Professional Diploma in Construction Risk Management
No. of Modules: 3
Study that fits your schedule
Total Course Fee per year is £1,950.00
Subscription Fee: Monthly Direct Debit Payment Plan: £296 upfront fee and £296 x 7 months (starting from month 1 to month 7 inclusive).
Introduction
Within construction there are multiple different risks that can occur. In order to consistently maintain a high standard of service and success, construction managers need to be equipped to deal with these risks. Risk management within construction is the evaluation and implementation of procedures to reduce the potential impact of construction risks. This Professional Diploma in Construction Risk Management will teach you how to do that in the most effective manner.
Firstly, to effectively reduce the impact a risk can have, the best thing you can do is be well prepared. If you are able to identify risks at an early enough stage, you can begin to proactively prepare and implement the correct procedures to managing them. In doing so you can swiftly minimise any potential losses or undesirable events from happening.
The six main risks you need to be aware of and prepared for are: labour issues, safety hazards, coordination, documentation, reporting and disputes. Throughout this Construction Risk Management course we will teach you have to confidently assess, prepare for and handle risks within each of these six areas.
Construction Risk Management at The College of Contract Management
At the College of Contract Management, we often work with construction managers who have faced numerous risks within the industry. Through this combined experience we have crafted a course tailored to give you the best possible skillset for mitigating risks. This course, delivered by expert professionals will provide you with a deeper understanding of how to identify and assess risks appropriately. Once identified, you will then be able to handle these risks with the correct approach, thanks to the techniques you have learnt.
Within each module you will explore the different types of risk you may face. In addition to this, you will then be taught how to identify, report and avoid risks. Furthermore, should a risk be unavoidable, you will learn how to manage this risk to minimise its effects. Finally, this course contains multiple case studies and practical examples. Through the use of these you gain a further understanding of how the skills you have learnt can be applied in a practical setting.
Key Benefits
Key Benefits
- Increased competencies surrounding construction risk management
- Exploration into the risks of construction and how they can be mitigated
- Accessible online lectures that suit your schedule
- Affordable education, available worldwide
- Content delivered by experienced industry experts
- Understand the application of skills thanks to practical examples and case studies
- Access to the student portal, Moodle
- Monthly payment plan available to help you spread the costs
Course Content
Course Content
Module One
Demystifying your role in Risk Management
- Demonstrate industry best practice risk management process, as well as a comprehensive understanding of key frameworks, enabling them to effectively identify, assess, and manage risks within the context of their organisations.
- Establish the contextual framework for a project, considering both internal and external factors, effectively identifying and engaging stakeholders, and ensuring alignment with governance structures to facilitate successful discussions on potential risks around project initiation and execution.
- Gain proficiency in the assessment stage of the risk management process, with the ability to systematically and comprehensively identify and evaluate risks, enabling them to proactively manage potential threats and opportunities.
- Possess the expertise to effectively analysis risks in the assessment stage of the risk management process, allowing them to assess the potential impact and likelihood of identified risks, make informed decisions, and implement targeted risk mitigation strategies.
- Proficiently evaluate risks within the assessment stage of the risk management process, enabling them to assess their potential consequences, prioritise them effectively, and make informed decisions to enhance the resilience and success of their organisation or projects.
- Expertly address the treatment of risks during the assessment stage of the risk management process, allowing them to develop and implement tailored risk treatment plans, effectively monitor progress, and ensure the mitigation of identified risks.
- Systematically monitor and review risks during the assessment stage of the risk management process, enabling them to proactively track risk treatments, assess their effectiveness, and make necessary adjustments to ensure ongoing risk mitigation and improved outcomes for their organisation or projects.
- Proficiently handle communication and consultation within the assessment stage of the risk management process, allowing them to effectively engage stakeholders, share risk information, and foster collaboration to ensure a well-informed and coordinated approach to risk management.
- Comprehend risk ownership, risk allocation, and their direct impact on the commercial mechanisms in project and contract management.
- Assess the critical importance of risk hierarchies and how they influence commercial mechanisms, allowing for more effective risk management and decision-making that positively impacts the organisation’s commercial strategies and outcomes.
- Identify risks using various techniques and practices, including the recognition of different personas/scenarios involved, ensuring a well-prepared and responsive approach to risk management.
- Manage quantitative risk assessment techniques and practices, specifically focusing on cost-related assessments. They will be well-versed in evaluating risk from various positions, including the current, residual, and target positions, enabling them to make data-driven decisions that effectively manage costs.
- Monitor risk contingency management and its seamless integration with commercial systems like CEMAR.
- Demonstrate a proficient understanding in quantitative risk assessment techniques and practices related to project schedules.
- Assess and act upon the 5 Ts in the risk management process; Tolerate, Treat, Transfer, and Terminate.
- Possess the necessary skills and knowledge to effectively navigate the communication and consultation stages of the risk management process. They will be adept at engaging stakeholders, conveying risk information, and fostering collaboration, ensuring that key risk information is disseminated efficiently. They will also understand how risk escalation facilitates key risk visibility across the entire risk landscape, enabling informed decision-making and fostering a proactive risk management culture that contributes to improved organisational resilience and success.
- Comprehend the risks associated with construction contracts in the pre-contract stage, enabling them to make informed decisions that optimise risk management in the construction industry.
- Determine the risks associated with construction contracts in the pre-contract stage, enabling them to make informed decisions that optimise risk management in the construction industry.
- Appreciate the risks inherent in project delivery systems during the post-contract stage. This knowledge will enable participants to make informed decisions and implement effective risk management strategies for successful project delivery.
- Identify the risks inherent in project delivery systems during the post-contract stage. This knowledge will enable participants to make informed decisions and implement effective risk management strategies for successful project delivery.
- Complete a practical task using a case study with two scenarios.
- Utilise lessons learned to drive improvements in commercial negotiation strategies, ultimately securing profit margins more effectively. They will gain the skills and insights needed to adapt and refine negotiation approaches based on past experiences, contributing to enhanced profitability and better business outcomes.
- Drive continuous improvement in commercial negotiations using risk data and add significant value when communicating with the C-Suite. They will develop the skills and knowledge to effectively convey insights, data, and strategies that contribute to growth, efficiency, and long-term success, making these discussions powerful when negotiating future contracts.
Module Two
Mastering Data Confidence and Decision-Making
Module Three
Commercial Success: Optimising Risk Management
Entry Requirements
Entry Requirements
In order to take the Professional Diploma in Construction Risk Management you will be required to provide evidence of previous work within the industry. This course has been designed to further existing skills, rather than teach new ones. The content included within these lectures is suitable for those with existing experience, so applicants are required have existing understanding and experience.
If you have any questions or concerns regarding your eligibility, please reach out to us via Livechat. Our friendly team are on hand to help on a Monday to Friday and will be more than happy to help. Alternatively, you can email us on enquiries@theccm.co.uk
Course Delivery
Course Delivery
The Studying Process
In order to further your career, or enhance your comprehension in your chosen topic, you will need to undertake some form of training. Unfortunately, training can often require time and funds that can be difficult to part with. At the College of Contract Management, we aim to offer further education that is affordable and accessible. We offer live online lectures, hosted outside of standard working hours. In doing so we hope to make learning opportunities more accessible and affordable for all.
Once you have enrolled, you will be sent details on how to access our student portal, Moodle. From here you will have access to all necessary course resources. You will be able to attend live lectures, plus also see any previous lecture recordings. Additionally, from here you will have an open line of communication with both College staff and your fellow students.
The Assessment Process
The final step of each module is to complete an online assessment. Each assessment will be conducted and handed in via your Moodle account. Each assessment has been created to help us gain an accurate understanding of what you have learnt from your course. Finally, once you have successfully finished all modules and passed each assessment, you will achieve certificate of completion.
Period of Study
Period of Study
Studying this Professional Diploma in Construction Risk Management will take between roughly x to x months to complete. During this time you will study each of the three modules and complete each online assessment.
Fee
Fee
The total cost is £1,950.00
Pay Monthly: an upfront fee of £296 and a monthly direct debit of £296 for 7 consecutive months (Month 1 – Month 7, inclusive).
