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

Instructor’s Guide: Item No. 7103

Participant’s Manual: Item No. 71031

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