Kingston University Course Outline

Kingston University London 31 Oct – 1 November 2017

“Risk Management for Major Construction & Infrastructure Projects”

Course Outline

  • Effective Risk Management
  • Risk Management Methodologies
  • Planning and Programming
  • Cost Planning and Cost Estimating

All sessions will be interactive with the group, with case study discussions and Q & A

DAY 1                                   

EFFECTIVE RISK MANAGEMENT

  • Why is it so important to understand RM?
  • What is ‘effective’ risk management?
  • How do we identify the potential project risks?
  • Bid risk management – team structure (org chart)
  • Pricing and probability

ESTABLISHING EFFECTIVE RM FROM PLANNING TO OPERATIONS

  • Ownership and leadership of projects by senior management
    • The vital importance to success of proactive ‘ownership & leadership’ by client and contractor
    • The impact on risk management – the team spirit effect – the project benefits
    • The downside of poor ‘ownership & leadership’

RISK MANAGEMENT METHODOLOGIES FOR D&C AND O&M

  • ‘Early Warning’ is the key to minimising and mitigating risks
  • BIM as a risk management process, not just technical
  • What is BIM exactly – the latest developments
  • Overview and the benefits of BIM
  • Managing the BIM process
  • Resolex RADAR horizon scanning         resolex.com
  • Project ‘Early Warning’ risk reporting formats

PRACTICAL EXAMPLES – RISK IN UNDERGROUND CONSTRUCTION

COMMUNICATIONS AND RELATIONSHIP MANAGEMENT

  • The vital importance of effective communications in project success
  • Protocols for effective communications and relationship management
  • How effective communications benefit risk management

DAY 2                                  

PLANNING AND PROGRAMMING

  • Planning and programming skills – absolutely essential for success
  • Performance contracting – don’t take no for an answer!
  • Methods used to always achieve time, cost and quality targets
  • Creating team spirit – one of the keys to success
  • Delay and disruption

COST PLANNING AND COST ESTIMATING

  • An important difference
  • Cost planning is a risk management process
  • BIM increases cost planning efficiency
  • Case study

IMPLEMENTING PPPS SUCCESSFULLY

  • PPP’s are all about risk management
  • Understand the contractual interactions – four main contracts
  • Risk transfer – the key principle of PPPs
  • The pros and cons of PPPs
  • Tips to keep out of trouble

TECHNIQUES FOR NEGOTIATING SETTLEMENT OF PROJECT DISPUTES

  • Negotiating settlement is good RM – litigation, arbitration, adjudication is not!
  • Proactive techniques used by independent negotiators
  • Dispute Boards – a valuable RM process if structured properly
  • Effective risk management results in dispute avoidance

COMMON CAUSES OF PROJECT FAILURE

  • Success or failure starts with the planning – concept, feasibility, design, etc.
  • Bid and pre-contract causes of failure
  • D&C, commissioning and transition to operations
  • 12 “deadly sins” of risk management

OPEN DISCUSSION TO END THE DAY