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Introuction

Construction as capital investment venture is a risky business through its lifecycle from development and design to construction and operation. Proper risk management is one important way to minimize threats and increase opportunities and take appropriate and timely decisions under uncertainty.

Based on two international standards; the PMIs new Practice Standard for Risk Management, and the ISO31000 series for Risk Management, this Construction Risk Management training course will provide you with the process, tools and techniques for risk management planning, assessment, analysis, treatment, monitoring and controlling. In addition, this training course shall prepare you to take the PMI’s Risk Management Professional (PMI-RMP)® certification, an international recognition, which will help you to stand out of the crowd

Program Objctives

By the end of this training course, participants will be able to:

  • Assess and control work methods, resources and systems to meet works requirements
  • Contribute to controlling work quality, progress and cost
  • Develop productive working relationships, manage changes and resolve disputes
  • Learn Cost control and progress payment administration
  • Lead project meetings and manage the performance of teams and individua

Target Participants

  • Senior managers involved in the selection and strategic alignment of construction projects
  • Professionals who are working as project managers or key project or program team members
  • Professionals who have been directly involved in risk identification, analysis, and response on any kind of project
  • Those who recognise project risk management as a core part of their professional experience and want to become certified Risk Management Professionals

Day One: The Construction Industry and Its Risk Spectrum

  • Course Opening and Pre-Course Assessment
  • Phase by Phase Understanding of construction and development
  • Project delivery methods and its relation to risk allocation
  • Challenges and Issues in construction Execution and management (with case studies)
  • Lean construction concepts and waste minimization in construction
  • PMI’s risk management approach versus ISO 31000 for risk management
  • Other international risk management frameworks and standards

Day Two: Risk Strategy, Planning and Identification

  • Assess project environment for threats and opportunities
  • Confirm risk thresholds based on risk appetites
  • Establish risk management strategy and the risk management plan
  • Engage stakeholders in risk management activities
  • Conduct risk identification exercises
  • Develop risk register and risk report
  • Exam Q and A review and Case Studies

Day Three: Risk Assessment and Analysis

  • Perform qualitative analysis
  • Perform quantitative analysis
  • Identify threats and opportunities
  • Schedule-Risk Analysis
  • Cost-Risk Analysis
  • Exam Q and A review and Case Studies 

Day Four: Risk Response Planning and Implementation

  • Factors Impacting Performance (Risks)
  • Tracking Time, Cost and Quality
  • Corrective Action
  • Role of Quantity Surveyors / Cost Engineers
  • Project Cash Flow
  • Fluctuations and Final Accounts 

Day Five: Changes, Problems in Construction and Dispute Resolution

  • Causes of Change
  • Managing Changes
  • Claims and Disputes
  • Arbitration and Mediation
  • Alternative Dispute Resolution (ADR) Techniques

Schedule & Fees


Locations & Date
12/05/2024
16/05/2024
Doha
5500$
English
09/06/2024
13/09/2024
Turkey
5500$
English
06/10/2024
10/10/2024
London
5500$
English
24/11/2024
28/11/2024
Dubai
5500$
English

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