Manage Project Risk BSBPMG517

BSBPMG717A Manage Project Risk, as part of the full Diploma of Project Management - BSB51413.
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  • Lectures 16
  • Length 4.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 2/2014 English

Course Description

In guiding a project, particularly one in the building and construction industry, the method risks are identified and managed is very crucial to the successful delivery of the project. In reality, many people talk about managing risks in construction, but very few are really good a understanding the risks, quantifying them and determining how to mitigate them.

Whilst  Project Risk Management is not a new concept for teaching, Exner Education, drawing on their 25 years of experience in the construction industry have tailored this course to address many of the challenges (call them risks) facing Construction Projects and their Project Managers today.

Please note that this course is priced in US dollars.

Duration of Study

The pace at which each student studies is different. The nominal hours for this course are 40 hours, however, this can vary greatly depending on your previous experience and study techniques. Student support is available by asking a question online or visiting our website.

We offer our Support as a Registered Training Organisation (Provider number 22450)

As a RTO (Provider number 22450), Exner Education is responsible for delivering quality training and assessment.

Typically projects have the greatest risks associated with them and as such are far more susceptible to deliver outcomes where large financial losses are experienced or the project be delivered late or to a lower quality than expected. So risk management is everything!

Exner Education’s Project Risk Management course serves to provide an understanding of the theory and practice of risk management in the building and construction industry.

This course or unit of competency is selected from an Australian Nationally endorsed business services training package. It also one of the 12 units that make up the Diploma of project management.

If you are an Australian student and would like to be assessed for this unit of competency, please visit our website for more information. Upon successful completion of the assessment, you will qualify to be awarded a Nationally accredited certificate of attainment within the VET sector.

We recommend that students purchase a copy of "A Guide to the Project Management Body of Knowledge", Fifth Edition (PMBOK® Guide) ©2013 Please note that "PMBOK" is a registered mark of the Project Management Institute, Inc.

If you would like to discuss being assessed for this course, visit our website.

What are the requirements?

  • Basic knowledge of construction projects

What am I going to get from this course?

  • Learn how to identify project risks
  • Analyse project risks
  • Establish good treatments and controls to manage risks
  • Monitor and control risks ongoing on projects
  • Assess risk management outcomes and make improvements where necessary

Who is the target audience?

  • business owners, site managers, construction managers, project managers, risk managers, foreman, contract managers, quality managers

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Guidelines to Studying this course

Watch this video to get an understanding of the topics covered in this course and how to approach your study. Lets us know if you have any questions along the way.


Here is a short video on the key risks associated with construction projects.

Section 2: Overview

Watch this video which provides an overview of risk management on projects, then download the additional reference material.

102 pages

Here are the total course notes for your to download and follow for each of the course sections.

Section 3: Determine Project Risk

Watch this video on determining and assessing project risk and download the additional reference material.

Determine Project Risk
10 questions
Section 4: Risk Categorisation

Watch this video on risk categorisation and then download the attached Construction Risk Checklist. It provides a good overview of the categories of risk very often found on construction projects. You can use it as a checklist for your own construction projects.

Risk Categorisation
10 questions
Section 5: Analysing Risk

Watch the video on how to analyse risk. Then download and view the additional reference material. Then undertake case study 1 - it looks at how to identify risk on a project.

Analysing Risk
10 questions
Section 6: Approaches to Risk

Watch this video on on how to approach assessing risk - and forming conclusions on the level of risk.

Approaches to Risk
5 questions
Section 7: Risk Response Planning
Risk Response Planning - Video
Risk Response Planning
5 questions
Section 8: Perform Risk Analysis

Watch this video on performing a risk analysis and download the additional reference material. Also undertake case study 2 - it looks at how to select the appropriate risk treatment options.

Perform Risk Analysis
5 questions
Section 9: Communication of Risk

Watch the video on communicating risk and download the additional reference material. Then have a look at case study 3 - it deals with proposing different strategies to manage risks.

Communication of Risk
5 questions
16 pages

Check out this pro forma risk plan to use on a construction project. You may be able to use it on your next construction project. Review the table of contents to familiarise yourself with the contents that form part of a risk plan.

Section 10: Establishing Procedures and Processes

Watch the video on establishing risk procedures and processes, download the additional reference material and then undertake case study 4. Case study 4 looks at how to implement processes to manage project risk.

Establishing Procedures and Processes
5 questions
Section 11: Monitoring and Controlling Risk

Watch the video on monitoring and controlling risks on projects. Then Undertake case study 5 - this case study looks at the risk management plan. Also refer to the sample Construction Project Risk Plan I have attached as a good example. Then undertake case study 6 - this case study looks at monitoring and reviewing your risk management process.

Monitoring and Controlling Risk
5 questions
Section 12: Risk Responses and Plans

Watch the video on on risk responses and plans and download the additional reference material. Then undertake case study 7 - it looks at how changes can impact your risk management plans, and that risk plans need to be updated when changes occur

Risk Response and Plans
5 questions
Section 13: Risk Assessments

Watch the video on risk assessments then download the additional reference material. Then undertake case study 8 - it looks at checking the effectiveness of your risk management process. Case Study 9 looks at making improvements in your risk management planning and processes based on lessons learnt on past projects.

Risk Assessments
5 questions

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Instructor Biography

Exner Education, Project Management for Building and Construction

Exner is an integrated education and consulting firm with over 25 years of experience providing an extensive range of professional management services to the construction industry. Our hands-on experience includes design and construction, expert claims quantification and management, project management, business systems consulting, value for money models, safety in design and risk management systems.

Exner Education is an ASQA registered RTO and is the training development and delivery branch of Exner. From its practical experience and knowledge Exner Education has designed, developed and delivered construction specific training over the past 15 years. Exner Education provides a 'hands on' practical approach to training, developed and delivered by people who have real current practical experience in the field and are qualified VET sector trainers. This gives Exner a unique ability to balance both theoretical teaching knowledge complemented with current 'best practice' work examples.

Our Training & Education experience includes the instructional design of training ranging from:

· safety and site compliance;

· project management including from tender preparation, claims management to project close out;

· engineering practices; and,

· corporate improvement strategies.

Exner Education has designed, developed and delivered training for both large and small companies as well as government authorities including, Leighton Contractors, Pro-Build, Grocon, Schiavello, MBAV, HIA, VMIA, Nicholson Construction, Johns Lyng, APM Group, Victorian Managed Insurance Authority, VicRoads, Department of Treasury and Finance and Victorian Catchment Management Authority.

Exner continues to develop its online learning 'experience' and provides a unique interactive delivery methodology which gives students world first teaching tools, combining Exner's practical construction knowledge with core theory to further enhance the students learning experience.

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