Description
This comprehensive course has been specifically designed to provide detailed education and certification for construction management professionals who are interested in honing their knowledge and skills in the critical area of risk management. The course delves into the intricacies of risk management, covering all aspects of the process and equipping you with the knowledge and tools to effectively implement risk mitigation strategies in your construction management organization. With the constant potential for risks to arise in any construction project, the importance of effective risk management cannot be overstated. Without proper risk mitigation measures in place, your project could easily fall behind schedule and go over budget, causing significant delays and financial losses for your organization.
Risk identification and mitigation is what defines the role of a construction manager. Without properly identifying and mitigating risks, you will have an increased chance of your project running behind schedule and/or over budget. Identification and mitigation of the potential for risks is at the very core of what we do as construction managers.
- Risk Management Process and Components
- Quantitative Risk Analysis
- Qualitative Risk Analysis
- Probability of Risk
- Severity and Extent of Risk
- Mitigation
- Implementing Risk Management
- Project Delivery Systems
- Implementation Strategies
- Risk Allocation
- Risk Identification
- Risk Breakdown Structure
Will I receive contract administration in construction reference material that I can download and use for future?
Yes! When you sign up for the course, you will be able to access, download, and print the sustainable practices document that you can utilize for future reference.
What are some major risks in construction?
Safety – Implementing a safety policy is the first step in building a safety culture on your project. Without a safety culture in place, your risk for safety injuries and violations dramatically increases.
Constructability – Trees, powerlines, means & methods, underground utilities, ground water, and environmental constraints are all examples of factors that can lead to constructability issues.
Poor contract administration – Poorly written contracts and administration can lead to quality, scope, safety, schedule, and/or budgetary issues on the project.
Unforeseen site conditions – Unknown areas at, overhead, or underneath the construction site can be a constructability or safety risk at our construction site.
What is a risk register?
A risk register defines the risks associated with a particular construction activity. These are sometimes referred to Jobsite Safety Analysis (JSA) and Activity Hazard Analysis (AHA). The risk register breaks the work for the activity into steps (i.e. Earth-Formed Footers, Dig trench, Install Rebar, Place Concrete, Cure). All of the steps have some level of risk. The risk register defines the risk in each activity and what steps are taking to mitigate these risks. This should be discussed with the construction team prior to the start of this activity.
Is it possible to mitigate all risks in a construction project?
Though the concept seems possible, you will be unable to remove all risks associated with the construction project. Owner’s hire contractor’s not only for their expertise to build, but also the fact that they take on the risk associated with the project. How the project stays profitable to the contractor is their ability to mitigate their risks. Without this processes, most construction projects will fall short of the contractor’s goals.
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