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Why not recommend PM Lifeline to a friend?
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| BPUG CONGRESS: ADVICE FROM THE FRONT LINE OF BUSINESS |
Ref: N/1856
Date: 19/11/2008
Contributor: PM Lifeline Editorial, PM Lifeline
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| Managers facing challenging circumstances as they steer their organisations through the recession are invited to a 40 minute Business Boot Camp, taking place at the International Congress for Programme and Project Management on 10 February 2009.
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| BPUG Congress |
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Colonel Bob Stewart DSO – a former UN Commander and master military strategist - will kick off the event with this intensive training session. “I will provide delegates with a unique insight into business management and strategy, drawing upon lessons from real-life military scenarios,” Colonel Stewart says.
He will look at how business situations can be assessed using highly practical Intelligence techniques: “I’m going to show how to set realistic targets, providing the tools to ensure these targets are achieved within time and on budget. I’ll illustrate how military planning techniques can be applied as an invaluable aid to business decision-making.”
RISK: GOING BACK TO BASICS
Delegates’ understanding of risk will be aided by attending a session run by Harpy Lally of Davis Langdon. Harpy says: “These days people learn about and start practicing Risk Management before fully understanding risk itself. Professional risk managers are very able to run the process but they’re not able to convey the meaning and consequence of risks to the participants in projects.”
Harpy’s session will take risk managers back to basics, highlighting to the audience instances of how they may not have thought through the risks they face everyday.
“Most people employ mitigation strategies which are either excessive or inadequate for the risks they face,” he says. “Mostly this is due to lack of understanding of the probability of certain events happening and/or a poor awareness of the severity of the impact. Wrong mitigation strategies are employed by people on a personal level for the same reasons that they are applied on projects…a lack of information leading to a lack of understanding.”
RISK MANAGEMENT AND FRAUD PREVENTION AT THE OLYMPIC DELIVERY AUTHORITY
The Olympic Delivery Authority’s risk specialists will also be sharing their experiences with delegates at the Congress. The ODA is the body responsible for delivering venues and infrastructure for the London 2012 Olympic and Paralympic Games. It was formed in 2005 and adopted a 2:4:1 strategy – 2 years to design, 4 years to build and 1 year to test. It is currently in the ‘Big Build’ phase of the project.
David Law, Head of Risk & Audit and Chief Risk Officer and Rob Hoccom, Head of Fraud Prevention will position some of the risks facing both the wider Olympic Programme and the many individual projects associated with it. They will also discuss the steps being taken to strengthen fraud prevention and promote a fraud awareness culture.
“In common with all major projects effective risk management is key to successful delivery,” David Law says. “Our session will describe the risk governance framework through which the project will be delivered, a key element of which is the ‘3 lines of defence’ under which Line management represents the first line of defence; a strong Programme Assurance Office represents the second line of defence; and Risk & Audit represents the third line of defence.”
Law and Hoccom will discuss how the ODA is managing risk and position the scale of The Olympic Park Project – which is slightly larger than Hyde Park. “There are 35 sub projects underway at the moment and landscaping the park is one of them. This means transforming a wasteland into the Olympic Park. We’re currently finding lots of interesting items such as hundreds of old shopping trolleys, a Second World War US Jeep and the remains of a Spitfire which is partly composed of radio active material,” Law says.
Hoccom will also detail how fraud risk is combated on many different fronts: “Some of the potential fraud risks associated with the construction of the Olympic Park include colluding to obtain contracts in the procurement process or billing for the supply of large quantities of materials like sand, but under delivering on those supplies.”
The ODA and its sister company the London Organising Committee of the Olympic Games also have to contend with the formation of new companies with London 2012 in their company name. The ODA work closely with the authorities to investigate all such companies.
A BROAD PROGRAMME
The Congress represents an ideal opportunity for delegates to gain an insight into the latest news regarding the update of PRINCE2 and features a broad programme of speakers from both the public and private sectors. The event also provides excellent networking opportunities during the day and evening at its Gala Dinner.
The event takes place on 10-11 February 2009 at the Radisson Edwardian Hotel, Heathrow. A full conference pass costs £550 + VAT. Discounts for BPUG members are available. For further details and to register visit www.bpugcongress.com
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