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To succeed and grow professionally as a project stakeholder in today’s construction industry, you must have an understanding of the risks inherent in construction projects and the differing objectives, responsibilities, and risk tolerances of each party. You also must know how these elements can affect project delivery, profitability, and the final product. This intensive course provides insight into how project managers can identify, evaluate, and mitigate the consequences of financial, operational, and managerial uncertainty with knowledge of the principles of risk management, contracts, cost management, insurance and bonding, and site safety management. In class, discuss how to integrate risk management and project management and how to assess, monitor, and mitigate risk. Additional topics covered include contractual, technical, business, environmental, regulatory, and communication risk; cost control methods and systems; standard construction contracts, forms, and clauses; change orders and claims; time and delay problems; liquidated damages; bonds and insurance; default; payment and mechanic’s liens; substantial completion and final completion; indemnification; dispute resolution; mediation, arbitration, and litigation; and site safety management.
http://www.sps.nyu.edu/content/scps...965