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