Mastering Risk on Construction & Engineering Projects
The success of construction projects depend on how well the uncertainties on the project is managed. Risks on construction projects are the greatest at the earliest stages of the project and these risks need to be managed throughout the project through implementation of sound business and construction practices. The value of managing these risks depend on the success achieved with the pro-active efforts to minimize the negative impacts of threats and to maximize the positive impact of opportunities.
The typical steps of planning for risk management, identifying risks, conducting risk analysis and planning the appropriate risk responses are of little value if the selected responses are not implemented and monitored throughout the project life-cycle. This course addresses all of these aspects by incorporating lectures, discussions, and practical classroom exercises.