Risk Management for Construction and Engineering Projects (PMBOK guide)
Risk Management for Construction and Engineering Projects (PMBOK guide)

The success of construction projects depends on how well the uncertainty on the project is managed. Risks on construction projects are the greatest at the earliest stages of the project and these risks need to be managed throughout the project through implementation of sound business and construction practices. The value of managing these risks depend 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 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 these aspects by incorporating lectures, discussions, and practical classroom exercises. This course is based on: • The PMBOK® Guide – 6th Edition (2017). • The PMBOK® Guide – 7th Edition (2021). • The Practice Standard for Risk Management – 2009 Edition. • The Standard for Risk Management in Portfolios, Programs, and Projects– 2019 Edition. • The Construction Extension to the PMBOK® Guide - 2016 Edition. • Navigating Complexity: A Practice Guide – 2014 Edition. How will this course benefit you? • It will help you identify events that may interfere with ongoing operations, construction accidents, etc. that may negatively impact the project both in construction and when the project is complete. • To help you identify opportunities for something positive to happen and prepare you to claim them for yourself. • Propper risk management can help to increase the safety and wellbeing of workers, improve company reputation, avoid costs associated with workplace accidents, and prevent damage to machinery, property, and materials