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30th September | Free of charge | Online | 09:00-10:00 BST | 1 Hour

Overview

Risk is the manner in which uncertainty, fortune & circumstance impact on the successful completion of a project’s stated objectives.

Project risks can materialise in many forms, from bad weather, to resource shortages, to cost escalations, to delivery delays, to vendor unreliability, to regulatory restrictions, to macro-global issues happening on the other side of the world. The nature of a project’s risks can be broad and varied, and if left untreated or unplanned for, such risks can cause significant project disruption, cost escalations and schedule slippages.

Of particular relevance and interest, is how as a Major Project experiences any increases in situational complexity and/or uncertainty, the nature of the prevailing risk exposures will shift thereby requiring a suitably aligned and bespoke level of management awareness, intelligence and responsiveness to successfully counteracting the resultant risks.

Speaker

Dr Warren Black, Founder & Principal, Complexus
Warren is an accredited Engineer & Risk Specialist who has a particular interest in understanding how the complexity sciences might offer a better means to controlling emergent risks within highly complex & uncertain, engineering environments. In this regard, he holds a PhD in Risk Engineering from the Queensland University of Technology. Warren has over 30 years experience in major infrastructure and has worked on numerous projects across multiple industries, countries and continents. He currently works as the Queensland Lead for Risk & Resilience advisory services at the global engineering firm, KBR. For his contribution to industry, in 2018 and was awarded the Risk Advisor of the Year title by the Risk Management Institute of Australia. He was also runner up for the Engineers Australia, Risk Engineer of the year in 2023. In 2024 he was appointed to the governing committee for the Queensland Chapter of the Engineers Australia, Risk Engineering Society. In summary, Warren is demonstrably a leading Risk & Resilience thinker, educator and practicing officer and his contribution to the advancement of his profession is well documented.

To find out more and to register, please click the link below.

External URL: https://www.icheme.org/knowledge-networks/communities/special-interest-groups/mining-and-minerals/events/30-09-2024-how-complexity-uncertainty-influences-risk-within-major-engineering-projects-and-how-to-mitigate-their-resultant-effects/