Description
Comprehensive Risk Management Course
This comprehensive course is specifically designed for Risk Management Construction Managers who want to enhance their knowledge and skills in this critical area. It provides detailed education and certification tailored to the needs of construction management professionals. The course explores the intricacies of risk management, covering every aspect of the process and equipping Risk Management Construction Managers with the tools to implement effective risk mitigation strategies in their organization.
In construction projects, risks can arise unexpectedly, making effective risk management crucial. Without proper risk mitigation measures, your project might fall behind schedule and exceed the budget, leading to significant delays and financial losses for your organization.
Importance of Effective Risk Management
In construction projects, risks can arise unexpectedly, making effective risk management crucial. Without proper risk mitigation measures, your project might fall behind schedule and exceed the budget, leading to significant delays and financial losses for your organization.
Core Responsibilities of a Construction Manager
Risk identification and mitigation define the role of a construction manager. If you don’t properly identify and mitigate risks, your project is more likely to fall behind schedule and exceed the budget. Identifying and addressing potential risks is central to the responsibilities of a construction manager.
- 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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