Unit 4: Executing
This course will help early-career project managers gain insight into the types and sources of risk, techniques for managing risk, the basics of insurance and bonding and how quality control/quality assurance plans help mitigate performance risk.
Following successful completion of Unit 4, participants will have the ability to:
- Explain how risk changes over the different phases of a project
- Discuss the types and sources of risk in the construction phase of a project
- Identify techniques for managing risk, specifically risks that are the contractor’s primary responsibility
- Describe how the scope and nature of risk management may vary based on project contracting method
- Identify the importance of warranty periods and liability tails
- Discuss the basics of insurance and bonding
- Explain the importance of documentation in controlling risk
- Describe how quality control/quality assurance plans help mitigate performance risk
- Identify the risks created through drug use, sexual harassment, and discrimination
- Explain how risk and profit are related
- Describe how different parties view risk on a project