A highly interactive training course on

Construction Risk Management

Increasing the Likelihood of the Successful Delivery of your Projects

Course Schedules

Dubai

18-22 Aug 2025

$5,950

London

10-14 Nov 2025

$5,950

Training course overview

The construction industry, as a capital investment venture, carries significant risks throughout its lifecycle, from development and design to construction and operation. Effective risk management is crucial for minimizing threats, capitalizing on opportunities, and making timely decisions under uncertainty.

This Construction Risk Management training course, grounded in the PMI's new Practice Standard for Risk Management and the ISO31000 series, will equip you with essential processes, tools, and techniques for risk management planning, assessment, analysis, treatment, monitoring, and control. Additionally, the course prepares you for the PMI Risk Management Professional (PMI-RMP)® certification, providing you with internationally recognized credentials to distinguish yourself in the field.

Key topics covered include:

Unique features and project delivery approaches in construction
The spectrum of risks within the construction industry
Planning and identification of risks
Assessment and analysis of risks
Planning and implementing risk responses to both threats and opportunities
Tools and techniques for managing projects while addressing emergent risks

What are the goals?

By the end of this training course, participants will be able to:

Provide a structured methodology to plan for risk management including strategic risks
Prepare to become a Certified Risk Management Professional (PMI-RMP)® certification exam
Improve the risk threshold through proper identification of risk tolerance and risk attitude
Apply qualitative and quantitative risk analysis techniques
Adequately plan for risk responses and treat the risks accordingly
Monitor and report the status of residual risks, secondary risks, and emergent risks

Who is this training course for?

This Coventry Academy training course is suitable to a wide range of professionals involved in studying, designing, procurement, construction and operation of construction facilities, but will greatly benefit:

Senior managers involved in the selection and strategic alignment of construction projects
Professionals who are working as project managers or key project or program team members
Professionals who have been directly involved in risk identification, analysis, and response on any kind of project
Those who recognise project risk management as a core part of their professional experience and want to become certified Risk Management Professionals

How will this training course be presented?

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. Case study exercises are used to facilitate practical application and reinforcement of theoretical concepts. Topic driven tutorial sessions are supported by risk simulations that allow delegates to explore their comprehension. Group discussions review the exam questions and quizzes and uncover the approach and prepare for the risk management certification.

Course Outline

Day One: The Construction Industry and Its Risk Spectrum

Course Opening and Pre-Course Assessment
Phase by Phase Understanding of construction and development
Project delivery methods and its relation to risk allocation
Challenges and Issues in construction Execution and management (with case studies)
Lean construction concepts and waste minimization in construction
PMI’s risk management approach versus ISO 31000 for risk management
Other international risk management frameworks and standards

Day Two: Risk Strategy, Planning and Identification

Assess project environment for threats and opportunities
Confirm risk thresholds based on risk appetites
Establish risk management strategy and the risk management plan
Engage stakeholders in risk management activities
Conduct risk identification exercises
Develop risk register and risk report
Exam Q and A review and Case Studies

Day Three: Risk Assessment and Analysis

Perform qualitative analysis
Perform quantitative analysis
Identify threats and opportunities
Schedule-Risk Analysis
Cost-Risk Analysis
Exam Q and A review and Case Studies

Day Four: Risk Response Planning and Implementation

Determine appropriate risk response strategy and response actions
Assign roles and responsibilities for risk actions
Execute the risk response plan(s) and the contingency plan(s)
Encourage stakeholders to provide feedback on the risk response
Evaluate and react to secondary and residual risks from the response implementation
Exam Q and A review and Case Studies

Day Five: Monitor and Close Risks