Manage risks and the risk process for Construction and Built Environment Projects
Recognize positive risk and use it to improve project outcomes
Manage the risk process throughout the project and gain input from the required stakeholders
Apply the different risk classifications appropriately
Identify and evaluate risks for better allocation, avoidance, and management of risks
Manage the risk prioritization process during Front End Planning and conduct
Determine how to apply risk tools appropriately
Use the Integrated Project Risk Assessment (IPRA) tool to improve how risk are managed
Apply risk management tools and techniques to drive a better risk process (Monte Carlo simulations, probabilistic risk management techniques, and risk registers)
Mobilize a risk management framework process at the project outset
Manage the claims process
Use lessons learned and previous project data to identify problematic areas on projects that result in claims
Recognize how contract types and delivery methods selected impact the frequency of claims
Utilize the claims process and key intervention points to reach early resolution
Distinguish the difference between change/variation orders and claims
Apply best practices to prevent claims and disputes (i.e. FEP, DRB, Documentation, communication, etc.)