Project Risk Manager

Responsibilities:

• Oversee the entire project risk management process from initiation to closure within the Project Management Team (PMT).
• Understanding the project's objectives, constraints, and stakeholders' interests to tailor the risk management approach accordingly.
• Develop, review, and update the Project Risk Management (PRM) Plan in collaboration with relevant stakeholders.
• Plan and outline the strategy, methodologies, tools, and responsibilities for managing risks throughout the project lifecycle.
• Maintain and enhance the suite of PRM tools and templates used for risk identification, assessment, analysis, and response planning.
• Ensure these resources are easily accessible, user-friendly, and aligned with industry best practices.
• Take the lead in initiating and coordinating all PRM activities, including risk identification workshops, risk assessments, risk reviews, and status reporting.
• Facilitate cross-functional collaboration and ensure timely completion of all deliverables.
• Establish and enforce standards for the consistent gathering, documentation, and storage of risk information.
• Ensure that risk data is accurate, up-to-date, and readily available for analysis and decision-making purposes.
• Maintain the Risk Register as the central repository of all identified risks, their attributes, and corresponding response plans.
• Regularly update the Risk Register to reflect changes in risk exposure, mitigation efforts, and residual risks.
• Provide training sessions and ongoing guidance to project team members and stakeholders on the PRM process, including risk management principles, techniques, and tools.
• Foster a culture of risk awareness and proactive risk management within the project environment.
• Oversee the quantitative risk analysis process, which may include techniques such as Monte Carlo simulation, sensitivity analysis, and probabilistic modeling.
• Collaborate with relevant experts to ensure the accuracy and reliability of risk assessment results.
• Analyze and interpret the results of quantitative risk analysis and other monitoring activities to identify trends, emerging risks, and areas of concern.
• Provide insightful recommendations for risk response strategies and control actions based on these findings.
• Identify the need for external support services, such as specialized risk assessment tools, expert consultancy, or training programs, and coordinate their procurement and integration into the PRM framework as necessary

Requirements:

• Miniimum of 10 years experience
• BSc. Degree in a relevant course of study