No matter the size or complexity, all projects in the built environment carry a certain amount of risk. So, effective risk management is key to their success. This course is one of four foundational courses required for the PMI Construction Professional (PMI-CP)™ certification. In collaboration with leading construction organizations, PMI developed the PMI-CP™ certification to equip professionals with skills to transform the global construction industry and manage large, complex projects.
What you’ll learn
Master contract and risk management skills: identify key clauses in built environment contracts, reduce claims with an effective risk management framework, and use the Integrated Project Risk Assessment (IPRA) tool for improved built projects.
- Section 1: Introduction to Contract and Risk Management Course
- Section 2: Contract Lifecycle
- Section 3: Contract and Delivery Method Strategies
- Section 4: Risk Classification and Prioritization in Built Environment Projects
- Section 5: Risk Management Framework and Process
- Section 6: Risk Management Tools and Techniques
- Section 7: Common Causes of Claims
- Section 7: Methods to Prevent and Reduce Claims and Disputes
- Section 9: Claims Pursuance and Dispute Resolution Process
To complete the Construction Contract and Risk Management course, follow these steps:
- Visit the PMI Shop to purchase and complete the Construction Contract and Risk Management Course. Estimated time to complete: 6 to 12 hours.
- Test your knowledge to finalize your study of the material.
Upon completion, you will earn 5 PDUs and a certificate of completion.
Check your knowledge
1. Review Core Concepts.
Begin by revisiting key topics related to communication in construction projects.
Pay attention, before taking the test, you should know and understand:
- contract life-cycle stages and the key activities that need to be covered;
- important clauses in built environment contracts;
- different delivery method and contract structures;
- types of risk classification;
- risk management process;
- risk management tools and techniques;
- root cause and types of claims;
- difference between change orders and contractual claims;
- methods to prevent and reduce claims and disputes.
2. Complete the Test.
Answer all questions to the best of your ability, applying the knowledge you’ve gained so far. Take your time to analyze scenarios and choose the most appropriate responses.
You can find the test in the gray box to the right of this text.
3. Review Your Results.
Once the test is complete, carefully review your results. Focus on understanding why certain answers were correct or incorrect to deepen your learning.
4. Share results with your Mentor.
Together with your Mentor identify Areas for Improvement. Reflect on any gaps revealed by the test.
Help Your Colleagues Become PMI-CP!
Share any books, videos, articles, or tutorials that provide better ways to learn Construction Contract and Risk Management in the comments below.