The Risk Managers primary focus is on the management and coordination of risk management, ensuring that all elements of risk to the project are identified, analysed, reported and solutions/mitigations developed and implemented.
The main duties of a risk manager are:
- Coordination of risk management to ensure effective project delivery to the highest industry standards.
- Undertaking both qualitative and quantitative risk assessment (QRA for cost and prolongation risk related to time activities) to support informed and evidence-based decision making within the project.
- Building and promoting a risk-aware culture across the project which includes increasing levels of awareness, understanding and commitment to risk management issues.
- Ensuring a program of individual and small group risk reviews and reports are completed to facilitate an accurate understanding of actual and potential risk exposures across the project and facilitating solutions and mitigations, including any required controls and actions. Capturing the data in a risk register to manage the project risk profile.
- Completing risk reporting associated with monitoring project contingency and potential scope modifications made during the project.
- Coordinating and reviewing project status reporting and assisting with arrangements for key governance meetings.
- Providing subject matter expert advice to the project management team in relation to risk management.
- Supporting the project controls and contract management functions as required.
