A Project Risk Manager manages the project risks within a project team. They are responsible for identifying, defining, qualifying, and quantifying project risks. Selection of risk strategies and development of risk response plans also form part of the role. Risk Managers are especially valuable to clients executing large and complex capital projects where risks proliferate quickly.
Develop and maintain the project risk management plan and a risk register.
Define and identify risks through formal/informal workshops, meetings, and conversations.
Develop risk cost and time contingencies with the Project Manager and team.
Quantify and qualify risks using company standard/leading international practices.
Manage and control risks, select appropriate risk strategies, develop, and execute risk response plans.
Maintain project risk documentation and report the project risks status to stakeholders.
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