Major Engineering Projects: Governance, Risk and Scope

Start Date: 07/05/2020

Course Type: Common Course

Course Link:

Explore 1600+ online courses from top universities. Join Coursera today to learn data science, programming, business strategy, and more.

About Course

Gain confidence when dealing with stakeholders of major projects by learning to identify and manage those that are involved in the project planning and delivery. This course will enable you to explore project governance in theory and practice. Through real life examples you’ll understand how the critical challenges of the governance in major projects are resolved. Being able to successfully manage risk and uncertainty in major projects is vital for their delivery. In this course you’ll learn to distinguish between risk and uncertainty and the role of risk register. You’ll identify the unique challenges of scope management in major projects and employ scope management tools and techniques that will facilitate your project planning. This course explores concepts analysed in the University’s Online MSc in Engineering Management. If you are interested to develop your skills further, take a look at our online degree.

Deep Learning Specialization on Coursera

Course Introduction

Major Engineering Projects: Governance, Risk and Scope In this course, you will learn to design and guide major engineering projects. You will gain a thorough understanding of the concepts of Governance and Risk and the role of Scenarios. You will be able to design effective portfolios, portfolios that cover the major risks of your project. You will also be able to develop a strong understanding of the principles of project governance and accountability. You will also gain a firm grasp of major engineering project concepts and techniques. You will be able to design portfolios that cover the major risks of your project and choose the projects that deliver the greatest value for your money. After completing this course, you will be able to: 1. design portfolios and management structures for major engineering projects 2. design portfolios and management structures for major engineering projects 3. design portfolios and management structures for major engineering projects 4. motivate participants to create a good and timely governance and risk management plan for their projects 5. design portfolios and management structures for major engineering projects 6. design portfolios and management structures for major engineering projects 7. choose projects that deliver the greatest value for your money Major projects are identified by the Government of Canada as one of the largest infrastructure investments in Canadian history. Over the past decade and a half, major projects have accounted for more than a third of total government spending. This course is the first in a series on the Major Engineering Investments, and the third in a series on the Government of Canada. We strongly encourage you to

Course Tag

Related Wiki Topic

Article Example
Risk governance The scope of risk governance encompasses public health and safety, the environment, old and new technologies, security, finance, and many others.
International Risk Governance Council IRGC’s activities include developing concepts of risk governance, improving the understanding of major emerging risk issues, and providing risk governance policy recommendations for stakeholders and decision-makers.
Governance, risk management, and compliance Governance, risk management, and compliance or GRC is the umbrella term covering an organization's approach across these three areas: Governance, risk management, and compliance.
International Risk Governance Council IRGC's activities focus on emerging risk issues, slow-developing catastrophic risks, risk governance deficits, and the fostering of risk governance cultures worldwide.
Risk governance Risk governance goes beyond traditional risk analysis to include the involvement and participation of various stakeholders as well as considerations of the broader legal, political, economic and social contexts in which a risk is evaluated and managed.
Scope creep Scope creep is a risk in most projects. Most megaprojects fall victim to scope creep (see "Megaprojects and Risk"). Scope creep often results in cost overrun. A "value for free" strategy is difficult to counteract and remains a difficult challenge for even the most experienced project managers.
Risk governance As an interdisciplinary field of research, risk governance draws insight from such diverse fields as toxicology, epidemiology, psychology, sociology, anthropology and economics.
Governance, risk management, and compliance GRC is a discipline that aims to synchronize information and activity across governance, risk management and compliance in order to operate more efficiently, enable effective information sharing, more effectively report activities and avoid wasteful overlaps. Although interpreted differently in various organizations, GRC typically encompasses activities such as corporate governance, enterprise risk management (ERM) and corporate compliance with applicable laws and regulations.
International Risk Governance Council IRGC is characterised by a decentralised network structure of public, private and scientific institutions involved in risk management and risk governance.
Operational risk management Forrester Research has identified 115 Governance, Risk and Compliance vendors that cover operational risk management projects. Active Agenda is an open source project dedicated to operational risk management.
Risk governance Risk governance refers to the institutions, rules conventions, processes and mechanisms by which decisions about risks are taken and implemented. It can be both normative and positive, because it analyses and formulates risk management strategies to avoid and/or reduce the human and economic costs caused by disasters.
Governance, risk management, and compliance Each of the core disciplines – Governance, Risk Management and Compliance – consists of the four basic "components": strategy, processes, technology and people.
Risk Governance: Coping with Uncertainty in a Complex World Risk Governance: Coping with Uncertainty in a Complex World is part of "The Earthscan Risk in Society Series" of books. Published in 2008, the book brings together and updates the well-known work of risk theorist and researcher Ortwin Renn, integrating concepts of risk in the social, engineering and natural sciences. "Risk Governance" presents the context of risk handling before proceeding through the core topics of assessment, evaluation, perception, management and communication. The main focus is on systemic risks, such as genetically modified organisms, which have a high degree of complexity, uncertainty and ambiguity, and with major repercussions on financial, economic, and social impact areas.
Governance, risk management, and compliance Governance, Risk Management, and Compliance (GRC) are three facets that help assuring that an organization meets its objectives. Governance is the combination of processes established and executed by the directors (or the board of directors) that are reflected in the organization's structure and how it is managed and led toward achieving goals. Risk management is predicting and managing risks that could hinder the organization to achieve its objectives. Compliance refers to adhering with the company's policies, procedures, laws and regulations.
International Risk Governance Council IRGC has developed the Risk Governance Framework, whose stated purpose is "to help policy-makers and regulators both understand the concept of risk governance and apply it to their handling of risks." The Framework has been used and discussed in many institutions and organisations, including the European Food Safety Authority, the Health Council of the Netherlands, the UK Treasury, the US Environmental Protection Agency, and other private and public organisations.
Legal governance, risk management, and compliance The ACC does not address LGRC exclusively, but can be credited with laying some foundations for corporations – the original practitioners of governance, risk management, and compliance – and legal departments to begin to work together on overarching issues of governance, risk management, and compliance.
Governance Institute of Australia In addition, Governance Institute offers two risk specific postgraduate courses: Graduate Certificate of Applied Risk Management and Graduate Diploma of Applied Risk Management and Corporate Governance. These courses are intended for risk management practitioners and senior managers with responsibility for risk management and corporate governance functions. It is also highly relevant for governance practitioners seeking to broaden their risk management skills.
Risk analysis (engineering) Probabilistic risk assessment is one analysis strategy usually employed in science and engineering.
International Risk Governance Council The International Risk Governance Council (IRGC) is an independent non-profit organisation, based at École Polytechnique Fédérale de Lausanne (EPFL) in Lausanne, Switzerland. IRGC works to improve the understanding, management and governance of emerging systemic risks that may have significant adverse consequences for human health and the environment, the economy and society.
International Risk Governance Council Amid a number of risk management and regulatory failures in the late 1990s, several academics proposed to the Swiss State Secretariat for Education and Research to create an International Risk Governance Council. IRGC was established by the Swiss Federal Assembly as an independent and international body to bridge increasing gaps between science, technological development, decision-makers and the public.