Business & Project Management
Hello, dear friend, you can consult us at any time if you have any questions, add WeChat: THEend8_
CIVE5001 Business & Project Management (BPM)
2BPM Lecture Programme - Overview
01
PART B – PROF ATULA ABEYSEKERA
WEEK LECTURE ASSIGNMENT
17-Feb
14.00-16.00
L6: Introduction to the Risk Management Process
• Risk register
• Black swans
24-Feb
14:00-16.00
L7: Performing a Risk Assessment for a Construction Project
• Risk Framework
• Risk appetite
• Risk assessment
Case Study
27-Feb
09.00-11.00
L8: Funding Projects
• Stakeholder Management
• Investment submission
• Risk versus trade-off
• Funding sources
Case Study
10-March
14.00-16.00 L9: Coursework Clinic
Coursework due
date:
28-April
3Lecture 9 – Agenda
01 Coursework Clinic: Technical Challenge – Part A
02 Coursework Clinic: Technical Challenge – Part B
02 Coursework Clinic: Essay Challenge
01
4Coursework 2 – Part A
01
Risk management involves identifying risks,
assessing their potential impact, developing risk-
mitigation plans, and implementing these plans. The
objective of this task is to set out a risk management
framework and governance structures and perform a
high-level risk assessment to manage project risk
and uncertainty. In 1,500 words or less answer all
parts of the below questions.
A. What were the key parts of
the risk framework used for a
major civil engineering project
and explain how they were
managed and controlled? Citing
your reasons, explain how effective they
were.
B. Assume the role of the
principal civil engineering
contractor before the
construction stage & produce a
Risk Assessment Table of the
top 10 risks. Explain your
rationale for identifying these
risks and determining
the impact and probability
scores. Set out how you would mitigate
the risks using the 4Ts.
Submission
• Due date: 28 April
• TOTAL Word limit PART A and
B: 1500 words
Reading
• Use material from Lectures
• Minimum reading- denoted by **
5Coursework: Part A – Step by Step Guide
01
• Step 1: Identify a major civil engineering project which
used a risk framework. Explain which project you
selected in the introduction.
• Step 2: Read ISO 31000 (minimum reading) to get clear
the definitions
• Step 3: How would you describe the key parts of the
framework for the project you selected.
• Step 4: Explain how the project managed and controlled
risks
• Step 5: Explain how its effectiveness – your opinion
backed up with evidence
6London Olympics: Governance
01
A multi-party
partnering
agreement (or
arrangement) to
share risks and
incentivise to
achieve project
objectives
Client
Olympic Delivery
Authority (ODA)
Tier 1 Contractors
Sir Robert Alpine,
Balfour Beatty
Delivery Partner
CLM
Consortium
London Olympics – Corporate Governance Structure
Governance Framework
‘How the project sponsor and stakeholders organised to support delivery of objectives’
7Governance Framework (Example 2)
01
Client
Danish Government
Femern Link Contractors (FLC)
VINCI
Aarleff
Soletanche Bachy
Femern A/S
Governance Framework
• “How the project sponsor and stakeholders are organised to support
delivery of objectives”
Femern A/S– Corporate Governance Structure
Femern Belt Contractors (FBC)
Boskalis
Van Oord
8Risk Framework: Definitions
International Organisation for Standardisation (ISO) 31000
definition:
A risk management framework is a set of components that
support and sustain risk management throughout the project.
There are two types of components; foundations and
organisational arrangements.
1. Foundations include your risk management policy,
objectives, mandate, and commitment - ‘documenting
how to manage risks?’ (see Crossrail Risk Policy)
2. Organisation arrangements include the plans,
relationships, accountabilities, resources, processes
and activities you use to manage your organisation’s
risk – ‘documenting who is accountable’
01
9London Olympics Risk Framework – Three Lines of
Defence
London Olympics Three Lines of Defence Model
1ST LINE OF
DEFENCE
2ND LINE OF
DEFENCE
EXTERNAL
STAKEHOLDERS
3RD LINE OF
DEFENCE
C
or
po
ra
te
Pr
og
ra
m
m
e
Pr
oj
ec
t
DCMS
External
Stakeholders
(GLA, LDA, IOC,
Treasury, etc.)
Project
Teams
ODA Front
Line Teams
Audit
Committee
Risk & Audit
Programme
Board
Programme
Assurance
Delivery
Partner
3rd Party
Project
Teams
Audit reviews
01
ST I
ND I
RD I
C
or
po
ra
te
Pr
og
ra
m
m
e
Pr
oj
ec
t
xternal
takeholders
(GLA, LDA, IOC,
Treasury, etc.)
r j ct
s
r t
i s
it
itt
isk it
r r
r
r r
ss r c
liv ry
rt r
Project
Teams
it r vi s
10
Organisation arrangements – Lecturing at Imperial – Three
Lines of Defence
The Three Lines of Defence
1st Line of Defence
2nd Line of Defence
3rd Line of Defence
LECTURER
DUG / DRS
JBM R
IS
K
F
R
A
M
E
W
O
R
K
Head of Department,
Civil Engineering;
Dean, Faculty of
Engineering, Imperial
College
01
11
Crossrail: Three Lines of Defence Model
Crossrail Three Lines of Defence Model
3rd Line: Independent Assurance
Independent challenge and assurance
Internal Audit, External Audit, Sponsors Representative
CIAG (Crossrail Integrated Assurance Group)
2nd Line: Oversight Functions
Set policy and procedure and provide functional oversight
Quality, Finance Controls, Technical, Risk Management
1st Line: Delivery Teams