Why Attend This Training Course?

Research has proven over and over again that project performance could be improved considerably through the use of Risk Management. This is simply because 70% to 90% of the problems encountered on most projects are predictable and preventable. Risk analyses at the onset of any project will highlight these problems and will increase the chance of completing the project successfully. It will also enable project managers to reduce the time they spend putting out fires.

What Is The Training Course Methodology?

This training course methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as theoretical lectures and/or open discussion to exchange opinions and experiences, scenarios, innovative thinking brainstorming. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. 

Who Should Attend This Training Course?

This training course is an excellent opportunity for new and intermediate Project Managers and project team members. It is also intended for any one who is involved in the design, tendering and implementation of construction projects who wishes to learn more about principles and techniques of risk management. Participants will learn and experience first hand, some of the tools that will help them to reduce project surprises and meet owner expectations.

What Are The Training Course Objectives?

• Fully understand the efficient risk management procedure to facilitate risk neutral decision-making

• Focus on the of various implemented techniques and methods for risk management- and assessment to ensure that the risks are assessed and managed in a manner allowing the overall objectives of the project

• Involves the establishment of risk consciousness and also achieve the integration of basic principles of risk policy and organizational integration

What Is The Training Course Curriculum?

Introduction to Risk Management

• Risk Management Frameworks And How They Are Made

• What Is A Risk?

• Risk Management Methods

• Policy And Strategy Formulation

• Risk Procedures And Protocols

• Risk Architecture

• Benefits Of Risk Allocation

Risk Management Process

• Establishing The Right Context

• Risk Ranking (Using The Raking Matrix)

• Risk Identification And Assessment Techniques

• The Cause-And-Effect Relationship That Exists In Risk

• Risk Prioritisation Methods And Analysis

• Risk Appetite, Tolerance, And Capacity

• Risk Reviewing And Monitoring Process

• Risk Profiling

 Risk Governance

• The RAS (Risk Appetite Statement)

• Strategies Used In Risk Management

• The Lines Of Defence Model

• Ensuring The Workflow Of Any Construction Site Is Seamless

• Safety Issues

• Risk Reporting

• Data-Driven Approach To Decision Making

• How To Transfer Project Risks

Risk Mitigation

• International Standards In Risks

• Adhering To The Necessary Standards

• Following All The Regulations

• Ensuring Everyone Does Their Job

• How To Handle Multiple Risks

• Sharing Resources Between Different Risk Types

Risk Types And How They Are Handled

• Financial Risks And Their Effects

• Environmental Risks And Why They Should Be Handled In Detail

• Scheduling Risks

• Accepting Project Risks

• Construction Risks Management Process

Identifying Construction Risks

• Risk Identification Timing

• Preconstruction Phase Risk Assessment

• All The Potential Project Risks

• Brainstorming The Possible Risks

• Defining The Scope

• Handling Stakeholders To Identify Risks

Common Construction Risks

• Natural disasters

• Poor decision-making

• Orders management

• Poorly written contracts

• Labour shortages

• Unexpected increase in the budget

• Unknown site scenarios

• Poorly defined scope of work

Assessing Risk Exposure

• Risk identification process and techniques

• Project risks evaluation for possible exposure and level

• Overall risk management strategy

• Plan for risk

  • Covering all the “what if” scenarios

  • Getting all the details for actions that can mitigate risks

  • Assessing risk costs and mitigation strategy

• Accept that some risks cannot be avoided and how to deal with them

• Risk events monitoring

  • Regular assessments

  • Regular strategy revisions

  • Informed decision-making process

• Managing documents in every construction project

The Construction Contract

• Contractor and owner responsibilities

• Addressing delays and time for performance

• Governing law and assignment

• Procedures for payments

• Relating with various subcontractors that are separate from the contractors

• Requirements, insurance, bonds, and indemnity