Risk Management in Construction & Infrastructure

Statistics in Israel and around the world show that almost every complex project, let alone a mega project, does not meet deadlines and exceeds the original budget.
Research* indicates budget overruns in about 90% of mega projects. In a rough estimate, according to research** findings in the field, the average budget deviation for building projects is at least 15%, when for infrastructure projects, the deviation is even higher. It is possible and necessary to reduce the severity and probability of some of the risks.

The role of decision-makers is to manage risks with the understanding that it is impossible to reach a state of “zero risk.” Proper management and decision-making based on risk management enable the construction of projects on time, within budget, and of the desired quality. In addition, infrastructure and construction projects require unique thinking and separate professionalism to make strategic decisions and choose the best alternatives to achieve specific goals. This unique course, in collaboration with Sohlberg Consulting and CivilEng, is designed to assist participants in formulating courses of action and dealing with risks in infrastructure and construction.

* Research carried out at the University of Aalborg in Denmark
** From “Basic Causes of Budget Overruns of Construction Projects”, Israel National Institute for Building Research
Create a platform for networking, peer learning as well as exchange and knowledge sharing
Expand knowledge and expertise in risk management in the field of infrastructure and construction
Risk analysis and implementation of the various models and specializations in the field
Identify risks, throughout all stages of the project, while distinguishing between types of projects
Analyze strategic decision-making processes and choose the right alternatives to achieve goals
Obtain a risk management toolbox in an infrastructure and construction project

Target audience

Project managers, planners, senior managers in the government sector and national and municipal infrastructure and construction companies, deputy directors, division managers, managers of infrastructure development and construction departments, city engineers, procurement managers and project managers in the fields of construction and infrastructure in local authorities, economic companies, representatives of local planning and building committees, planning and execution bodies in the authorities, and more

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