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Risk Analysis and Management in the Construction Engineering Industry (1.8 CEUs)
- Register two or more delegates and get %10 off course fees each
- For GIC policies , please click here
- We could offer any of our courses at a location of your choice and customized contents
according to your needs, please contact us at :
inhouse@gic-edu.com or
click here
to submit an online request.
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A certificate of completed Continuing Education
Units (CEUs) will be granted at the end of this course.
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Daily Schedule:
8:00am - Registration and coffee (1st day only)
8:30am - Session begins
4:30pm - Adjournment
Breakfast, two refreshment breaks and lunch are provided daily.
Description
This course introduces the concept and general principles of risk analysis and management and how and when they can be implemented in the construction industry. The course explores the risk management strategy and the process of managing risks from the identification stage and the initial assessment to the response and mitigation stage in a detailed approach. In addition the course discusses the risk assessment methods and offers a simplified method based on multiple of published researches for construction projects in classifying risks within the Joint ventures category or under Design Build contracts. Case Studies will be offered.
Objective
To develop an understanding of the general principles of risk management and increase the participants’ awareness on risk management implementation in the construction industry. To enable project managers and engineers to visualize the risk management strategy and enable them to find solutions to respond to these risks within their engineering or construction projects. To enable engineers and projects managers to examine the potential pitfall along with the project’s overall time, cost and quality targets, enables them to consider risk efficiency
Target Audience
Projects managers and engineers of national, provincial and local building construction or highways agencies and Construction contractors’ engineers and project managers who deal with major or mega projects including the projects under Joint ventures agreements or design build contracts and
Program Outline (1.8 CEUs / 18 PDUs)
Day 1
- Introduction risk management
- Risk vs. Uncertainty
- Risk assessment life cycle
- Risk Management vs. Project Management
- Benefits of risk management
- Risk analysis and management
- Risk efficiency
- The risk management strategy
- The process of managing risks
- Identification and initial assessment
- Controllable and uncontrollable risks
- Brainstorming
- Interviews
- The Delphi technique
- Expert systems
- Questionnaires
- Combined approach
- Qualitative assessment
- Classification and reference
- Description of the risk
- Risk trigger
- Relationship to other risks
- Potential impact
- Likelihood of occurrence
- Response and Mitigation
- Risk avoidance
- Risk reduction
- Risk transfer
- Residual or retained risk
Day 2
- Detailed quantitative assessment of risk
- A brief introduction to statistics
- Methods of risk assessment
- Simple assessment
- Probabilistic analysis
- Multiple estimating using risk analysis
- Decision trees
- Monte Carlo Simulation
- Latin Hypercube sampling
- The Risk Management Regime
- Reporting
- Contingency management
- Risk Classification
- Aggregating individual project risks
- Nature of joint ventures
- Nature of a Design Build
- Internal, specific and external risks
- Analysis of effective management measures
- Country risk assessment
- Operating risks
- Socio-political risks
- Financial Risks
- Country risks scale ratings interpretation
- Construction Schedules risks
- Schedule uncertainty
- Schedule risk assessment approach
- Quantifying schedule risk
- Analysis of schedule risk
- Contracts risks
- Importance and understanding of risk allocation
- Measurement of risk allocation
- Measurement of risk dispersion
- Analysis
- Contract clauses investigation results
Day 3
- Decision Support System - RAMSCO: A risk Assessment management system for construction operation
- Uses of RAMSCO
- RAMSCO methodology
- RAMSCO design
- Data entry and analysis
- Using RAMSCO for Decision Making
- Preparing for risk management study
- RAMSCO Analysis data
- RAMSCO Applications Example Case Studies
After Attending This Course You Will Be Able To
- Learn the principles of risk assessment and management and how and when they can be implemented in the construction industry
- Develop confidence in assessing project risks and responding for such risks with the most efficient mitigation strategies.
- Develop the experience in the risks calculations and taking decisions towards wise risk management strategies
- Develop high awareness to deal with risk in the design build environment or under Joint venture agreements.
- Visualize through the case studies the efficient approach of the simplified decision support system in classifying the risks, calculating the risks factors and the overall project risks which will help them to manage project risks within their projects.
 InstructorYasser Abdelghany, Ph.D., P.Eng.
Dr. Yasser Abdelghany, Ph.D., P.Eng. is the Construction Standards and Contracts Engineer at the Ministry of Transportation & Infrastructure (Government of British Columbia in Canada). He is a Professional Engineer in British Columbia, Ontario and Alberta. Dr. Abdelghany is a holder of B.Sc. and M.Sc. in Construction Engineering (AUC) in which his Masters degree is in the Construction Management area with Specialization in Risk Management “Classification of Risks for International Construction Joint ventures Projects”. He is a holder of a Ph.D. degree in Civil Engineering from the University of Western Ontario “Monotonic and Cyclic Behaviour of Helical Screw Piles under Axial and Lateral Loading”. Dr. Abdelghany has 16 years of varied engineering experience within International Engineering contracting firms ranked by engineering news records (ENR) in which he managed different EPC and DB projects among them an approximate 5Km Utility Tunnel, multiple projects with Shell petroleum company, different highways and bridges construction and management in which he provided unique management and contracts delivery services. Dr. Abdelghany worked for several years with gigantic petroleum corporations, Mobil Oil, and ExxonMobil as Projects and Maintenance Engineer (Lubricants and Projects Specialities (L&S), within the Logistics and order fulfillment. Dr. Abdelghany is a Certified Risk Assessor, Gas Detector, & Issuing Authority by ExxonMobil International Corporation.
Dr. Abdelghany managed multiple projects with Mobil Oil and then, ExxonMobil following the merger in 1999, among them:
- ExxonMobil Oil Blending Factory Major Rehabilitation Project “Without Disrupting Operations”
- ExxonMobil Filling House Structure Major Rehabilitation Project “Without Disrupting Operations”
- ExxonMobil Network Optimization Project - Setting a Strategic plan to get the best benefits of both Heritage Mobil and Esso assets following the Merger in 1999
- ExxonMobil Grease Manufacturing unit Project
- Exxon Supply Chain Management project
- Production Expansion of an Oil Blending Plant and two filling houses
- Multiple Assets allocation projects and trade-off analyses
- Construction and Operation plan for Multiple Oil plants, Fuel/Oil tank farms and Piping rack systems
- Waste Management projects
- Different Value Engineering operational and maintenance projects within the Lubricants and Fuels Terminals
To register for this course click on the register button above, or by fax. To register
by fax, download and fill our registration form,
then fax it to (888) 849-4871. Mail your cheque to our address
. If you have a question regarding this course, please click
here.
P.S. GIC can offer many of our courses at a location of your choice, at your convenience
and tailored to your special needs. For more information, please contact us.
Course Materials:
Each participant will receive a complete set of course notes and handouts that will
serve as informative references.
GIC reserves the right to cancel or change the date or location of its events. GIC's
responsibility will, under no circumstances, exceed the amount of the fee collected.
GIC is not responsible for the purchase of non-refundable travel arrangements or
accommodations or the cancellation/change fees associated with cancelling them.
Please call to confirm that the course is running before confirming travel arrangements
and accommodations. Please click here for
complete policies.
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Risk Analysis and Management in the Construction Engineering Industry (1.8 CEUs)
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