Construction Project and Risk Management (10 Days)

Section One

• Overview of project management
• Project life cycle
• Characteristics of construction projects
• Project management processes
• Project roles and organization structure
• Project stakeholders

Section Two

• Project management process and knowledge areas.
• Project Procurement & Contracting
• Project procurement methods, bidding
• Standard-form contracts
• Contract terms

Section Three

• Planning & scheduling
• Contract administration issues (change orders. change directives, etc.)
• Work breakdown structure 
• Activity definition
• Estimating activity duration

Section Four

• Activity dependencies and precedence relationships
• Critical path method (CPM) computations
• Resource-constrained scheduling
• Duration compression using crashing
• Cost estimation

Section Five

• Purpose & types of estimates
• Techniques for early estimates
• Preliminary and detailed cost estimating
• Cost components
• Economic feasibility analysis

Section Six

• Estimating total project cost
• Defining schedule and budget baseline progress curves
• Project monitoring & control:
• Measuring and Analyzing

Section Seven

• Earned-value analysis
• Reporting project progress
• Assessment of cost and schedule deviations/performance
• Forecast project progress/cost at completion

Section Eight

• Managing risk
• Risk Management System
• Benefits of Project Risk Analysis and Management
• Sources of risk
• Risk as an opportunity

Section Nine

• Value management & risk
• Behavioral and cultural factors
• Environment & stakeholders
• Compiling the Risk Management Plan
• Risk identification and risk assessment
• Quantitative methods for risk assessment

Section Ten

• Planned responses to risk
• Risk registers & their operation
• Risk ownership
• Quality & quality management
• Scheduling, planning & work definition