About Workshop
Risk and uncertainty are fundamental to all construction projects. Effective planning and addressing issues appropriately is essential. The project team has to be consistent in the way they approach risks. In today's world projects are expected to move at a rapid pace; so it is important to have the right risk management strategy that will enable owners, architects and contractors to effectively identify, quantify and control most risks.
Workshop topics to be covered:
1. Understanding and Managing Risk: Goals and Objectives
- Contract terms & Conditions
- Risk Quantification
2. Project Delivery System
- Determination of risk
- Coordination
- Oversight of prospects
- Company experience
- JV partner financial strength
- Management style
3. Division of Responsibilities
A. Owners Responsibilities
- Timely Payment
- Timely Approvals
- Authorized Approvals
- Owner Requirements
B. Project Baseline
- Scope Work
- Scope of Services
- Schedule
- Cost
- Quality
C. Contractor Rights
- Subcontracting
- Material Sources
- Design Office Choice
- Project Staffing
- Insurance
4. Change Management Process
5. Risk Management Best Practices
6. Continuously Improve Risk Strategies, Process and Measures
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