PMDP 4: Risk Management - 02/05/20

Project Manager Development Program

The Project Manager Development Program (PMDP) for early-career project managers or those looking to move into such a role is a five-course program that covers the essentials of project management and provides a solid foundation for long-term career development. The curriculum is offered at many of AGC's chapters nationwide or can be brought in-house to construction firms and educational institutions in order to teach a new generation of project managers the essential skills to ensure project success.

Module 4:  Risk Management

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 Module 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