Responsibilities
-To assess risk levels on meeting project schedules, potential fatal flaws, budget and scope changes and the resulting impact to the project and the resulting impact to the project and the program
-Confers with management to determine risk indicators and the level of acceptability of a risk or group of risks prior to conducting risk analysis.
- Identifies risks to the project, such as potential flaws, budget and scope changes and resulting impact.
- Assesses each risk against established indicators and places them into an order of importance based on their likelihood and potential consequences.
- Develops a detailed plan of action for project risk reduction, confirming desirability and objectives, and identifying the most appropriate means of reducing each risk based on level of acceptability and cost of corrective action.
-Summarizes the risk analysis conducted, and prepares courses of action based upon the level and types of risk present, and defines monitoring requirements.
- Presents plans to management, for authority to proceed and to ensure that staff or cost commitments are fully appreciated, and that the approach being proposed for risk management is in line with the overall strategy of the organization.
- Identifies available resources for the elimination, reduction or mitigation measures to be implemented.
- Monitors that action plan to reduce or correct project flaws is being implemented, that execution of the plan is having the desired effect on the risks identified, and that the management of risk processes is applied effectively.
- Coordinates the communication and execution of the risk management plan with existing organizational activities, particularly those concerned with the development of the project itself and to harmonize the implementation of both risk reduction and project work.
- Regularly assesses action plan progress to ensure that objectives are achieved as intended, that project risk reduction efforts are effective, or if they are failing then identify new measures that need to be put into place.
- May conduct a new risk analysis if corrective action required is significant in terms of cost and time, especially if it involves several risks. Helps identify the possible options based on project size, length, criticality of project to the business, and experience of the project team.
- May perform other such duties as the supervisor may from time to time deem necessary.
Requirements
- Bachelor's degree in engineering. Graduate degree desirable. Management coursework a plus.
-Minimum 7 years of related experience, at least 3 of these in project management.
-Demonstrated knowledge of risk analysis methods and techniques.
-Demonstrated ability to accurately compile and analyze project data from a variety of sources; ability to identify risks, flaws, budget inconsistencies and other problems, and recommend solutions.
-Ability to perform mathematical and statistical calculations and prepare tables, graphs, and charts for presenting and analyzing information.
-Technical writing ability to prepare reports that document research and analysis procedures and present results.
-Strong computer skills and proficiency with the Windows operating system and Microsoft Office applications, especially Word and Excel; experience with relational database management, and statistical analysis (SPSS) and software is highly desirable.
-Excellent organizational skills, attention to detail, and the ability to maintain accurate records and work on several concurrent projects.
-Job requires visual acuity, eye-hand coordination, and manual dexterity to review multiple documents and utilize computer.
-Ability to communicate clearly both orally and in writing.
-Ability to work under the pressure of multiple projects.
-Travel may be required. For those positions where frequent local travel is required and no company vehicle is available, incumbent must own, and be legally able to operate, a motor vehicle. The vehicle must be in good working order, and insured. Mileage reimbursement allowance will be available.
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