Effective Construction Risk Management

Construction Risk Management is an essential management skill -for project sponsors and project team members to ensure that both risk exposure and ownership is explicit to enable informed decisions to be made.

Risk Management directly contributes to bottom line performance and projects are growing in scale, value and complexity and as a consequence project risk management is an imperative for successful project outcomes.

Operating in a dynamic environment and an evolving construction industry, it is vitally important to know the potential sources of risk and address them timeously.

Course Overview:

This course focusses on risk exposure during the construction phase and the approach to be adopted prior to contract award to protect the sponsor’s interests.

Who Will Benefit:

This course is designed for Project Sponsors, Project Managers, Quantity Surveyors, Commercial Managers, Contract Managers and procurement team members looking to gain insights into the application of risk management to construction.

Pre-requisites:

Knowledge of the project life cycle, the common tendering process, overview of project management and common risk exposures.

Course Objectives:

To provide attendees with an awareness of the risk management process, the common construction risks, the risk ownership profile of the different forms of contract, risk management requirements that can be incorporated within contracts and ongoing risk management during construction.

Course Content

 Introduction

• Mandate and commitment
•  ISO 31000 Terms and Definitions
•  Benefits of risk management
•  Principles of risk management
•  Roles and responsibilities
•  Critical success factors
•  Integration with an organisation
•  When to apply risk management
•  Key document references

Integrate RM into supply chain

• Risk retention / transfer balance
•  Preparation of tender documents
•  Common risk exposures
•  Contractor risk responsibilities post award

Contract types & risk exposure

• Traditional
•  Design and Build
•  Management
•  Partnering

Contractor risk meetings

•  Attendance
•  Response planning
•  Degree of disclosure

Risk Reporting

•  Who, what, when, why
•  Format

 Group Flip Chart Exercises

•  Common risk exposure
•  Forms of contract and risk exposure
•  Management of contractor risk meetings

Trainer:

Dr Robert Chapman FAPM, FIRM, FICM has provided risk management services in Malaysia, South Africa, UAE, Holland, Qatar, Republic of Ireland, France and UK. He has over 20 years’ experience of risk management consultancy across ten different industries. He is a respected author and has written numerous papers and articles.

Course Duration:1 Day

Cost:£245 +VAT

Risk Management Training Scotland, Glasgow, Edinburgh, Inverness, Aberdeen Dunfermline and other sites throughout the UK including onsite closed company courses are available.

Risk Management Training Saudi Arabia, Bahrain, Kuwait, Qatar, Abu Dhabi, Dubai, India, Ghana and Nigeria is also available.