Construction Risk Management

Man­ag­ing risk is a crit­i­cal func­tion to ensure suc­cess­ful con­struc­tion projects. Con­struc­tion is inher­ent­ly risky includ­ing aspects such as: costs, time, phys­i­cal (per­son­al and prop­er­ty), envi­ron­men­tal, juris­dic­tion­al, rep­u­ta­tion, and gen­er­al lia­bil­i­ty. Risk lev­els and sen­si­tiv­i­ty must be con­sid­ered in detail for every project. This course will pro­vide par­tic­i­pants a sol­id foun­da­tion in the con­cepts, tools and tech­niques of con­struc­tion risk man­age­ment. The course draws from var­i­ous per­spec­tive of the con­struc­tion indus­try to give stu­dents a well-round­ed approach to this process and an under­stand­ing of the ratio­nale used in devel­op­ing effec­tive risk man­age­ment systems.

Course at a glance
  • Recognized by CIQS, Gold Seal, and Blue Seal both as required education for accreditation and continuing professional development (post-accreditation maintenance).
  • Aimed at a wide range of construction workers, including tradesmen and journeymen, managers and supervisors, administrators, contractors, consultants, architects, and construction business owners.
  • Learning resources and materials available through eClass, the University of Alberta’s eLearning management tool.
What you will learn

By the end of this course, you should be able to:

  • Describe the concepts of risk control.
  • Describe all risks associated with the construction industry for construction projects using a systematic classification of risks.
  • Complete risk identification procedures for construction projects.
  • Complete a construction risk assessment for the project after determining the total risk profile that the project demonstrates.
  • Develop a risk analysis using quantitative methods that will appropriately value the risk for the construction project.
  • Create a risk management process plan that will aid the participant in meeting the challenges that each risk presents.
  • Develop risk management techniques to deal with specific categories of risks.
  • Develop risk response strategies (including strategies for mitigating major risks) that will provide specific actions to deal with risks of various types.
  • Perform a root cause analysis to help recommend proper actions to deal with situations for where risks were not previously identified.
  • Review case studies and report on the risks associated with each example.
This course has no prerequisites

Students from all educational backgrounds welcome. You can register for this course without applying and enrolling in a program.

Take note:

  • Prior knowledge of project management is recommended for student success.
  • In-class participation will be graded, including group work and case study review.
Currently counts towards:

Applicants intending to enrol in a program are encouraged to apply as soon as possible to lock in their course requirements since they are prone to change.

*If you are already enroled in this program, please refer to your specific program requirements as outlined at the time of your admission: Bear Tracks > Academic Advisement.

When will
this course be offered?

New course schedules are released each June and November.

Course not yet scheduled

This course is not currently scheduled, but may be offered in an upcoming term.

New course schedules are announced each June and November.

Sign up for updates

Interested in future offerings of this course? We can let you know when this course becomes available.