Construction Management: Managing Risk

Course details

Risk is an inherent part of construction and an integral part of the construction manager's job. Over the course of a project, you may have to manage compliance and safety issues, schedule and cost overruns, contract disputes, and more. To be successful, you need to understand the biggest risk factors faced on a job site and how to mitigate them. In this course, OSHA Authorized Outreach Trainer Jim Rogers explains the basics of risk management for construction. Learn how risk changes with the complexity of the project and the type of delivery method being employed. Review your role and the scope of the risk management process, from analysis to control. Finally, review how technology can help you manage the challenges involved in daily activities.

Learning objectives
Defining risk
Identifying the role of the construction manager
Analyzing risk
Controlling risk
Managing challenges: scope, safety, communication, and more

Concepts

Introduction

No risk, no reward
What you need to know

Introduction to Risk Management in Construction

Defining risk
The role of the construction manager
Risk vs. project type
Risk vs. project delivery method

The Risk Management Process

The process of risk analysis
The risk analysis matrix
Risk analysis examples
Establishing a documentation system
Methods of controlling risk
Understanding risk transfer

Challenges and Solutions

Managing scope
Managing subcontractors and suppliers
Managing safety
Avoiding third-party claims
Improving communication
Suggestions for leveraging technology
Mitigation through permits and checklists
Understanding complicated versus complex
Manage schedule risk with lean

Conclusion

Beyond identifying, assessing, and managing risk