The success of construction projects depends on how well the uncertainties on the project is managed. Risks in construction projects are the greatest at the earliest stages of the project, and these risks need to be managed throughout the project through the implementation of sound business and construction practices. The value of managing these risks depends on the success achieved with the pro-active efforts to minimize the negative impacts of threats and to maximize the positive impact of opportunities. The typical steps of planning for risk management, identifying risks, conducting a risk analysis, and planning the appropriate risk responses are of little value if the selected responses are not implemented and monitored throughout the project life-cycle. This course addresses all of these aspects by incorporating lectures, assignments and quizzes. The course is developed to cater for the needs of the construction professional in South Africa.
What to learn? Follow a more formal approach to risk management.
Ensure the rapid identification of risks (threats as well as opportunities) that may impact the project, to measure it, and to control it.
Ensure the management of the risks are allocated to the most appropriate party.
Provide for the regular review of risks, response strategies and changes in risk status.
Have clear, well defined, risk analysis methods and procedures implemented on the project.
Establish a clear process of assessment, action planning and reporting of the risks identified.
Ensure all risk related decisions contribute to sustainable shareholder value.
Provide a means of communicating risk related issues with stakeholders.
Give stakeholders the reassurance that the project is being managed professionally.
Reduce unexpected and unwelcome surprises.
Maximize engineering success.
To appreciate the need for the management of risk in the construction environment.
To provide a framework & process for the management of the risks.
To identify and prioritise potential risk events.
To use established risk management tools and techniques to assist in the analysis, management,
monitoring and reporting of identified risks.
To develop and implement risk management response strategies.
To understand the overall management of risk process.
- Delegates must understand the basic principles of project management and must preferably have experience in managing projects in the construction and engineering environment.
- Construction project managers
- Project staff in the construction and engineering environment.
- Regulatory agencies.
- Local government groups.
- Environmental groups.
- Community groups.
- Risk management specialists.
- Civil engineers.
- Architectural and engineers.
- Geo-technical experts.
- Financial specialists.
- Construction industry tradesmen and professionals.
- Other stakeholders in the construction process, from land acquisition through
- design, construction, and occupancy.
Based in South Africa, Tacit Skills has been around for more than 6 years. We have established ourselves as one of the leading Project Management training companies in Africa. Specializing in Project Management related training in the Construction and Engineering Environment