This seminar will cover the risk identification approach created by the American Institute of Architects, the Project Definition Rating Index, and show how its use can identify areas of risk early in the project.
We will identify specific risks in the areas of scheduling, costing, contracting and show approaches that can reduce them. The construction industry has another area of risk – fraud. The seminar will show ways to identify fraud so that the project manager can take a pro-active approach in eliminating it.
Even though the construction industry purchases more project management tools than any other industry, far too many construction projects run late, over budget, or both. A project that is late or over budget will fail to meet the promised return on investment and may miss the market opportunity entirely.
KPMG’s 2007 Global Construction Survey found that a shortage of qualified contractors was the biggest challenge facing new construction projects. The survey found that there was a shortage of people with the right skills at all stages of project planning, from procurement to delivery, including internal resources able to contract, tender and manage large scale projects and third party contractors hired to deliver them.
Extensive use is made of real-life examples throughout the course.
