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All 5 tasks freeIntermediate

Risk management on Ashbrook: register, EMV and contingency

Run the Contractor's risk register for Ashbrook in ISO 31000 terms: allocate risks by owner under NEC4, score likelihood and consequence on a 5 x 5 scheme, quantify EMV, test the contingency against the tender's risk allowance, update it at month 6 and decide whether a treatment pays.

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  • United Kingdom · English
  • 5 tasks
  • 2.5 h of study
  • Certificate of completion
Workspace: Risk management on Ashbrook: register, EMV and contingency
Register and score the risks

Who this course is for

Contractor's commercial manager — Invented character and company, drawn for this case
Your role in the caseContractor's commercial manager
Ashbrook contractor — Invented character and company, drawn for this case
The company in the caseAshbrook contractorMain contractor

Invented character and company, drawn for this case

What you will do

Task steps: Risk management on Ashbrook: register, EMV and contingency
Score the Contractor's risks
Check result: Risk management on Ashbrook: register, EMV and contingency
Check the register count

You will be able to

  • Build a risk register to ISO 31000 principles
  • Quantify a risk allowance from probability and impact

Skills checked

  • Allocate risks by owner under NEC4
  • Score likelihood and consequence on a 5 x 5 scheme
  • Quantify EMV
  • Test contingency against the tender risk allowance
  • Update the register for closed and occurred risks
  • Decide a risk treatment on net benefit

Tasks

Contractor's commercial manager — Invented character and company, drawn for this case
A day on this course
  1. 1Register and score the Contractor's risksRisk register
  2. 2Expected monetary valueRisk register
  3. 3Contingency against the tender's risk allowanceRisk register
  4. 4Month 6 review: closed and occurred risksRisk register
  5. 5Is the R05 treatment worth it?Risk register

Certificate

Awarded when all 5 tasks pass the numbers, trace and explain checks.

2.5 h of study

Certificates →

Sample layout. Your certificate shows your name, the course version, the date and a verification ID.

Files you work with

Created in your OpenConstructionERP workspace the moment you enrol.

  • project
  • parties4 records

Before you start

Recommended first:

Questions

How long does the course take?

5 tasks · 2.5 h of study

Is it free?

All 5 tasks free

Do I get a certificate?

Awarded when all 5 tasks pass the numbers, trace and explain checks.

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Questions about this course? Write to info@datadrivenconstruction.io

Start free: task 1 of 5All 5 tasks free · 2.5 h of study

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