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Project Manager Development Program – Module 4: Risk Management
May 8 @ 7:30 am - May 9 @ 4:30 pm
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This is a 2-day module meeting on May 8 & 9.
The Project Manager Development Program (PMDP) for early-career project managers or those looking to move into such a role, is a five-module program that covers the essentials of project management and provides a solid foundation for long-term career development.
The curriculum for this course comes from the Associated General Contractors of America and a certificate of completion from the AGC will be given to all students completing all five modules. The program is offered annually by the ABA in order to teach a new generation of project managers the essential skills to ensure project success.
PMDP participants are likely to have various titles depending on the kind of work they perform, the geographical location of their projects, and the size of their company. They may have titles such as assistant project manager, project manager, field engineer, project engineer, project administrator, etc. They may have experience as estimators, field personnel, project assistants, or office managers, and they may work in the heavy and highway sector, the commercial building sector, or in residential construction. They will most likely be early in their careers, have some post-high-school education, and less than two years of project-related experience.
The five-course program includes the following and takes 80-hours to complete.
- Module 1: Estimating and Job Costing-Jan. 16 & 17, 2019
- Module 2: Contract Administration – Feb. 13 & 14, 2019
- Module 3: Project Administration – April 10 & 11, 2019
- Module 4: Risk Management – May 8 & 9, 2019
- Module 5: Leadership – June 12 & 13, 2019
PMDP is a nationally recognized training standard. Individuals who complete all five PMDP courses will receive an AGC Project Manager Development Program Certificate of Completion.
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