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Mastering Risk Management for Construction Professionals

January 18, 2021
5.00(1 Ratings)
14h
Intermediate

About Course

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 impacts 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. The course is developed to cater for the needs of the construction professional in South Africa.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 impacts 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. The course is developed to cater for the needs of the construction professional in South Africa.

Why should I do this course?

• International Standards: – This course is based on the international best practices included in the Guide to the Project Management Body of Knowledge (PMBOK® Guide), 6th Edition, as well as the PMI Construction Extension to the PMBOK® helping you to apply the generalized project management guidance to construction projects.

• Practical: – It incorporates practical group exercises that will enable you to link the theory to your own real-life project environment.• Interactive: – There is ample discussions and exercises that create the opportunity for sharing the knowledge that you and fellow delegates have acquired through your work experiences, successes and challenges.

• CPD points that add value: – Earning CPD points are crucial to retaining your professional designation as well as for your, as well as your business’ success. This course not only provides you with the CPD points needed, but also adds value to your career by delivering practical training that provides you with the opportunity to integrate the knowledge and skills gained in the classroom into real world projects.


• Objectives: – Whether you take this course because you are looking to sharpen your expertise in managing your projects, or to broaden your knowledge about project management in general, it will benefit you in the long run and you are going to enjoy this 
course.

• Certificate of Completion: – During and at the end of the course your knowledge of the training material and the application thereof will be tested. On successful completion you will receive a certificate that not only verifies that you have attended the course, but also that you have obtained the knowledge required to manage your projects successfully.

On completion of the course, delegates should be equipped:

• 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.

What Will I 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, measure it, and control it.
  • Ensure the management of the risks is 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 and maximize project success.

Topics for this course

45 Lessons14h

Chapter 1 – Welcome and Introduction

Chapter 2 – Background to Risks for Construction Professionals

Chapter 3 – The fundamentals of Managing Risks on Projects

Chapter 4 – Planning for Risk Management on Projects

Chapter 5 – Identifying Risks

Chapter 6 – Analysing Risks

Chapter 7 – Responding to Risks

Chapter 8 – Monitoring and Controlling Risks

About the instructors

4.94 (31 ratings)

8 Courses

30 students

Dave Fourie

Freelance Trainer

Having been a practicing consultant in project management for more than twenty five years, Dave Fourie’s long career in program and project management brought him in contact with various project management methodologies and best practices in private as well as public organizations. This includes PMBOK, Method 123 as well as PRINCE2 environments in the fields of software development, service delivery, quality and general management. ​His experience also includes providing training in project management, quality management, and business analysis since 1999. As a freelance trainer, he has obtained invaluable experience on the best training practices utilized by various national and international training providers. This includes training entry level to experienced project managers (including PMP certification preparation) in project management and related specialist aspects such as project risk management, project quality management, project contracting and project scheduling. Dave brings his theoretical knowledge linked to vast practical experience into the training environment with a genuine desire to assist delegates in becoming practicing project management professionals. Valuing a relaxed and enjoyable learning experience, he loves sharing his passion for project management through actual examples dished up with a touch of humor. ​Certified as a Project Management Professional (PMP) since 1998, he also holds several other portfolios, program and project management certifications such as certificates in Portfolio, Programmed and Project Offices (P3O), Managing Successful Programs (MSP) and in PRINCE2. He also holds certifications in IT Service Management (ITIL) and Total Quality Management (TQM).
4.95 (38 ratings)

7 Courses

55 students

Student Ratings & Reviews

5.0

Total 1 Ratings

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The course focuses the attention on the wide diversity of project risks to consider. The assignments guides one in risk identification, assessment and mitigation for project. I found it valuable and stimulating.

R2,200.00

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This is a Self Paced Course
Stream course on any desktop and mobile devices

Course available directly after purchase

Course Information:

Accreditation: ECSA
CPD Points: 2
Access: Lifetime access
Course Type: Self Paced Course
Course Duration: 14 Hours
Stream course on any desktop and mobile devices

Material Includes

  • This is a self paced Online Video Course
  • Students have lifetime access to the course including updates on the course

Requirements

  • Delegates must understand the basic principles of project management and must preferably have experience in managing projects in the construction and engineering environment.

Tags

Target Audience

  • 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.
  • Geotechnical experts.
  • Financial specialists.
  • Contractors.
  • Construction industry tradesmen and professionals.
  • Other stakeholders in the construction process, from land acquisition through
  • design, construction, and occupancy.