Project Risk Management - Building and Construction

How to identify and manage risks on building and construction projects and understanding the Risk Standard ISO31000:2009
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  • Lectures 32
  • Length 6 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 7/2013 English

Course Description

This course has been designed for business owners and anyone involved in project management, and will be of particular interest to Estimators, Builders, Engineers, Construction and Project Managers, Project Coordinators and Site and Works Managers or those intending to be involved in the area of controlling costs, quality or any other risks on projects. It is the introductory course to the ASQA Unit of Competency Manage Project Risk BSBPMG508A - which is part of the Diploma of Project Management BSB51413. Contact us at Exner Education if you are interesting in the Unit of Competency or full Diploma Course.

Please note that this course is priced in US dollars.

What are the requirements?

  • Basic knowledge of construction projects

What am I going to get from this course?

  • Understanding the risk management process on construction projects
  • Knowledge of the International Risk Management Standard
  • Knowledge of different types of construction contracts and how they are used on different projects to manage risk
  • Risk response and treatment on construction projects
  • Understanding which tools to use to manage risk
  • How to make decisions when face with risk
  • How to prepare a risk report
  • How risks are registered

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: Introduction to This Risk Management Course
Risk Management Course Notes
46 pages
Section 2: Module 1 - Understanding Risk
Understanding Risk - Video
Module 1 - Self Assessment Task
5 pages
Section 3: Module 2 - Risk Management Framework
This video explains Understanding and Designing a Risk Management Framework in your organisations. It covers

1) Project Risk Management as a Cyclical Process

2) Designing a Framework for Risk Management

3) Risk Plans - what they contain, what they are used for

4) Business Risk v Construction Risk

5) Risk in Construction Projects

6) Choosing the Correct Construction Contract to Manage Risks

7) Risk Allocation

8) Contractual Risk - Key Areas to Consider on Construction Projects

1 page
This Checklist Covers the Factors that will influence the risk management process in your organisation - it lists those factors being: Company, Human and Process factors, and then goes on to set out the issues that you must consider for each of the influencing factors. 
Section 4: Module 3 Types of Contracts
Types of Contracts Video
Module 3 - Self Assessment Task
1 page
Section 5: Module 4 - Risks Identification
The Video for Module 3 on Risk Identification discusses how risk managers should focus on what could happen rather than what should happen on a construction project. The video covers in detail:
1) Source & Effect of Risk

2) Using Checklists for Risk Identification and types of Construction Risk Classification Checklists
3) Risk Identification Methods
4) People and a Systematic Risk Process

5) The Aim of the Risk Process

1 page
This is a sample work breakdown structure (WBS) - demonstrating how projects can be viewed as sub-projects and referring to the various scheduling techniques. 
Module 4 - Self Assessment Task
1 page
Section 6: Module 5: Analysing & Prioritising Risks
This Module 4 video covers the purpose of risk analysis and how an analysis can be either qualitative or quantitative. It covers in detail:
1) Risk Ranking
2) Registering Risks - Risk Registers
3) Qualitative Approach to Risk
4) Quantitative Approach to Risk
5) Quantifying Risks - and how to express the quantity of risk
6) Examples of quantifying risks

1 page
Here is a sample Risk Register completed - with explanations on that the different items to record are. 
Module 5 - Self Assessment Task
2 pages
Section 7: Module 6: Risk Response and Treatment
Module 6: Risk Response & Treatment Video
1 page
This flowchart outlines the tasks required to be completed in each of the risk management phases. 
2 pages
Complete this self assessment task to further understand how to monitor and control risks on an ongoing basis.
Module 6 - Self Assessment Task
2 pages
Module 6 - Self Assessment Task (2)
1 page
Section 8: Module 7: Decision Making Under Risk
Decision Making Under Risk Video
Module 7 - Self Assessment Task
1 page
Section 9: Module 8: The Risk Management Standards
The Risk Management Standards Video
Module 8 - Self Assessment Task
1 page
Section 10: Module 9: Risk Reporting & Risk Plans
Risk Reporting & Risk Plans Video
Detailed Risk Plan
9 pages
Section 11: Module 10: Evaluating the Risk Plan
Evaluating the Risk Plan Video
Module 10 - Self Assessment Task
1 page
Section 12: Best Practice Guidelines/Readings in Risk Management in Construction
21 pages
Exner's Research Paper discusses the correlation between Risk Management and Delivering Value for Money on Major Infrastructure Project. It defines both Risk Management and the Concept of Value for Money and how they complement each other in successful project delivery.
Project Risk Management-Uncertainties & Unknowns
45 pages
Best Practice in Construction Risk Management - Safety
24 pages
Construction & Infrastructure Risk Management through Insurance
50 pages
Section 13: Assignment: A Detailed Risk Management Case Study for further your knowledge
8 pages
This Major Case Study Consolidates all your knowledge on the topic of Risk Management in Building and Construction - test your competencies!
Section 14: Freedom to Choose - Exner TV Ad
Freedom to Choose

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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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