General introduction:

Construction projects in construction industry are very complex and it can cause different internal and external risks, filled with uncertainties and at times unpredictable that is why this training on Managing Risks in Construction Projects Through Risk Plan has been created. There is no way to completely avoid risks as there are bound to be unknown factors that arise over the project life cycle a project. Managing risks in construction projects has been recognized as a very important process in order to accomplish project objectives in terms of time, cost, quality and safety. If risk can be identified and categorized before starting the project, then it is possible to limit all potential losses

Goals and objectives:

Risks in the construction sites are common and categorized into various types like operational risk, physical risk in construction, contractual risks, and design risks in construction projects, financial risk in construction and environmental risk in construction. The risk factor in construction projects needs to be analyzed and studied properly for every construction site. It is very necessary for the project manager and his team to do the analysis of major risks in construction projects and risk identification in construction projects in details. Risk Management in construction and risk identification in construction projects is important to step before starting any project that must be prepared and monitored.

Course content:

During the course period, the instructor will explain, discuss, and analyze in detail with participants the basics and principles of all types of risks in construction projects, risk models and process of mitigating risks during project life cycles during  through the listed topics:

1. Definition of risk
2. What is risk in construction industry?
3. Four main risk factors in construction projects
4. Risk in Construction in connection with the Conditions of the Contract
5. Design risks in construction projects
6. Identification, Analysis and allocate risks to the project parties
7. Risk Assessment process
8. Risk Analysis, Risk Identification, Risk Description, Risk Estimation
9. Monte-Carlo simulation
10. Risk Reporting and Communication
11. Risk Treatment
12. Monitoring
13. Review of the Risk
14. Design risks
15. Technical risks
16. Acts of God Risks
17. Operational risks
18. Political and legal risks
19. Financial and economic risks
20. Physical risks
21. Contractual risks
22. Managing risks through computer applications
23. Budget and schedule overrun
24. Risk of poor performance
25. Presenting risk probabilities and occurrences
26. Risk registrar and impacts
27. Cases study in evaluation of risk in  Construction Projects
28. Understanding of SWOT analysis in risk assessment and control

Who Should Attend:

Client representatives, project directors, project managers and their deputies, contracts managers, architects, quantity surveyors, value engineers, cost control engineers, project engineers, site manager, material engineers, site engineers, site inspectors, and other engineers of different disciplines in projects, engineers who works in private and government sector, the fresh graduate engineers. Engineers who work with developers, investors, project managers, consultants, contractors, bankers, lawyers, and accountants