Construction Risk Project Management

This course addresses the critical survival and profitability factors for companies managing projects in the construction industry in an economic environment characterized by uncertainty and change.

Subjects covered include identification of skills essential to managing business risk, governance, risk management principles, construction insurance and bonding, risk factors influencing construction estimating, supervision or control of subcontractors or suppliers, schedules, legal and financial policies and architectural or engineering design of construction projects.

The course orientation is based on a problem-solving approach. Participants will use interdisciplinary skills to explore potential risks encountered in construction projects, from concept to completion, including land acquisition, change orders, delay claims, consequential damages, errors and omissions, construction safety issues, the Construction Lien Act, project closeout and handover. The course will also cover proactive strategies for planning adequate risk responses.

Note: This course is eligible for 45 professional development units (PDUs) with the Project Management Institute (PMI). This course has been accepted for accreditation for seven special industry course (SIC) credits by the Gold Seal Accreditation Board.