Learning Outcomes

Upon successful completion, the student will be able to:

• Apply the tools that have been developed in the course and throughout the program to identify, analyze and manage risk in the development and construction of buildings.
• Interpret the subject of risk in a more objective manner.
• Select and apply common construction management tools to asses risk management using CPM and other tools (PERT/MSC).
• Apply a more systematic analysis to defining and treating risk to help decisions to proceed and aid in managing the work as it moves through the various phases of design and construction.
• Construct a more definite categorization of risk using a risk registry to identify and quantify the risks in a project.
• Apply methods involving financial benefit analysis, contract clauses, insurance and other instruments for development and construction activities.
• Develop plans to aid in minimizing losses and enhancing profitability.

Effective as of Fall 2011