Weekly study10 hours
Risk Management in a Global Construction Context
Understand how to identify, analyse and mitigate risk in construction projects
This online course provides an introduction to risk management in construction. The processes of risk identification, risk measurement and mitigate risk are explored.
The course introduces you to widely accepted risk assessment, management and control practices using effective tools and techniques.
- An overview of project risk management - the processes involved and definitions of project risk.
- The human aspects of risk management - risk attitude and heuristics in construction.
- An overview of risk identification - describing risks using structured risk descriptions, identification techniques and the risk register.
- Risk assessment - probability and impact, proximity and inherent vs current risk exposure in construction.
- Risk responses to threats and opportunities, secondary risks, post response assessment.
- Implementing responses - updating plans.
- Managing the process - keeping the process alive and improving risk management in construction.
Learning on this course
You can take this self-guided course and learn at your own pace. On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Explore the definitions and concept of risk management in construction
- Identify how risk is quantified and the processes that a project manager requires to manage risk effectively
- Apply skills and knowledge to establish a risk management process
- Evaluate different alternatives to effectively manage and mitigate the risks in construction using analytical methods and evaluation techniques
Who is the course for?
This course is for people seeking a better understanding of how to identify, classify and manage risk systematically for the duration of a construction project.
Please note that the staff described in the ‘Who will you learn with?’ section below may be subject to change.