Project Construction

Management
EPM5760

Construction Project
Risk Management

Unit: EPM5760 Project Construction Management

Prepared by: Trever Alex – Dr Amir Ghapanchi
Course Coordinator: Dr Amir Ghapanchi
 Risk Management

• Identify and assess risks, plan responses,

and control risk to increase the likelihood
and impact of positive events and
decrease the likelihood and impact of
negative events on the project
• Includes the processes concerned with
conducting risk management planning,
identification, analysis, responses, and
monitoring/ control on a project.
• Increases the probability and impact of
positive events and decreases the
probability and impact of events adverse
to the project.

Prepared by Trever Alex

Risk Management
• Risk identification :
• Determining which risks are likely to affect the project and
documenting the characteristics of each.
• Risk Analysis:
• Evaluating the risks and interactions to assess the range of
possible project outcomes.
• Risk Response Development:
• Defining enhancement steps for opportunities and
responses to threats.
• Risk response Control:
• Responding to changes in risk over the course of the project.

Prepared by Trever Alex

Risk Rating Matrix

Prepared by Trever Alex

 Risk Breakdown Structure

PMBOK 6 Guide (2017),

Page 406

5
Example of Definitions for
Probability and Impacts

PMBOK 6 Guide (2017), Page 407 6

Example Probability and Impact
Matrix with Scoring Scheme

PMBOK 6 Guide (2017), Page 408

7
Risk Register

PMBOK 6 Guide (2017), Page 417 8

Example of Generic Categorization
by Sources of Risks

Construction Extension to the PMBOK Guide (2016), Pages 105

Project Risk Management in
Construction

Construction Extension to the PMBOK Guide (2016), Page 99

Strategies for Negative Risks or Threats

Construction Extension to the PMBOK Guide (2016), Page 108

Types of Insurance Used in
Construction Projects

Construction Extension to the PMBOK Guide (2016), Page 109

Questions?