Risk Management 101: Principles and Practices in Construction Projects

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Risk Management 101: Principles and Practices in Construction Projects
October 10, 2017

at

FHWA – National Highway Institute
1310 North Courthouse Road, Suite 300
Arlington, VA 22201

With today’s modern heavy-civil multi-million dollar transportation sector projects, risk management is important because it reduces the likelihood of expensive negative impact events, ultimately improving project efficiencies and improving outcomes to both private and public sectors.  So what is ‘risk management’? It’s the process of solving potential problems before they become actual problems. It is a continuous process that addresses new risks that may occur with each new phase of a construction project.

Instructors George Gardner and Marty Halloway will teach participants how to use and apply basic risk principles and methodologies using real VDOT construction project applications and examples. Topics include partnering principles and values, the importance of communications, trust and issue resolution, identifying project risks, barriers to progress, developing project surveys, risk mitigation plans, performance metrics and project charters.

“Attendees will take away a simple, easy to use, applications-based risk management methodology that can be applied to any project they manage,” explained Gardner. “With the integration of full-stakeholder partnering concepts, the attendees will see both the big picture impacts and the important details of the process.”

Upon completion of the workshop, participants will be able to better identify conflict situations and will be prepared to resolve these issues more quickly on the job. Participants will be provided with a booklet and electronic files of all workshop materials as well as access to tables, spreadsheets and databases that may aid them in properly partnering projects.

Workshop Description
The University of Virginia invites you to attend a workshop on risk management principles and how they are applied to construction projects at the Virginia Department of Transportation. This workshop teaches participants how to use basic risk principles and methodologies that can be applied to any application or program. The course will review specific VDOT construction project applications, examples, and benefits. Topics covered will include group exercises, partnering principles & values, the importance of communications, trust, and issue resolution, identifying project risks, barriers to progress, developing project surveys, risk mitigation plans, performance metrics, project charters, and various other components. Upon completion of the workshop, participants will be able to better identify situations that arise over conflict and be prepared to resolve these issues more quickly on the job. Participants will be provided with a booklet and electronic files of all workshop material, and access to tables, spreadsheets, and databases that may aid them in properly partnering projects. Register