1 WHAT IS MAINTENANCE? * Why maintain? * Traditional maintenance methods * Common current practices and trends 2 WHAT IS RELIABILITY CENTRED MAINTENANCE? * Its history * Its development * Current usage * Where can it be cost-effective? 3 HOW DOES IT WORK? * Basic features * Key criteria * Maintenance options * Key outcomes 4 MAKING THE BUSINESS CASE AND PREPARING THE STRATEGY * Identifying and quantifying current risks * Identifying and quantifying current costs * Motivating decision-makers * Identifying and empowering those who have to deliver the results * Educating / gaining buy-in from interested parties 5 IMPLEMENTATION * Identify business functions * Prioritise functions * Verify correct usage * Identify failure modes * Identify the consequences of failure * Understand the failure process * Specify the appropriate maintenance action(s) 6 ONGOING REQUIREMENTS * Monitoring * Recording * Analysis * Continuous re-evaluation 7 OPEN DISCUSSION * Sharing experience and addressing specific issues of interest to participants * Course review * Close

Where should management effort be directed? In controlling costs and ensuring proper engineering in live projects? - yes, of course, but true cost control comes by understanding, eliminating and minimising risk prior to a business committing any funds. This course studies the stages required for practical financial and business appraisals of projects and capital expenditure. This course has two primary objectives: * To impart the knowledge and skills required to ensure as risk-free as possible expenditure of that scarce resource, cash - the investors', governments' or shareholders' money must not be squandered * To improve the quality of the appraisal process in the widest sense - demonstrating how the process of project and capital expenditure appraisal can be used to dramatically improve cost control and deliver as risk-free as possible expenditure As a result of the course, participants will be able to: * Understand the economics of appraisal * Be in control of their projects from the start * Understand the economics of their projects - and devise the most appropriate mode * Carry out sensitivity analysis and identify risk * Improve their methods of appraisal and approach * Focus on the risk areas and take out risk and control costs before they over-run The benefits of attending this course will be demonstrable from day one. Thorough appraisals and risk assessment follow through to success in project management and detailed cost control and project management. 1 INTRODUCTION * Why appraise? * Taking risk out of investment * The short- and long-term results of not appraising business expenditure 2 DEVELOPING AN APPRAISAL PROCESS * The process - overall and stage-by-stage objectives * Understand business and technical risks * Manage resources and time * Do you invest enough time and effort at this stage? * Take out the risks - control costs before you are committed to contracts and action * Checklists 3 APPRAISAL ARITHMETIC * Review of the arithmetic of appraisal * The time value of money * The effects of different interest or required rates * The effects of inflation (or deflation) in prices and costs * Understanding the economics of appraisal is essential 4 APPRAISAL MEASURES * Meaning and use of appraisal measures * Identifying the most appropriate measures for your particular business * Payback * Discounted cash flow measures - NPV and IRR * Other measures - FW, AW, Profitability Index * The meaning of the measures and their application in practice 5 COST BENEFIT ANALYSIS * The effect on decision-making of more intangible benefits * Cost benefit analysis * Ensuring costs are genuine * Measuring intangible benefits * Environmental issues * Consideration of intangible benefits in the appraisal decision-making process 6 DEVELOPING APPROPRIATE MODELS * Developing models - examples of spreadsheet models and measures for many different situations * Modelling investment opportunities - summarising outcomes * Sensitivity analysis - identifying, quantifying and taking out risk 7 DEVELOPING AN APPRAISAL PROCESS * The process - managing risk from the outset * Using the process in risk management, negotiating and project management * Take out risk by thoroughly knowing your project - developing your own process

This course is designed to enable learners to increase their understanding of risk assessment and risk management in Health and Social Care settings.