Project Risk Manager (Mega Projects)

Key Accountabilities

• Establish and govern an enterprise grade project-level risk management framework aligned to mega-project governance with project controls, stage gates, and executive oversight 

• Integrate qualitative and quantitative risk analysis with cost and schedule forecasting to support contingency setting, forecasting, and project management decisions 

• Serve as an independent, objective advisor to project leadership on project health, uncertainty, and emerging threats with authority to challenge assumptions and forecasts 

• Enable proactive, analytics-based decision-making through clear risk reporting, trends, and early warning indicators through integrated cost/schedule analytics and scenario modeling. 

• Embed a strong risk culture across the project team, emphasizing risk ownership, monitoring, mitigation execution, and accountability 

• Own integration of risk into project forecasts and contingency strategy 

Core Responsibilities

• Develop and maintain the project risk management plan, risk taxonomy, scoring criteria, and governance cadence 

• Lead structured, cross functional risk identification and mitigation workshops across engineering, procurement, construction, and commissioning 

• Maintain a high-quality, audit ready risk register with clear risk statements, ownership, triggers, and residual risk 

• Perform cost and schedule quantitative risk analysis, quantifying uncertainty into probabilistic cost and schedule forecasts 

• Validate and recommend contingency levels based on quantitative analysis, track risk burndown, and assess mitigation effectiveness over time 

• Lead integration with project controls on baseline strategy, forecast credibility, progress measurement, and performance trends 

• Evaluate supply chain and execution risks, including long lead equipment, fabrication, logistics, labor, productivity, and site constraints and assess impact on cost, schedule and execution strategy. 

• Interface with contracts and commercial teams to assess risk allocation, change exposure, and claims risk 

• Monitor regulatory, permitting, interconnection, and stakeholder related risks 

• Produce concise executive level dashboards, narratives, and decision support materials 

• Support stage gate reviews, independent project assessments, and assurance activities 

• Perform Monte Carlo based Cost and Schedule Risk Analysis 

• Define and standardize risk workshop methodology and facilitation approach 

Qualifications

• Bachelor’s degree in Engineering, Construction Management, Project Management, or related discipline 

• 8+ years of experience in project analysis, risk management, project controls, or major capital project delivery 

• Experience supporting large megaprojects ($500M+; multibillion preferred) 

• Proficient in project governance methodologies like the Project Definition Rating Index (PDRI) and Front End Loading (FEL) Index 

• Strong understanding of integrated project controls, including cost, schedule, risk, change, and performance management 

• Experience capturing and documenting lessons learned 

• Demonstrated experience applying quantitative risk analysis to real world project decisions 

• Ability to translate complex project data into clear, defensible insights for senior leadership 

• Excellent facilitation, analytical, writing, and executive communication skills 

• Preferred – strong understanding of the project lifecycle, information maturity 

• Preferred – demonstrated ability to manage information uncertainty to drive proactive risk management 

• Experience in EPC/EPCm environments on complex, multi-stakeholder projects 

• Demonstrated ability to influence senior stakeholders and drive risk-informed decision making.