This document outlines the agenda for a Risk SIG meeting. The agenda includes sessions on risk terminology, industry views on risk from various presenters, and a discussion on how risk tools can help. There will be a survey on points related to project contingency, management reserve, and how risks are identified and quantified. The meeting will conclude with an open question and answer period with the presenters and a risk SIG annual general meeting.

1. Risk SIG
Understanding risk
contingency and
management reserve

2. Agenda
Session Time Speaker
Registration 09:00
Introduction/Welcome 09:30 Dave Scarbrough
Terminology and the risk and earned
value approach
09:40 Peter Campbell (Risk Advantage)
Industry View 10:25 Dave Scarbrough (Fujitsu)
Tea/coffee 11:10
Industry view 11:40
Mary Robinson & Dominic Wells
(Atomic Weapons Establishment)
lunch and networking 12:25
Industry View 13:25 Russell Newman (MACE Group)
Tea/coffee 14:10
How risk tools can help 14:40 Val Jonas (Risk Decisions Ltd)
Survey, discussion, Q&As 15:25 with all presenters
Summary 15:55 Chairman
AGM 16:10
End 16:30

3. Survey – Points to Note/Discuss
1. How would you describe the process for identification of PPP
contingency at bid or concept phase?
– 21% (3 people) Flawed – based on ad hoc processes or decisions without robust
justification
6. In your organisation what types of risks are covered by PPP
contingency?
– 21% (3 people) Threats and Opportunities
7. Thinking of your current or most recent PPP, which of the following
are/were specifically identified and quantified
– 64% (9) had some Management Reserve

4. Vote
 Agreed to:
Include a discussion on the similarities and
differences of risk threats and
opportunities and how they are managed
(and how they are included in contingency)
in the next edition of the PRAM guide

5. Survey – Points to Note/Discuss 2
8. What role does quantitative risk analysis play in setting PPP
contingency budgets?
– 72% (10 people) Use QA to some extent
13. How can monetary contingency be utilised on your PPP?
– 79% (11) To fund new proactive actions
– 43% (6) To fund new scope
– 64% (9) To fund overspends or increase profit

6. Survey, Discussion, Q&A - Panel
Presenters:
– Peter Campbell (Risk Advantage)
– Dave Scarbrough (Fujitsu)
– Mary Robinson & Dominic Wells (Atomic Weapons Establishment)
– Val Jonas (Risk Decisions Ltd)
Committee members:
– Vicky Barlow, Keith Harrison, Edi Hayward, David Hillson, Tim Warren,
Special Guest:
– Alex Davis APM PMO SIG

7. AGM