The value of managing risks on projects depends on the success achieved with the pro active efforts to minimize the negative impacts of threats and to maximize the positive impact of opportunities.
The typical steps of planning for risk management, identifying risks, prioritizing risks, conducting risk analysis and planning the appropriate risk responses are of little value if the selected response strategy is not implemented, monitored and controlled throughout the project. This course addresses all of these aspects incorporating lectures, discussions, and practical classroom exercises.
Who should attend?
Construction Project Managers, Regulatory agencies, Project staff in the Construction and Engineering Environment, Local Government Groups, Risk Management Specialists, Civil Engineers, Architects, Geotechnical Experts, Financial Specialists, Contractors, Construction Industry Tradesmen and Professionals with an interest in how to manage Risks on Construction and Engineering projects will benefit from attending this accredited training webinar.
Date:
29-30 April 2025
(2 Day Training)
Time:
8:30 – 16:30
CPD:
2 CPD Points ECSA
1.4 CPD Credits SACPCMP
Fees:
R6490 + vat (Early Bird)
R6999 + vat (Standard)
Course Objectives:
On completion of the course, delegates should be equipped:
- To appreciate the need for the management of risk in the construction environment.
- To provide a framework & process for the management of the risks.
- To identify and prioritise potential risk events.
- To use established risk management tools and techniques to assist in the analysis, management, monitoring and reporting of identified risks.
- To develop and implement risk management response strategies.
- To understand the overall management of risk process.
Session 1
Fundamentals of Managing Risk on Projects
- Definition of Risk
- Risk Management as part of Project Management
- Risk elements
- Sources of risk in the Construction and Engineering environment
- Contract types and risk
- Risk Categories
- Project Risk Management Processes
- Critical Success Factors for Project Risk Management
- Responsibilities
- Scalability and tailoring of risk management processes
- Risk manageability
- Benefits of Project Risk Management
- Barriers to Project Risk Management
Session 2
Planning for Risk Management on Projects
- Influencing factors
- Project Objectives
- Critical Success Factors
- Inputs to risk management planning
- Tools and techniques used
- Risk Management Plan
- Risk Register
Session 3
Identifying Risks
- Sources of Risk
- Critical success factors for identifying risks
- Inputs to identifying risks
- Risk identification tools and techniques
- The Risk Statement
- Updating the Risk Register
Session 4
Analyzing Risks
- Risk Analysis approaches
- Probability
- Impact
- Risk tolerances and thresholds
- Risk proximity
- Risk analysis tools and techniques
- Qualitative risk analysis
- Updating the Risk Register
Session 5
Responding to risks
- Risk response planning
- Critical success factors for risk response planning
- Inputs to risk response strategies
- Response strategies for threats
- Response strategies for opportunities
- Tools and techniques
- Residual risks
- Secondary risks
- Reserves, contingencies, and fallback plans
- Integrating the risk response plans into Project Management Plan
- Updating the Risk Register and project management plan
- Executing risk responses
Session 6
Monitoring risks
- Critical success factors
- Inputs to monitoring risks
- Tools and techniques
- Documentation updates
- Risk management and project closure
How Much?
Early Bird: R6490 + vat
Standard: R6999 + vat
When?
Date: 29-30 April 2025
Time: 08:00am 16:30pm (CAT Daily)
Discounts?
3-6: 5% off
7-11: 7% off
+12: 10% off
FAQ:
This is a 2-day interactive training webinar covering risk management in a construction and engineering environment.
This course is based on:
- The PMBOK® Guide – 7th Edition (2021).
- The Standard for Risk Management in Portfolios, Programs, and Projects (2019)
- The Construction Extension to the PMBOK® Guide (2016)
- Navigating Complexity: A Practice Guide (2014)
- Process Groups: A Practice Guide (2022)
The training is CPD Validated with the following councils/associations:
ECSA- 2 CPD Points
SACPCMP- 1.4 CPD Credits
Catering services will be offered by UBER Eats- Delegates to receive meal vouchers Daily, provided Uber Eats is available in your area*
What Do I Need?
Each delegate will need the following to attend:
- Steady Internet connection for the duration of the training
- Laptop / PC / Smart Phone and Power supply (Charger)
- Zoom Meeting Software installed onto your laptop /
- PC / Smart Phone
- Quiet Space
Preferable but not compulsory:
- Headset / Ear Phones to clearly hear the facilitator
About The Trainer?
Having been a practicing consultant in project management for more than twenty-five years, Dave Fourie’s long career in program and project management brought him in contact with various project management methodologies and best practices in private as well as public organisations. Dave brings his theoretical knowledge linked to vast practical experience Into the training environment with a genuine desire to assist delegates in becoming practicing project management professionals. Certified as a Project Management Professional (PMP), Portfolio, Programme and Project Offices (P3O), Managing Successful Programs (MSP) and in PRINCE2.
Terms & Conditions
Payment Terms:
- Payment is required within five (5) working days on receipt of tax invoice.
- Following completion and return of the registration form, full payment is required within five (5) working days from receipt of tax invoice.
- We reserve the right to refuse admission and withhold CPD points and certificate if payment is not received on time, a payment or an official purchase order must be received prior to the conference or training seminar.
Fees:
- Fees are exclusive of VAT
- Bulk discounts are not calculated on early bird price. Invoiced amounts need to be paid on or before the early bird date to receive the rate.
Cancellation Policy:
- All cancellations must be sent in writing at least 10 working days prior to the event.
- Cancellations within 10 working days before the event starts will not receive any refund and will be liable for the full invoiced amount, however, a substitution of the delegate will be allowed.
Indemnity:
- Should for any reason outside the control of BEST Training events, the dates or speakers change, or the event is cancelled due to an act of terrorism, extreme weather conditions or industrial action, BEST Training shall endeavour to reschedule but the client hereby indemnifies and holds BEST Training harmless from and against any and all costs, damages and expenses, including attorney’s fees, which are incurred by the client.
- The construction, validity and performance of this agreement shall be governed in all respects by the laws of South Africa and to the exclusive jurisdiction of whose courts the parties hereby agree to submit.
No-shows:
- Registrants who do not attend the event, without written notices as per the cancellation policy will be liable for 100% of the invoiced amount.
Important Notice:
- The booking form below constitutes as a legal binding contract.
Whilst every reasonable effort will be made to adhere to the advertised brochure(s), BEST Training reserves the right to change dates of events if the need arises.
Register
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You can also email us at info@besttraining.co.za
