ΠΕΡΙΓΡΑΦΗ

Construction is a risky business. Every construction project is unique and comes with its own challenges and opportunities. If risks materialize,  they may have a significant impact on the costs, schedule, performance and scope of the project as well as on the health and safety of construction workers and third parties and on the environment.

Managing construction project risks requires careful development and implementation of risk management plans. Risks are not always negative. Through risk management planning, the upside of risk (opportunities) can also be identified and managed, leading to increased profitability, lower costs, timely completion etc.

Based on the ISO 31000 risk management standard and the Project Management Institute project risk management guidelines, the course shall take participants through the process of designing a project risk management plan, the identification and assessment of construction project risks and the strategies for treating and controlling risks. The course shall also guide participants through various types of insurances available for the construction industry.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme, participants will:

• Be aware of the risks associated with construction projects
• Be able to develop a project risk management plan
• Understand the principles of risk identification, analysis and evaluation
• Understand how to identify and analyse construction project risks
• Understand how to apply risk assessment techniques for identifying and analysing risk
• Understand how to select strategies and options for managing and controlling risk

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This course is suitable for anyone who is involved in construction projects like:

• Building and civil engineering contractors
• Electrical/Mechanical engineering contractors
• Developers
• Civil/electrical/mechanical engineers
• Quantity surveyors
• Risk managers
• Project managers
• Compliance officers
• Safety officers
• Internal/external auditors
• Finance managers/accountants

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline

Introduction

• Risks in a construction project
  • Project management risks
  • Financial Risks
  • Legal risks/Compliance risks
  • Environmental risks
  • Health and safety risks
  • Societal risks
  • Top 50 construction risks

Managing construction risk

• The risk management process
• Develop Risk Management Plan
• Project scope/objectives
• Identify stakeholders
• Define risk appetite/tolerance
• Define risk acceptance criteria
• Draft risk management plan
• Identify risks
  • Identify sources of risk
  • Risk identification techniques
  • Record risks
  • Risk Statements
  • The risk register
• Analyse risks
  • Likelihood & consequences
  • The risk matrix
  • Qualitative & quantitative analysis
• Evaluate risks
  • Determining the level of risk
  • Risk acceptance criteria
  • Key risk indicators
• Risk Responses
  • Strategies for negative risks
  • Strategies for positive risks
• Controlling Risks
  • Tools & techniques
  • Types of insurance available for the construction industry

CPD Recognition

This programme may be approved for up to 14 CPD units in Risk Management. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

Training Style

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, presentations, case-studies and real -life examples. Participants will benefit from feedback at the end of the programme and take away the knowledge gained to be transferred to their workplace. Significant time will be invested in analysing a real-life case study that will help participants understand how to apply the principles of incident investigation.

Trainer

Antonios Karpasitis

Antonis has over 40 years of international professional experience in non-life and life insurance with specialization in construction and large infrastructure projects insurance programs.

Managed the insurance programs of multi-million-dollar projects such as airports, highways, sports centres, housing complexes, dams residential and office buildings etc. in the UAE, Saudi Arabia, Libya and Cyprus.

He has over twenty years of life insurance general management experience in Cyprus and Central Europe with large multinational insurers. Holds a bachelor’s degree in business from SUNY and an Executive Development Diploma from the Wharton School of the University of Pennsylvania.

He holds the title of Chartered Insurer, he is Associate in Risk Management with the Insurance Institute of America, and a Fellow of the Life Management Institute.

He is a certified risk management professional with the Federation of European Risk Management Associations (FERMA) and a PECB certified ISO 31000 Lead Risk Manager. He is also a certified trainer with the Human Resources Development Authority (AnAD) of Cyprus.