MIT1_040s09_lec23

MIT1_040s09_lec23 - MIT OpenCourseWare http:/ocw.mit.edu...

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MIT OpenCourseWare http://ocw.mit.edu 1.040 Project Management Spring 2009 For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms .
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Presentation by: Professor Fred Moavenzadeh
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Managing Construction Risk 1. An Integrated Approach 2. Identifying Project Risks 3. Allocation of Risk 4. Economical Solutions to Risk
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Key Point #1 A Method for Managing Construction Project Risks
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Integrated Project Risk Management Risk Financing Self Funded Owner Control Incentive Bonus Loss Prevention Risk Identification Contract Formation Scheduling Dispute Resolution On-Site Resolution Mediation/Arbitration Contractual
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Integrated Project Risk Management – Builders’ Risk Risk Financing Owner Buys? Cont. Buys? Build Risk? Delay of Opening Force Majeure Loss Prevention Risk ID Contract Wording Site Security Disaster Planning Dispute Resolution Allocation of Deductible How Does Claim Get Resolved?
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Key Point #2 Identifying Project Risks
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Risk Identification y Project Type & Site y Project Participants y Project Delivery Method y Budget & Financing y Scheduling y Legal y Political
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CM or PM Owner Contractor A/E Sub Sub Sub Owner At Risk CM or PM A/E Sub Sub Sub Owner Contractor
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This note was uploaded on 11/29/2011 for the course CIVIL 1.018j taught by Professor Markusbuehler during the Fall '08 term at MIT.

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MIT1_040s09_lec23 - MIT OpenCourseWare http:/ocw.mit.edu...

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