Val Jonas APM RISK MANAGEMENT SIG CONFERENCE

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The document discusses governance needs for mega-projects. Mega-projects require "mega-governance" which involves increased oversight, communication, and management of risks, stakeholders, and decisions compared to standard projects. Effective governance focuses on outcomes, steers projects through change, and involves extensive communication. It requires skills like foresight, listening, leadership, and asking the right questions rather than command and control. The optimal level of governance is useful, organized, consistent, supportive, objective, and forward-looking. Governance can support informed risk-taking by maintaining a positive attitude toward risk and keeping risk management processes simple and focused on outcomes.

Business

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Do mega-projects need
mega-governance?
Val Jonas, CEO Risk Decisions Group
Risk Capability for the new Victorian Age
APM Risk Sig Conference, 25th Jan 2018
3 May 2017

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Agenda
• What does good governance look like?
• Is it different for mega-projects?
• What skills are required for
governance?
• What is the optimal level of
involvement?
• How to encourage informed risk taking?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
What does good governance look like?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Project Governance
Project
Leadership (Sponsor)
Context
Risk Management
Responsibility
Stakeholders
Perspectives
Communication
Business
Business case
Strategic alignment
Decision taking (Gate Reviews)
Oversight
Performance
Regulatory compliance
Controls
Accountability

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Project Governance
• Focuses on outcomes
• Steers the project through change
• Involves lots of communication
It’s common sense

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Is it different for mega-projects?
Skip

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Mega Project Governance
Oversight
Performance x N2
Regulatory compliance
Controls
Accountability
Business
Business case x N
Strategic alignment x N2
Decision taking (Gate Reviews) X N2
Stakeholders
Perspectives x N
Communication x N3
Project
Leadership (Sponsor)
Context x N
Risk Management x N2
Responsibility x N

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Mega Project Governance
• Focus on outcomes
• Steer the project through change
• Involves lots AND LOTS of communication
(It’s still common sense)

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
What skills are required for governance?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Governance skills
• Far sighted
– Future scenarios
• Good listener and communicator
– Diplomacy
• Leadership
– Ask the right questions
– Not command and control

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
What is the optimal level of involvement?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Involvement
• Useful
• Organised
• Consistent
• Supportive
• Objective
• Forward looking

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
How to support informed risk taking?

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Look to the future
• A positive attitude to risk
– Lead by example
– A problem shared is a problem halved
– Openess, honesty, transparency
• Keep risk management simple
– Focus on outcomes
– Stay informed, be proactive

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Do mega-projects need
mega-governance?
Well, yes…
but isn’t that a long-winded way of saying they
just need someone to make sure they’re doing
good, plain, honest
RISK MANAGEMENT

Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Contact
val.jonas@riskdecisions.com
http://www.linkedin.com/in/valjonas
www.riskdecisions.com

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