Overview

Managing risk is an integral part of good project management, and fundamental to achieving good business and project outcomes. Risk should be considered at the earliest stages of project planning, and risk management activities should be continued throughout a project. Risk management plans and activities should be an integral part of any organization’s management processes. In the real estate arena, risk management becomes a corner stone for the success of projects.

Moreover, Value management (V.M.)is a methodology that is known and accepted in the industrial sector . It is an organized process with an impressive history of improving value and quality. The value management process identifies opportunities to remove unnecessary costs while assuring that quality, reliability, performance and other critical factors will meat or exceed the customer’s expectations. The improvements of value management are the results of recommendations made by multidisciplinary teams representing all parties involved, so V.M. is a rigorous, systematic effort to improve the value and optimize the life cycle cost of facility. In real estate projects, V.M. will help integrate quality, serviceability, and cost reductions to ensure success of projects.

Thus, understanding risk and value management and applying their techniques can lead to improved outcomes by capturing opportunities and reducing risk exposure, and this what this training course aims to cover.

Objectives

Participants after completion of this training course will have:

·     Identified, analyzed, and assessed risks early and systematically, and developed plans for handling them.

·     Allocated responsibility to the party best placed to manage risks, which involve implementing new practices, procedures or systems or negotiated suitable contractual arrangements.

·     Used and applied techniques of risk management to their companies’ projects.

·     Understood the techniques of quantifying project risk.

·     Define the concept of quality and value for their businesses

·     Apply value management principles in their projects

·     Eliminate unnecessary costs

·     Apply Function Analysis Techniques

·     Know the basics for defining and choosing among alternatives

·     Maintain team work concept in their work

·     Apply creative solutions in projects through effective brain storming techniques

Target Group

Project Managers, Engineers, Real Estate Consultants, Developers, Investors, Owners and Managers

Duration:

5 Days

Venue:

Dubai

Fees:

US $ 2490