Course Certified By:

Introduction

Proper Cost estimating and budgeting is key for successful management of construction delivery.
However,
Most of construction projects -including international landmark projects- suffer from cost overruns.
This course will investigate the risk factors leading to this cost overrun.
It will investigate different categories of risks associated with the construction industry and its business environment.
The course will also cover the tools and techniques used for risk assessment and determination of risk response techniques.

Objectives

At the end of the course the attendees should be able to:
• Understand the major risk factors in the construction industry.
• Differentiate between the different systems and international standards covering risk management in general (ISO, PMI-RPM, DRMP, BS, etc)
• Understand the risk management definitions, processes, and domains.
• Understand the tool and techniques needed to manage different aspects of construction risks.
• Learn how to plan and implement risk response in the construction industry.
• Apply risk management processes, tools, and techniques on real-life seniors.
• Learn how to use risk management software in risk cost simulations.

Who Should Attend?

This course is targeted for:
• Managers and Engineers involved in analysis and decision making concerning cost estimating, budgeting of projects, bid preparation, bid analysis, project planning, project controls, construction management and construction delivery

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Course Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm