Risk Analysis and Management in the Construction Engineering Industry (1.8 CEUs)

Posted by Global Innovative Campus on Tuesday, January 15, 2013

Start Date Monday, March 25, 2013
End Date Wednesday, March 27, 2013

Location
Toronto, ON
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Link
www.gic-edu.com/coursedetail.aspx?id=1209

Full Details

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 efficiencyTarget 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 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 and Ontario; and a member of the Transportation Research Board TRB - AFS30 Foundations for Bridges and other structures committee. A holder of a Ph.D. in Civil Engineering (Geotechnical Engineering) from the University of Western Ontario (UWO) in 2008 “Monotonic and Cyclic Behaviour of Helical Screw Piles Under Axial and Lateral Loading” and a Master’s of Science in Construction Engineering in 2002 “Classification of Risks for International Construction Joint ventures Projects” and Bachelor of Science in Construction Engineering from American University in Cairo (AUC) in 1998. Dr. Abdelghany has a patent for “Innovative Seismic Resistant Helical Screw Piles” and is a holder of an Ontario Centre of Excellence award in 2007 held in Toronto for his research on Seismic Helical Screw Piles and a Best Research Paper in 2002 in the International Conference for Computers and Industrial Engineering held in Greece “Tinos Island” for his research on “A Decision Support System for Classification of Risks for International Construction Joint Ventures Projects” and holder of the Power Corporation of Canada Award 2003/2004 from Quebec.He has 15 years of varied working engineering experience within International Engineering contracting firms ranked by engineering news records (ENR), others as ExxonMobil “the Gigantic Petroleum Corporation as a Projects Engineer and a Certified Risk Assessor, Gas Detector, & Issuing Authority by ExxonMobil International Corporation. Moreover he worked as a researcher for Concordia and Western Ontario Universities. he is an active member in different Civil Engineering and Construction Societies and Sub Committees such as Canadian Society of Civil Engineers Construction Division Committee; Canadian Geotechnical Society (CGS); International Society of Soil Mechanics and Geotechnical Engineering (ISSMGE); Member of Deep Foundations Institute and Helical Foundations & Tiebacks Committee; the American Society of Civil Engineers (ASCE); a Certified Construction Project Supervisor (CCPS) by American Society of Civil Engineers (ASCE) and reviewer for the Canadian Geotechnical Journal and Deep Foundations Journal. Further, he was nominated for Association of professional engineers and geoscientists of British Columbia (APEGBC) Council Elections 2009/2010 and 2010/2011 and 2011/2012.

Category
Training Courses