A Unique International PMC/ CEP/Project Risk Management & Analysis / 026

Programme on Project
Risk Analysis & Management

L&T Project Management Center, Vadodara Offers

Continuing Education Programme On
PROJECT RISK ANALYSIS AND MANAGEMENT
IN ASSOCIATION WITH
THE GEORGE WASHINGTON UNIVERSITY SCHOOL OF BUSINESS, USA
2201 G. ST., NW, SUITE 550 WASHINGTON, DC 20052

Duration: 3 Days – Residential Programme

Venue: MDC, Lonavala
Date: 21st to 23rd June 2010

GENESIS OF THE PROGRAMME

No project is risk free otherwise it is not worth doing. All project stakeholders face
risk of different types, impact and probability. Risks are the main determining factor
for success and failure of projects and each stakeholder must have a plan to manage
these risks before and after commitment to the project. Limiting the negative or
adverse impacts and maximizing the opportunities must be a best practice for
managing projects. Project Risk Analysis and Management will help you assess and
manage risks and opportunities at all the stages of the project from project
selection, initiation, design and development to implementation and closing.

The program has been conceived to bring in currently relevant international

practices in risk assessment and mitigation techniques for projects.

PROGRAMME DELIVERY PROCESS

The program’s delivery is a powerful and learning rich mixture of lecture (based on
current research and project risk analysis and management experience), relevant
case study analysis with challenging individual/group exercises and interactive
debriefing sessions that draw out powerful insights from participants.

FOR WHOM

This programme would be of immense use to SBU Heads, Project Directors, Project
Managers, Procurement Heads, Estimation Heads, Construction Managers,
Engineering Heads, and for people one or two levels below them. Finance &
Accounts Heads of the OCs/ODs may also attend this program. Additionally the Risk
Officers in the various OCs/ODs are also eligible to attend this program.

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This intensive educational and skills development program is for professional project
and portfolio managers with varying levels of decision making responsibility where
risk assessment and mitigation is critical to their successful delivery of projects – in
particular:

Power Projects
Upstream, Midstream & Downstream Oil and Gas and Petrochemicals
Infrastructure and PPP projects
Similar high value projects where risk identification and mitigation is vital.

REQUIREMENTS FROM PARTICIPANTS

The participants - individually and in teams – will be required to work through

stimulating, thought-provoking calculations of project risk.
Apart from inputs from the resource persons, we also expect the participants
to make presentations and to carry out extensive group discussions on their
experience and learning. Hence participants are requested to bring their
Laptop to facilitate various activities like presentation, case study etc .
The programme involvement is intensive and hence is designed as a
residential programme.
Programme attendance is Compulsory on all the days including the pre-
programme networking dinner on 20th evening. Late arrivals and early
departure are not permitted.
Being a high value-add program and the need for involvement, only those who
can devote quality time should opt for this programme.

PROGRAMME LEARNING OUTCOMES

The participants are able to:

Explain the role of risk management in strategy and operation of the

project.

Meticulously estimate a project using the contemporary tools and

techniques used for this foundational step.

Understand time, cost, quality, scope, technology, environment and other

risks associated with projects.

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Identify the potential risks for projects in their field of expertise or via
consulting with the specialists.

Assess each risk with regard to its probability of occurrence and the
possible impact.

Formulate a strategy building a strategic risk plan early in the project

business process.

Design and develop a plan for managing the risk

Decide on a management approach for the risk given a scenario

Provide a systemic view of possible outcomes and performance of the

strategy

PROGRAMME CONTENTS

A three day format from 9:00 a.m. to 5:00 p.m. each day; there will be lecture,
interactive dialogue, case study debriefing, simulations, and table top exercises
where participants work (individually and in teams).

The likely areas to be covered in the Course are:

Day 1:

Morning (9:00 am to 12:00 noon) Lunch Afternoon (1:00 pm – 05:00 pm)

• Introduction : Strategic Project • Project and portfolio risk

Management (SPM) and Risk.
• What is Strategic Project Management ?
• Projects and Portfolio selection:
alignment of the projects with the
strategy.
• Project and portfolio delivery method,
projects procurement strategy and
management.
• Projects and Portfolio control (time, cost
quality, scope).
• Case Study.
• Table top exercises.
management.
• Setting Contingencies for a project
or portfolio of projects: what are
the options ?
• AHP and risk management
• Independent project management
audit (process analysis).
• Project Success and Failure
• Case Study: SPRAM, AHP and other
qualitative approaches.
• Inter-active debriefing session.
• Q&A.

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Day 2

Morning (9:00 am to 12:00 noon) Lunch Afternoon (1:00 pm – 06:00 pm)

• Operational project risk analysis and • Simulation exercise

management (OPRAM) • Other Analytical models for
• Implementation/execution risks setting project buffer or
• Estimation and Scheduling Risks contingency duration
• Tools and techniques for managing Risk • Other Analytical models for
• PERT, does it really work ? setting project buffer or
• Case Study contingency cost

• Table top exercise • Case Study

• Inter-active debriefing session
• Q&A

Day 3

Morning (9:00 am to 1:00 noon) Lunch Afternoon (1:00 pm – 06:00 pm)

PRAM in Action: PRAM in Action :

• Calculation exercise on SPRAM using
• Calculation exercise using
AHP based on a project from L&T.
simulation based on a project
• Calculation exercise using PERT based
from L&T
on a project from L&T
• Calculation exercise using a new
• Comparative analysis of the results
analytical model based on a
• Q&A
project from L&T
• Comparative analysis of the
results
• Q&A and Closing.

RESOURCE PERSON

The course will be delivered by Dr. H. Khamooshi, Prof. of Project Management at

George Washington University, USA. He has 25 years of experience in training and
education of project management.

Dr.H.Khamooshi is a Ph.D. Management Science, from the Department of

Operational Research and Management Science and was awarded full scholarship for
Doctoral Course work for Ph. D. in Management by Lancaster University, LA1
4YW,UK. He has done his Master of Engineering (M. Eng.): Industrial Engineering and
Management from Asian Institute of Technology (AIT) Bangkok, Thailand and B.Eng.
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General Engineering, Major in Mechanical Engineering from Abadan Institute of

Technology (AIT) Abadan, Iran

He is currently working as Assistant Professor of Project Management with The

George Washington University, School of Business, Department of Decision Sciences,
Project Management Program and also as a Principle Lecturer in Management
Science, Deputy Head of School, University of Northampton (UCN, UK), Boughton
Green Road, Northampton, NN2 8SY,U.K.
Dr. H. Khamooshi has worked with:

National Iranian Oil Co. (NIOC), Tehran, Iran as a Associate Head of Vocational
Training Division and Senior Lecturer in applied OR and Project Management,
Management Training Project Engineer/Project Manager, Tehran Refinery.
Asian Institute of Technology Computer centre, Bangkok, Thailand as a
Research Associate in project management.
Industrial Management Institute (IMI)Tehran, Iran, as P/T Lecturer /
facilitator of training courses
CONSULTING EXPERIENCE:

Planning scheduling and control of a number of development projects within

the oil industry. Implementation of earn value analysis and earn value
management system (EVA: Earned Value Analysis) as part of Project control
for more than 10 years for National Iranian Oil Company.
Management of an information system development project for a 1000 bed
Hospital for Ministry of Health in Iran, as the project manager and was
responsible for EVA (Earned Value Analysis) and control of the project.
RESEARCH AND PUBLICATIONS:
His research area of interest is Project System Dynamics and planning in general and
more specifically Project Planning and Control, Project Risk Analysis and
Management, using operational research tools and techniques including
mathematical modeling and systems simulation.
GRANTS:

Lead Consultant and Manager of an information system project for a

manufacturing company in UK under TCS (Teaching Company Scheme) of UK.
A Grant of more than $200000 was secured for the university through this
collaboration of university and industry project (January 2002).
Has been awarded a grant for $55000 in collaboration with colleague Prof.
Cioffi to work on, and build a model for strategic analysis and decision making
in implementation of renewable energy (January 2009).
Member of the following committees for a number of years:
School Academic Board (1996-2002)
School Research Committee (1997-2002)
Faculty Academic Board (1994-2002)
Faculty Research Committee (1998-2002)
Faculty Academic Standard Committee (2000-2002)

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Book Publications:

Translation and publication of two books:

Workbook for Corporate Planning by Edward J. Green by AMA(American Management

Association publications), 1992
How to Audit General Management by John H. Mc.Connell by AMA (American
Management Association publications), 1992

Book Chapter
A Chapter on Project Selection in “ Enterprise Project Management” by Chandra
Sekhar, pages 172-188, ICFAI University Press,2005.

COURSE FEES NUMBER OF SEATS AND BATCHES

The course fees per participant per Total available seats per batch will be
day will be Rs.20,000/-. Course 30.
duration is of 3 days.
In the event of excess nominations
Early bird registration discount of Rs. another batch will be announced in
2000/- will be given for registration due course of time. Similarly if
received up to 15th April 2010. Hence nominations are below 15, course will
the programme fees will be be postponed to a later date.
Rs.18,000/- per participant per day FACILITIES
till 15.04.2010.
The course is a residential with
For Nomination received after 15th
boarding & lodging facilities during
April till 15th May 2010(Last date) the
the training days. The course will be
programme fees will be Rs.20,000/-
conducted in well – equipped
per participant per day
classroom.
This will be debited to the
department once the candidate is VENUE
nominated by the Superior. Cost is
indicated only for reference purpose MDC Lonavala
for the candidate.

PROGRAMME REGISTRATION & CANCELLATION

Registration done prior & till 15th April ‘2010, course fee of Rs.18,000/- per
participant per day will be applicable. (Early bird registration discount).

Applications received after 15th April till 15th May 2010(Last Date) the course fee
will be 20,000/- per participant per day.

All cancellation done after the cancellation deadline and registered

participants not attending the programme would entail full Debit of course
fees and related costs.

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HOW TO APPLY

All nominations should be routed through respective SBU/OD Head to Programme

Secretary.
Programme Secretary: Ms. Meera J.Purohit / Mr.Sajesh Thomas
E-mail: meera@lntenc.com, sajesh_thomas@lntenc.com
Phone: 0265 – 2454067, 0265 – 245 4068

L&T PROJECT MANAGEMENT CENTER AND ITS ACTIVITIES

L&T Project Management Center (originally called L&T Institute of Project

Management) was created in August 2008 and is headquartered at the Knowledge
City Campus in Vadodara (Baroda), Gujarat, India.

The charter of L&T Project Management Center (L&T PMC) is to:

Provide a high quality and relevant education in project management for all L&T
employees and prepare them to be proficient as contributing members of
project teams and also as excellent project managers.

Collate and disseminate the body of knowledge in project management as

practiced in Larsen & Toubro (L&T BOK) through structured courses in project
management.

Develop and deliver project management cases from projects undertaken by

Larsen &Toubro.

Benchmark global project management practices and incorporate these

practices in the curriculum thereby creating a Center of excellence in Project
Management.

Collaborate with leading intuitions of repute across the globe for research in
project management for enhancing excellence in project management.

Create a unique body of knowledge L&T BOK and document in archival

publications and textbooks

Develop and nurture a talent pool of project management trainers from the
practicing managers as a resource for the organization.

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