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Welcome to the 4th Project Risk Management (PRM) Conference will be held; 

When: December 1, 2023 (Fri)  13:00 - December 2, 2023 (Sat) 18:00 (Korean time)

          (November 30, 2023(Thu) 8:00pm~December 2, 2023 (Sat) 1:00am, Pacific time)
Where: Goo-am Lifelong Learning Center Auditorium, Yuseong-gu, South Korea (online ZOOM is available)

The PRM Conference is organized by K-Risk (Korea Risk Expert Society) is to be held annually to share the expertise and experience of individuals/organizations who study/implement risk management in projects and organizations, and to make Korean project risk management techniques more applicable in practice. After holding the first conference in Seoul in November 2020, we are pleased to continue ever since.


This event is open not only to organizations that need skills in risk analysis and management and reliability, also to the professionals in a wide range of risk-related fields, and to all individuals in general, including graduate students, researchers, public officials, and entrepreneurs who want to learn more about how to deal with risk management/reliability/uncertainty. 


We hope that all those who are making important decisions about uncertainties that affect your business goals, will share your valuable experiences and gain valuable wisdom from others in this conference.


K-Risk will continue to work with its readers to ensure that risk management becomes ingrained in the culture of Korean governments and companies, and operates an official blog ( for continuous communication.


We hope that you will take advance of the conference as an opportunity to develop your organization/project/asset's risk management into a culture that enables you to perform risk management systematically.

The conference will be held in Daejon City, Online participation is encouraged for your time and cost effective benefits. Presentations by submitting pre-recorded video footage are also possible. A link to ZOOM for online speakers and participants will be provided to personal contact information.

To learn more about K-Risk, check out the site below.

K-Risk Blog (


For any inquiries, please contact the chairman directly below, who will be happy to assist you with. We will send you an official invitation email or letter as needed. If necessary, a video conference ccall is to be available. Email us for time-set up and for zoom link provision.


Contact Information

Jong-Kwon Lim, PhD.CVP.CRS.CRI

President of K-Risk/CEO, VARM Brian Inc.

252, Garak-ro, Songpa-gu, Seoul, Republic of Korea (05634)



Discussion Topics

All stakeholders share with colleagues and experts interested in risk management the challenges of various industries on the big topic of project/organizational risk management, innovative approaches to solving them, new technological advances, lessons learned and value enhancements It aims to not only strengthen the competency of risk experts by cultivating core competencies for risk management, but also to expand the base of risk management with the following subjects:    ​

  • Domestic and overseas project design and construction contract/claim risk management (PMBOK, PRINCE2, etc.)

  • Disaster safety management and business (functional) continuity management (BCMS) ISO 23001

  • Project risk management after COVID-19 Enterprise Risk Management (ERM) (ISO 31000)

  • ​Corporate ESG risk management.

  • The role of risk managers in the era of the 4th industrial revolution.

  • Risk-based design for safety

  • Risk and reliability-based decision making.

  • Risk-based design VE and construction VE (VE+RA integrated approach)

  • Risk-Based asset management (AM) (ISO 55000)

  • Risk management in daily life

  • Education and seminar linked to basic and advanced project risk management 

  • risk certification system

  • Risk management failures and lessons learned in organizations, projects, and companies

  • Cases of best practices for risk management ​All areas that require risk analysis and management



Because risk management is so broad in scope, it is difficult to accurately predict participants, but based on the results of the three previous conferences, the following people will participate. It is expected that there will be approximately 100 participants both online and offline.

  • K-Risk members and risk experts

  • KICEM member and construction project managers

  • KVEI members: VE experts and VE practitioners

  • Project manager at a construction company

  • Project management consultants

  • Construction-related professors and graduate students

  • Insurance planner

  • Construction claim experts

Conference Timetable


Friday, December 1, 1:00pm~5:20pm 2023(Korean time)

★ Registration /  12:30PM~1:00PM (November 30, 2023, 7:30pm~8:00pm, Pacific time)

Part 1 Opening Ceremony / 1:00PM~2:20PM (November 30, 2023, 8:00pm~9:20pm, Pacific time)

  • Opening remarks and VIP greetings Dr. Jong-kwon Lim, CEO of VARM Brain Co., Ltd., Chairman of K-Risk, Risk Expert Association of Korea

  • VIP congratulatory 1 / Kim Byeong-soo, President, the Korean Society of Purchasing and Procurement

  • VIP congratulatory 2/  Lee Dong-Eun, Professor at Kyungpook National University

  • Keynote Speech Risk management needs and development direction in the construction industry, Professor Jeong Woo-yong / KEPCO Nuclear Graduate School, former head of enterprise risk management team at SK E&C

< Break >

Part 2 Technical Presentations 1 / 2:30pm~5:30pm, Korean time

(2:30pm~3:00pm, Korean time) Method to deal with Risks when Promoting VE workshops / Ju-Hong Min, CEO, Senitz Corporation, President of Korea Value Industry Cooperative

(3:00pm~3:30pm, Korean time) Cost-Time Multi-Objective Function Optimization with Harmony Search algorithm / Professor Jong-Woo Kim, Gachon University (prerecorded video presentation)

<Coffee Break >

(3:40pm~4:10pm, Korean time) The Need for Integrated Cost Management Considering Schedule and Resources for Project Management / CEO Park Seong-cheol, PCCA Co., Ltd.

(4:10pm - 4:40pm, Korean time) Contingency Schedule Analysis of a Large-scale Subway Project / Deputy Director Hyun Jeong-hoon PCCA Co., Ltd., Kim Sang-tae PhD candidate, Pusan National University

(4:50pm - 5:20pm, Korean time) Risk-Based Asset Management , Miyeon Park, CEO of Seung Hwa Tech., IAM Endorsed Trainer

Part 3 Welcome Reception (Friday) / 18:30~20:30



Saturday, December 2, 9:00am~5:50pm 2023(Korean time)

Friday, December 1, 2023 4:00pm~Saturday, December 2, 2023 01:00am(Pacitic time)

Friday, December 1, 2023 7:00pm~Saturday, December 2, 2023 04:00am(Eastern time)

Part 4 International Presentations

     (Friday, December 1, 4:00pm~8:10pm, 2023(US and Canada), Pacific time)

     (Friday, December 1, 7:00pm~11:10pm 2023(US and Canada), Estern time)

Pacific time, December 1(Friday), 4:00pm~4:40pm

Eastern time, December 1(Friday), 7:00pm~7:40pm

Risk-Based Decision Making using OptionLab/ Robert Stewart VMS, Inc., President, SAVE International. 


Pacific time, December 1(Friday), 5:00pm~5:40pm

Eastern time, December 1(Friday), 8:00pm~8:40pm

Considering Risk and Value in Government Engineering Projects / Mike Pearsall, Former President, SAVE International, Director Ministry of Transportation Ontario

< Coffee Break >

Pacific time, December 1(Friday), 6:00pm~6:40pm

Eastern time, December 1(Friday), 9:00pm~9:40pm

Risk-Informed Decision Making / Ethan Brown, CEO of Option Lab

Pacific time, December 1(Friday), 7:00pm~7:40pm

Eastern time, December 1(Friday), 10:00pm~10:40pm

 Integrating Risk Management Across the Portfolio, Program and Project Life Cycle – An International Perspective / Martyn Phillips, Director of TEAM FOCUS Management Strategies


Pacific time, December 1(Friday), 7:40pm~8:10pm

Eastern time, December 1(Friday), 10:40pm~11:10pm

/Overview of Florida DOT VE/Risk Program  Bubby Bull, Project Manager of Florida DOT (Pre-recorded video)

<Lunch and Networking Break>

Part 5 Technical Presentations 2 / 2:00pm~4:00pm (Korean time)

(2:00pm~2:40pm, Korean time) QSRA (Process Risk Management Analysis) using Safran Risk / Jisoo Park Risk Manager, Sizewell C, Nuclear Development

(2:40pm~3:00pm, Korean time) Risk-based Overseas Travel Management/ Vice President Kim Yeon-Seong, Han-Do E & A.

(3:00pm~3:30pm, Korean time)  Development of Question-Answering System to improve Construction Risk Identification in NATM Tunnel , Muritala Adebayo Isah, PhD candidate at Kyungpook National University(3:50PM~4:10PM) 

(3:30pm~4:00pm, Korean time)  Reason Why Risk Management Experts Ranked one of the most Increasing Jobs / Jong-kwon Lim, VARM Brain Co., Ltd., President of K-Risk, CEO of VARM Brain.

<Q&A and Break>

Part 6 General Debate and Closing Ceremony / 4:10pm~5:50pm (Korean time)

(4:10pm~4:40pm) General Debate

(4:40pm~5:30pm) 2023 Risk Awards

(5:30pm~5:50pm) Closing remarks

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