Strategic Risk Management for Modern Construction Projects: A Comprehensive Course Guide

The Strategic Risk Management for Modern Construction Projects course by BHADANIS Quantity Surveying Training Institute equips construction managers, engineers, and risk professionals with advanced tools to identify, analyze, and mitigate risks in complex infrastructure projects. This 4-week online program combines theoretical frameworks with real-world applications, enabling learners to safeguard project timelines, budgets, and quality standards.

Course Overview

• Language: English

• Duration: 4 weeks (self-paced)

• Admission Process:

  1. Purchase the course and access recorded lectures.

  2. Submit identification via WhatsApp (+918603333379).

  3. Receive Zoom-based mentorship for doubt resolution.

  4. Access placement support for up to 1 year.

Key Modules and Learning Objectives

1. Risk Identification and Categorization

• Techniques: Brainstorming, SWOT analysis, and Delphi method.

  • Example: Identifying risks in a high-rise project, such as delayed steel deliveries or labor shortages.

• Risk Registers: Documenting risks by category (financial, operational, legal).

2. Quantitative and Qualitative Risk Analysis

• Tools: Probability-impact matrix, FMEA (Failure Modes and Effects Analysis), and Monte Carlo simulations.

  • Case Study: Analyzing the financial impact of a 3-month delay in a ₹500 crore metro rail project.

3. Risk Mitigation Strategies

• Avoidance: Redesigning project scope to eliminate high-risk activities.

  • Example: Prefabricating bridge components off-site to avoid monsoon delays.

• Transfer: Shifting liability via insurance or subcontracting.

• Acceptance: Budgeting contingencies for low-probability risks.

4. Contractual Risk Allocation

• Clauses: Force majeure, penalty/bonus terms, and dispute resolution mechanisms.

  • Case Study: Enforcing a 0.1% daily penalty for delays in a hospital construction contract.

5. Monitoring and Reporting

• KPIs: Tracking schedule variance, cost performance index (CPI), and risk exposure.

  • Formula: CPI = Earned Value / Actual Cost.

6. Crisis Management

• Contingency Plans: Rapid response protocols for accidents, strikes, or natural disasters.

  • Example: Activating backup suppliers during a sudden cement shortage.

Career Opportunities

• Job Roles: Risk Manager, Construction Project Manager, Contract Administrator.

• Industries: Infrastructure, real estate, energy, and transportation.

Why Enroll?

• Practical Frameworks: Learn FMEA, Monte Carlo simulations, and contractual risk allocation.

• Real-World Relevance: Case studies from metro, high-rise, and industrial projects.

How to Join

Visit Strategic Risk Management Course or call +918603333379.

Fri May 23, 2025