Construction Risk Forum

Risk management is compulsory in construction; an industry with high failure rates due to persistent failure to recognise and mitigate risk across the construction's life cycle. Construction risk is any event that on occurring will have negative consequences on the projects in terms of performance, functionality, schedule or cost. Risk is known to be inherent to any construction projects. However, 70-90% of risks encountered on most construction projects are predictable and preventable. Deliberate risk management plan will highlight these problems and will increase the chance of completing a construction project successfully. Construction project focusing attention to risk is critical in achieving success because change is inevitable. The best planned and managed construction project experience change as the work progresses, potentially creating deviations or significant impact on the initial estimates of time and cost. Thus, the proper thing to do is always to con­sider risk and to make use of the information gained in the decision process The Construction Risk Forum is an excellent platform for construction, engineering and project managers to discover more about the principles, techniques, processes, tools and application of risk management in order to minimise risk and maximize opportunities in all phases of construction's life-cycle. Key Topics

- Uncovering the significance of risk management in construction projects

- Allocating accountability of the risk management process

- Profiting from qualitative and quantitative risk assessment

- Providing detailed comprehensive analysis of potential risks' impacts

- Enforcing risk response and control for a more manageable project

- Keeping potential losses within tolerances set in advance by organisation

- Assuring control action established is proportional to the risk

Benefits of Attending

- Providing mechanism to review risks and changes in potential construction risk

- Developing deliberate risk management plan to guide risk management activities

- Preparing detailed risk response strategies to control and mitigate risk appropriately

- Encouraging positive attitude to management of construction risk

- Promoting continual improvement for current and future construction projects

- Enhancing communication between main contractor, sub-contractors, suppliers and client

- Assuring stakeholders that construction project is being professionally managed

- Benefiting from the case studies of knowledgeable risk management experts

- Benchmarking organisation's risk management plan with professionals and practitioners

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