About the role
Responsibilities:
- Risk Identification: Conduct risk identification workshops with project teams and stakeholders, identify project risks and interdependencies, and independently prepare a risk register.
- Qualitative Risk Analysis: Assess risk probability and impact, categorize risks as High/Medium/Low or Critical, assign risk owners, and define mitigation actions.
- Quantitative Risk Analysis: Perform quantitative schedule and cost risk analysis using Monte Carlo simulation and relevant risk analysis tools.
- Risk Mitigation: Develop mitigation and recovery plans to minimize the impact of identified risks on project timelines and costs.
- Contingency Planning: Prepare contingency budgets and cost models based on risk exposure, manage contingency costs, and ensure project margins are protected.
- Risk Monitoring: Track risks continuously, conduct monthly risk reviews, update the Risk Register, and assess changes in risk exposure.
Requirements:
- Hands-on experience managing the complete project risk management lifecycle independently.
- Practical experience in both qualitative and quantitative risk analysis.
- Mandatory: Experience performing quantitative schedule and cost risk analysis using Monte Carlo simulation through a relevant software tool.
- Experience in contingency planning, contingency cost calculation, and contingency management.
- Ability to develop risk mitigation strategies and recovery plans.
- An engineering background is mandatory.
Preferred Tools:
- Candidates should have hands-on experience with tools used for quantitative risk analysis, such as Primavera Risk Analysis, @RISK (At Risk), and Safran Risk.
- Equivalent tools may also be considered, provided the candidate has performed quantitative schedule and cost risk analysis using Monte Carlo simulation.