Management of Risk in Construction
The aim of this learning package is to introduce you to the importance of Risk Management as part of Project Management in the Construction Industry. In life there are risks: in driving a car, crossing the road or playing various sports. So too in business although in many cases such risk uncertainties are naturally associated with a financial risk compared to the market volatility. Whilst the management of corporate financial risk is undertaken through a very specialist risk discipline, this learning package looks at the subject of risk management from a construction project viewpoint where such risks can be internally or externally driven and may impact on the project’s stated scope, schedule and cost objectives.
The learning package will introduce you to risk in construction projects and covers how to identify risk, considers risk and organisational culture, and looks in detail at the management of risk and the processes and systems associated with it.