Civil Engineering and ConstructionConstruction Risk Management
Cost overruns and late completion on infrastructure projects seldom come from events nobody could foresee. They come from known ground, supply chain, design and interface risks that were listed once at inception and never managed. This course treats risk as a commercial and programme discipline across the life of a project. Delegates identify risks with structured techniques, assess likelihood and impact, and build a live register with owners and responses. Quantitative methods follow, including Monte Carlo simulation of cost and schedule, contingency setting and confidence levels. Allocation of risk through contract form, insurance and bonds is examined from client and contractor viewpoints, along with currency and inflation exposure in African markets. Delegates leave able to run a risk workshop, quantify contingency and report risk exposure to a project board.
Course objectives
- Apply structured techniques to identify project risks and opportunities
- Assess likelihood and consequence and rank risks consistently
- Maintain a risk register with owners, responses and trigger points
- Run Monte Carlo simulation of cost estimates and programmes
- Set contingency at a stated confidence level and manage its drawdown
- Evaluate how contract form, insurance and securities allocate risk
- Assess currency, inflation and supply chain exposure on regional projects
- Report risk exposure and trends to sponsors and project boards
Who should attend
- Project and programme managers
- Commercial managers and quantity surveyors
- Cost and planning engineers
- Client and funder project representatives
- Risk managers in infrastructure and construction organisations
Course outline
- 01Risk principles and the project life cycle
- 02Identification techniques and workshops
- 03Qualitative assessment and the risk register
- 04Quantitative cost risk analysis
- 05Schedule risk analysis
- 06Contingency setting and drawdown
- 07Risk allocation, insurance and securities
- 08Currency, inflation and supply chain exposure
- 09Monitoring and reporting risk
Scheduled sessions
| Dates | Venue | Format | Price | Register |
|---|---|---|---|---|
| 2 to 6 November 2026 | Online | Online | R8,500 per delegate | |
| 7 to 11 December 2026 | Johannesburg, South Africa | Classroom | R19,950 per delegate | |
| 8 to 12 February 2027 | Gaborone, Botswana | Classroom | R19,950 per delegate | |
| 22 to 26 February 2027 | Durban, South Africa | Classroom | R19,950 per delegate |
Construction Risk Management
From R8,500