Construction Management: Managing Risk

Learn the basics of risk management for construction projects, including identifying, controlling, and managing risk.

Introduction

• No risk, no reward
• What you need to know

1. Introduction to Risk Management in Construction

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

2. 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

3. 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