Risk Management Planning with Expert Judgement

In this course we will review the owner’s primary goal in choosing a project delivery method to ensure that the planned project will meet the project goals and objectives, fit within the culture of their organization, and at the same time allow the project to be delivered on time, within budget, and achieve good quality. We will review the primary project delivery method arrangements with their advantages and disadvantages, and cover the three major types of contracts. It is the owner’s requirement to analyze the project delivery method advantages and disadvantages. The best way to do this is to examine the project risks and major categories of project risk. Next, we’ll address design. Good design is a result of collaboration among many different people, including the construction manager, architect, engineers, and owner. Although there is always a lead designer, the project is a combination of the collaborative process and consultation with other experts

• Understand primary goals in selecting project delivery methods
• Analyze advantages and disadvantages of delivery methods
• Evaluate impact on schedule and budget
• Identify major project risk categories
• Assess collaboration’s role in quality design

• Basic familiarity with risk and project management terminology
• Readiness to practice through applied exercises or case studies