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Course Overview

Construction projects are inherently risky due to their complexity, scale, and stakeholder involvement. This 4-day classroom course provides practical and strategic insights into managing risks in construction projects. Participants will explore key risk types, legal and contractual considerations, mitigation strategies, and real-world case studies to develop confidence in identifying and managing risks effectively.

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Learning Outcomes

By the end of this course, participants will be able to:

• Understand the fundamentals and categories of construction risk

• Identify, assess, and prioritize construction-related risks

• Develop risk management plans for different project phases

• Understand contractual and legal risk implications

• Apply tools and techniques to monitor and control project risks

• Improve safety, quality, time, and cost outcomes through risk mitigation

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Topics:

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Day 1: Introduction to Risk Management in Construction

Objectives:

• Establish a foundation in risk management principles within the construction context

Topics Covered:

• Definition and Types of Risk (Financial, Legal, Environmental, Operational)

• Construction Project Lifecycle and Risk Touchpoints

• The Risk Management Process (ISO 31000 Framework)

• Risk Registers: Purpose and Format

• Group Activity: Identifying Risks in a Case Project

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Day 2: Risk Identification and Assessment

Objectives:

• Learn how to systematically identify and assess risks

Topics Covered:

• Risk Identification Tools (Brainstorming, Checklists, HAZOP, Expert Interviews)

• Qualitative Risk Assessment (Probability & Impact Matrix)

• Quantitative Risk Assessment (Monte Carlo, Sensitivity Analysis – overview level)

• Real-Life Risk Scenarios from Construction Projects

• Workshop: Creating a Risk Register with Assessment Scores

Day 3: Mitigation, Contracts, and Legal Risks

Objectives:

• Explore strategies for mitigating construction risks and managing contract risks

Topics Covered:

• Risk Response Strategies (Avoid, Transfer, Mitigate, Accept)

• Insurance and Bonding

• Contractual Risk (FIDIC, NEC, JCT overviews)

• Change Orders, Delay Claims, and Dispute Resolution

• Interactive Session: Contract Clause Risk Review

Day 4: Monitoring, Controlling, and Case Study Application

Objectives:

• Learn how to monitor risks and apply learning through case work

Topics Covered:

• Risk Monitoring Tools and Reporting

• Early Warning Signs and Escalation Protocols

• Using Risk Dashboards and Heat Maps

• Final Group Project: Develop a Construction Risk Management Plan

• Presentation, Peer Feedback, and Course Wrap-Up

Training Methodology

• In-person lectures and facilitated discussions

• Group exercises and simulations

• Real-world case studies

• Tools: Sample Risk Register, Risk Assessment Templates, Contract Clause Samples

Assessment & Certification:

Participants must attend all sessions and complete a group or individual risk plan assignment. Upon successful participation, a Certificate in Construction Risk Management will be awarded.

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Course Information:

• Mode: Classroom-Based (In-Person Training)

• Duration: 4 Days

• Time: 09:30 – 15:30 (includes morning and lunch breaks)

• Refreshments: Included

• Lunch: not included

• Fee. Person: $300

• Level: Intermediate – Suitable for site managers, engineers, project coordinators, QSs, and construction professionals

• Certification: Certificate of Completion

Payment

Must be made 7 working days before the start of the course. Payment can be made in cash, by bank transfer or through exchange offices.

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How do I register?

You can register by emailing training@mselect.com with the following details:

• Full Name:

• Position:

• Email Address:

• Phone number:

• Name of course:

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