Digitization of risk management in construction projects

Target group

The course is intended for employees of SMEs who are involved in project management, consulting and supervisory activities or administrations – architects and engineers from design companies, technical personnel from municipalities, technical persones municipalities, technical persons from construction and supervisory companies.
Experts can be from the following types of organizations:

Small and medium enterprises
Small mid-cap companies
Public sector organizations for their non-economic activities

Description

The specialized course “Digitalization of risk management in construction projects” provides knowledge of standards for risk management in construction projects and skills in using digital solutions for risk management in construction projects.

Minimum educational requirements for participation in the training

Higher education and experience in construction project management

Hours/duration

16 hours

Form of training

The course can be conducted over 4 days for 4 hours or 8 days for 2 hours

The course can be conducted online

The course can be conducted on-site in the EDIH training hall

30 Aug Digitization of risk management in construction projects

Module 1: Introduction to the application of project risk analysis - what is the unique about construction project risk analysis, why construction projects are often behind schedule and over budget; risk analysis in the bidding process, critical path for construction schedules with risks and uncertainties, resource risk in construction projects, examples of project risk analysis of construction schedules

Module 2: Introduction to Risk Register - the risk register to be optimized for qualitative risk analysis, Identifying and assessing risks, Creating risk management plans, Generating reports, what are the risk categories and why one and same risk can belong to multiple categories, what are the risk properties and how they can be defined and used for project risk management, probability and impact matrix and how to use it, how risk mitigation plans can be added to risk register, risk overviews and history, risk register configuration, risk register reports; Assigning risks and uncertainties to different projects and activities and calculating the impact of these risks on the project; Reducing the impact of project risks and uncertainties; Manage and control risks during the course of projects.

Module 3: Sensitivity Analysis: Prioritizing risks and activities, how to perform sensitivity analysis of project schedules, how to interpret Tornado Charts to identify key cost and schedule drivers, How to prioritize risks

Module 4: Program, portfolio and project risk management - systematic identification, assessment and prioritization of program and portfolio level risks, project and program portfolio risk management as opposed to the individual project schedule; Consistent and continuous risk analysis of all projects within a portfolio using a common set of risks; Ranking projects within a portfolio or program based on risk; Aggregate project risks and rank them at the portfolio and program level, Manage risk mitigation efforts across a project portfolio or program

Module 5: Problem Management - effective problem management is critical to project success and the impact it can have on your project's schedule and budget

Module 6: The Monte Carlo Method and schedule risk and cost analysis - why and how the Monte Carlo Method improves the project forecasts, what statistical distributions are and how they can be used in different situations, how to run a Monte Carlo simulation with risks and uncertainties, what are the results of Monte Carlo simulations

Module 7: Risk Mitigation Planning and Scenario Analysis Create risk management scenarios using baselines Compare the impacts of scenarios on project cost and schedule Analyze the mitigation plan using multiple scenarios Review the risk assessment across multiple baselines

attend

Европейски цифров иновационен хъб в сектор строителство-EN

Digitization of risk management in construction projects