The key to minimizing risk is knowing what you don't know. Notice I said minimizing risk, because construction by its very nature has risk. We are always doing something new. Therefore, the program why explains the key fundamental to avoiding is to rely on experts.
The problems with risk, whether in construction or any endeavor, is that it is subject to what's called the iceberg principle. Most risk is out of sight to most people. The hidden risk is caused by project uniqueness, unknowns, unresolved issues, adversarial environments, poor decision making, poor planning, and assigning risk to the wrong people. Therefore, this program discusses how to minimize The above critical causes of risk.
Why should you Attend: This program is for you if you are
The primary responsibility of the project manager is risk management, in other words, it's the project managers role to minimize project risk for the client, the designers, the subcontractors, and the prime contractor. Why is the project manager concerned about all stakeholders? The answer is simple whenever one stakeholder gets into trouble on a project; it typically will spill over to the other stakeholders causing them problems also. Unfortunately, too many of today's current industry practices actually increase project risk or threaten a company's long-term stability. This program on risk management exposes today's dangerous practices and reveals methodologies that reduce risk for all parties, thus creating a win-win situation. Reducing project risk is essential for maintaining both a healthy company and a healthy industry. This program shows project managers and executives from contractors, designers, and owners how to work together to minimize project risk.
Most people of heard of Murphy's Law, namely "If anything can go wrong it will at the most importune time." However, I like O'Toole's Commentary on Murphy's Law. "Murphy was an optimist." While many contractors feel that O'Toole was right, that doesn't have to be the case. With proper risk management techniques in place, it's possible to remove virtually all major risk from projects.
Areas Covered in the Session:
Who Will Benefit:
Ted Garrison Certified Speaking Professional (CSP), has 25 years management experience constructing 10 million square feet of commercial buildings. Since 1996 Ted has served the construction industry as a consultant, author & speaker on construction management topics. In addition to his Civil Engineering degree and BA from Rutgers University, he has practical experience working in framing, trim, and survey crews. Most of his experience has been working with general contractors and developers in project man¬agement or senior executive positions in the development and construction of hotels, office buildings and parks, storage facilities, and public buildings.
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Event Link : http://bit.ly/Risk_Management_Eliminate_the_Hidden_Traps