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Risk Assessment of Construction projects - Part 1
 
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Risk Assessment of Construction projects. Part -1 - Tutorial 17 Mr. Sawant wants his Quality Manual to be simple, fast and relevant. He has realised the importance of addressing Risk for improved construction Quality. In this video we have outlined 10 major Activities on a construction project. We have also categorised the areas in Major – Minor or Low Risk based on our experience. We have also presented - Risk Factors, Project Constrains Risk Mitigation activities. These are not comprehensive , But in this Tutorial we have presented a simplified approach. In any project, if you do not consider the Risk involved or a detailed study of Risk associated with key activities – your project may land in trouble. “Project Management” is a High Risk item. You need to consider carefully various Risk Factors depending on the project. If you are working on a Metro Project – the Risks involved will be different- compared to Multi-storied Bldgs. Or Bridges or Dams or a Road project. Construction Industry needs to learn to evaluate Risk Factors carefully & work on Mitigating the risks so that our projects do not suffer from : TIME Over runs Cost Overruns And with Defective Quality. And save our Nation Thousands of crores of Rupees in Revenue. Risk Assessment video is divided in Two parts – Part 1 consists of 5 Major Activities Part 2 consists of the balance 5 Activities.
What Is Risk Management In Projects?
 
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Watch this video to learn all about risk management in projects, as explained by a PMP. Try our Award-Winning PM Software for free: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatIsRiskManagementInProjects What is risk management? How is risk management in projects defined? What role does the Triple Constraint play in project management? These questions centered around risk management in projects are all answered in this brief video hosted by Director, Jennifer Whitt. Be sure to WATCH THE ENTIRE VIDEO and learn exactly what project risk management is, along with how and when to apply it. Learn about the Triple Constraint and how elements of risk can affect the scope, quality cost or time of a project. Jennifer also talks about the relationship between the project management plan and the risk management plan. What is entailed in the risk management plan? Basically, it's the (risk management) process or the determination of how to manage risk on the project. Risk management tools such as project management software, excel and templates are also a vital part of project risk management Plus, you'll learn about all the activities used to manage risk throughout the entire project. Want to know more? Watch this video on project risk management and then... Click the link below to CLAIM YOUR FREE 30 DAY TRIAL OF PROJECTMANAGER.COM https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatIsRiskManagementInProjects SUBSCRIBE to our YouTube Channel here: https://www.youtube.com/user/projectmanagervideos
Risk Management for Construction RiskMP
 
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This video talks about risk management for construction projects. How to identify, analyze, track and monitor project risks during a construction project, for project managers. Software for risk management is recommended. The software used in this video is RiskMP and is available online: https://riskmp.com/
Views: 6120 Anne Leroux
Managing Risk in the Construction Industry
 
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This webinar discusses the most common types of risk faced in the construction industry, the impact of risk in terms of claims and disputes, the most effective risk evaluation and mitigation practices, and increased collaboration is a fundamental strategy for reducing risk
17. Project Risk Analysis
 
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Risk Analysis can be complex, as you'll need to draw on detailed information such as project plans, financial data, security protocols, marketing forecasts, and ... PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
Project Risk Management: Plotting and Managing Risk In Projects
 
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Learn how to implement project risk management best practices from our expert at https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=ProjectRiskManagementPlottingandManagingRiskInProjects so that you can more effectively plot and manage risk factors in projects. Watch the video as ProjectManager.com Director Devin Deen takes you through the 4 steps to bring together your project management risk register. Find out why the most important first step is to get your risk list together. Many project managers simply email their project team members and ask them to send in things they think might go wrong in terms of risk to the project. Not so with Devin. He prefers to get his entire project team together, along with some of his client representatives on the project and do a risk identification session in terms of scope, time, cost and quality. Get Your Free 30 Day Trial of the world's leading project management software here: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=ProjectRiskManagementPlottingandManagingRiskInProjects TO SUBSCRIBE to our YouTube Channel here: https://www.youtube.com/user/projectmanagervideos To see another project risk management video, check out: "What Is Risk Management In Projects?" Simply click the link below: https://www.youtube.com/watch?v=x7A9idByPA4
Managing Construction Risk
 
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Forensic Architecture and engineering services center on the professional analysis of ‘what went wrong’ on partially built or completely built buildings, sites, and other construction environments. It uses the application of codes, practices, ethical responsibility, and standards of legal responsibilities to persuade juries and courts that the public welfare has been protected through adherence to professional performance standards. Liable parties include those involved in the design process, in the distribution and manufacture of building materials, and in the construction creating the built environment. It is critical to better prepare for the possibility of litigation in the future through this presentation of both historical and theoretical examinations of forensic building issues. In a 90 minute webinar held on February 21, 2017, Louis A. DiGeronimo, AIA and Suzanne DiGeronimo, FAIA FSAME of DiGeronimo Architects provided new insights into the context of design and construction conflicts; and insight on corrective actions used to mitigate harm. This interactive webinar allowed participants to ask questions and learn from these experienced professionals who hold between them some 90+ years’ experience in planning, architecture, construction contract administration, and interior design.
How to write a Risk Assessment
 
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How to write a Risk Assessment, what a Risk Assessment is and how to download your free Risk Assessment from HSEDocs.com http://www.HSEDocs.com
Views: 156480 Simon Bennett
Project Management - Risk Analysis
 
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Rene Derks talks about Risk Analysis, Communication Plans and Acceptance Criteria
Views: 667 NHTV IGAD
Risk analysis in a renovation project
 
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Assingment for planning and management of our project of renovation inside the 5th semester of Architectural Technology and Construction Management
Views: 337 Beatriz Ariño
Risk Management and Safety in Construction
 
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Who takes responsibility for safety on your Construction Sites? Don't be complacent, the owner of the property needs to ensure that a plan is in place to reduce their exposure. In this video Dean Gavrilovic talks Risk Management for your construction sites. If you need advice on this critical issue, call Signature Project Management on 1300 652 197.
Monte Carlo Schedule Risk analysis. Part 1: Introduction to schedule risk analysis techniques
 
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Video shows how schedule risk analysis is performed in RiskyProject project risk management and risk analysis software. Monte Carlo simulations require inputs to perform the analysis: duration estimates and statistical distributions. In this video, we describe what a statistical distribution for schedules is and use a real life example to gather the distribution data and describe them using frequency histograms and cumulative probability plots. Finally, we use the data we generated from this real life example, to create a risk analysis model in the software and run a Monte Carlo simulation. For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com. About Intaver Institute. Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
Views: 27783 Intaver Institute Inc.
Construction Risk Managment
 
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Risk management of a construction site in the terms of cranes, forklifts, power tools, scaffolding, and PPE.
Views: 285 Gregory Murray
risk analysis and management in construction thesis
 
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Visit Our Website: https://goo.gl/bhW0on?21571
Basics of Portfolio Risk Management
 
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The basics of portfolio risk management is the art of attaining a specific investment goal without exposing yourself to certain risks and biases. Here, I introduce you to the basic steps of portfolio risk management. I hope that you’ll learn something new here, instead of the usual “invest in low-volatility, blue-chip stocks” http://damonverial.com/ One of the biggest risks of a portfolio is the hidden biases you were exposed to when you were building your portfolio. Here, I demonstrate a set of practical principles for basic risk management. I start with three main principles and then introduce practical methods that stem from these principles. First, we discuss diversifying across investments. Then, we talk about hedging (with stock options). Finally, we discuss diversifying across time, which is hardly ever mentioned in diversifying your portfolio. #portfolioriskmanagement
Views: 5459 Damon Verial
Successfully Managing Project Risks for Construction
 
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Successfully Managing Project Risks for Construction
Views: 1391 Encore Group
ASHE: Importance of the Construction Risk Assessment
 
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Steve Spaanbroek discusses the importance of conducting a construction risk assessment
Views: 389 ASHE AHA
Construction risk assessment
 
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This is a video hat helps people complete construction risk assessments
Views: 961 William Clive
Create a Risk Assessment Chart
 
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Check out my Blog: http://exceltraining101.blogspot.com This video covers how to create a colored (green-yellow-red) risk assessment chart. This is used in project management to compare risk to probability for various task or projects to help aid in decision making. Find the label creating macro at Microsoft http://support.microsoft.com/kb/213750 Feel free to provide a comment or share it with a friend! --------------------------------- #exceltips #exceltipsandtricks #exceltutorial #doughexcel #exceltips #exceltipsandtricks #exceltutorial #doughexcel
Views: 195644 Doug H
Qualitative Vs Quantitative Risk Analysis
 
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This video describes Risk Analysis Techniques - Qualitative and Quantitative. It also describes techniques to do Qualitative and Quantitative Risk Analysis along with developing rating scales. -~-~~-~~~-~~-~- Please watch: "Introduction to MS Paint" https://www.youtube.com/watch?v=fhIGiUWdkzY -~-~~-~~~-~~-~-
Views: 18771 Project Management
Risk Management
 
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risk management. a fun way to explain risk management especially in projects. visit www.kuwaitat.net
Views: 21700 alkbooks
Construction Project Management and Risk Assessment
 
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Construction Sphere brings a workshop towards the industry on "Construction Project and Risk Assessment" to caters and to highlight the various problems that need to be solved. Construction Project and Risk Management will help to highlight an integral component of any construction project and it is intensively discussed in the construction industry.
Views: 1117 Construction Sphere
Introduction to RiskyProject: Project Risk Management and Analysis Software
 
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Overview of basic features of RiskyProject RiskyProject Professional 5.0 Advanced Project Risk Management and Schedule Risk Analysis Software Project managers can use RiskyProject for planning, scheduling, quantitative and qualitative risk analysis, and performance measurement of projects with multiple risks and uncertainties. - Project risk management: - Project risk management: - Project risk management: - risk register - risk ranking - customizable risk matrix - risk response and mitigation plans - risk mitigation waterfall chart - Monte Carlo schedule risk analysis: - work as standalone and Microsoft Project Add-In - integrated with Primavera and other project management software - multiple statistical distributions - replacement for Risk+ - Comprehensive quantitative analysis and reporting - Tracking with risks and uncertainties RiskyProject Professional: http://www.intaver.com/riskyprojectprof.html RiskyProject Lite: http://www.intaver.com/riskyprojectlite.html Tutorials: http://www.intaver.com/index-tutorial4.html Workflow: http://www.intaver.com/index-workflow.html Free 30-Day Trial:http://www.intaver.com/index-downloads.html Articles and Whitepapers: http://www.intaver.com/index-whitepapers.html Presentations: http://www.intaver.com/riskyproject_presentations.html Buy online: http://www.intaver.com/buy-riskyproject.html Intaver Institute Inc. is a leading innovator in the field of project management software, offering our clients unique, cost effective software solutions to their project and portfolio management challenges. Intaver Institute was founded in 2002 by respected technology executives, mathematicians, economists, and computer scientists. We come from different industries and have different backgrounds. Our staff members were involved in engineering and construction, IT infrastructure and software development, electronic design and manufacturing, mining and other types of projects. We believe that advanced technology based on operational research can significantly contribute to project management. Intaver Institute Inc. develops commercial software, provides training and consulting services, and perform scientific research in the area of project decision and risk analysis. Software Development Intaver Institute Inc. is a vendor of project risk management software RiskyProject. RiskyProject is a desktop-based project risk management software. RiskyProject helps project managers to perform project scheduling, quantitative risk analysis, and project performance measurement. Since it was officially launched in October 2004, RiskyProject has become one of the leading tools for quantitative project risk analysis. Among our clients are NASA, Boeing, Research in Motion, Canadian Department of National Defense, Siemens, PriceWaterhouseCoopers, EDS, Hewlett Packard, ICBC, Mosaic, Electronic Arts, Los Alamos National Laboratory, SAS, Westinghouse, Rockwell, and many others. RiskyProject is used in many industries including information technology and software development, pharmaceutical, construction, manufacturing, mining, and aerospace. RiskyProject is also actively used in education and nonprofit organizations. In 2006 ,Intaver Institute established university relationship program where RiskyProject is distributed for the use in accredited educational programs. Scientific Research and Technological Innovations Intaver Institute Inc. heavily invests in scientific research in the area of project management. We are dedicated to advancing and adding to our patent pending Event Chain Methodology. This technology is the foundation of our project management software product RiskyProject. Our research interests include project decision making including: psychology of judgment and decision-making in project management, probabilistic methods, visualization, and other related areas. Intaver Institute's staff publishes articles and scientific papers, gives presentation in conferences and symposiums, including events sponsored by Project Management Institute (PMI®). Our first book of project decision analysis will be published 2007 by Management Concepts. Training and Consulting Services Many our clients have established project management workflow and would like to customize our solution to meet their challenges. Intaver Institute Inc. performs software customization, training and risk management consulting for many companies. Intaver Institute offers customized training courses for project risk management and decision analysis. We teach our clients simple, but powerful techniques to identify and manage project risks and uncertainties and to mitigate the negative effect of psychological heuristics and biases in project management. Who we are? We are privately held company and headquartered in Calgary, Alberta, Canada and Berkeley, California, USA. All Intaver Institute's software is done in North America. Our core software development team is located in our Calgary headquarters. ::
Views: 4612 michaeltrumper
PMP®  | EMV & Decision Tree Analysis| Project Risk Management | Lesson 11 | Part 6
 
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Stuck with PMP? Enroll in our PMP Online Training and Get PMP in 45 Days with PMBOK5 http://goo.gl/l2aQOq Be a part of the latest discussions on PMP Training and PMP Exam http://goo.gl/91L1cw We have once again brought you an interesting topic. An Example of Decision Tree given in PMBOK 5 is discussed in detail explaining how Decision Tree and EMV for each decision path are calculated. We have to identify whether we want to build a plan or upgrade it. Most of the professionals find this decision tree analysis diagram very confusing. Let us know how you find the video presentation. Are all your queries sorted out? If not, then do drop us a comment in the following thread. We will respond with an immediate effect.
Risk Management and Portfolio Construction
 
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To learn more about Quantopian, visit www.quantopian.com. To enter into our daily contest visit https://www.quantopian.com/contest. In our most recent video, “Risk Management and Portfolio Construction” Quantopian data scientist Max Margenot goes over the different ways in which you can use risk management to help understand your portfolio. Max reviews the process of creating a risk factor model, what to look for when creating a risk factor, and what our risk model has to offer. He also reviews the risk factor constraints in our daily contest. Learn more by subscribing to our Quantopian Channel to access all of our videos. As always, if there are any topics you would like us to focus on for future videos, please send us a quick note at [email protected] Disclaimer Quantopian provides this presentation to help people write trading algorithms - it is not intended to provide investment advice. More specifically, the material is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory or other services by Quantopian. In addition, the content neither constitutes investment advice nor offers any opinion with respect to the suitability of any security or any specific investment. Quantopian makes no guarantees as to accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.
Views: 1103 Quantopian
Intro to Monte Carlo Simulation for Project Schedule Risk Analysis using @RISK - Webcast
 
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This webcast is designed to provide an entry-level introduction into probabilistic analysis and will show how Monte Carlo simulation and other techniques can be applied to your project schedule risk analysis.
Views: 16238 PalisadeCorp
16. Project Risk Identification
 
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Project Risk identification is the most important process in the Risk Management Planning. Risk Identification determines which risks might affect the project and documents their characteristics. PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
How Monte Carlo Works
 
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The video show basic concepts behind Monte Carlo project schedule risk analysis. Based on example of very simple project schedule this video demonstrates Monte Carlo sampling process. The video also shows basics steps of Monte Carlo simulation for the precedence network. The results of a Monte Carlo schedule risk analysis can be thought of as a risk adjusted project schedule. Risk adjusted project schedules can be created using mean duration, start and finish time, or a particular percentile of statistical distributions for start, finish time, and duration. It is very convenient to show a risk adjusted project schedule alongside the original deterministic (no uncertainties) project schedule. Both schedules can be shown on a single Gantt chart. Monte Carlo offers a universal method to analyze your schedule. It does not matter what combination of tasks you have and what distributions they have, Monte Carlo will be able to calculate an accurate, if probabilistic, answer. About Intaver Institute: Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise. http://www.intaver.com/
Views: 29927 Intaver Institute Inc.
Lesson 6 video 1: Risk, Uncertainty and Sensitivity Analysis
 
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In this and next videos I will explain how to incorporate risk and uncertainty in the economic evaluation of projects for the purpose of investment. I will explain how you can apply the sensitivity analysis techniques to evaluate the projects in this case. There are several quantitative methods for incorporating risk and uncertainty. I will explain two of these methods: 1) Sensitivity analysis or probabilistic sensitivity analysis 2)Expected value or expected net present value
Views: 7047 F. Tayari
Construction Risk Analysis - Team ALOW Project@NYU
 
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A risk management plan will be to help the project manager prepare risks, estimate impacts, and define responses to issues. Team ALOW’s project is to reconstruct a retaining wall in the Bronx of New York. We will evaluate and look at all types of risks associated with this project and evaluate if they need to be avoided, controlled, accepted, or transferred. The project duration is roughly two years and costs around five and half million dollars. By foreseeing all types of risks and evaluating them early on, we will be able to avoid major delays to the project's schedule and impact to the budget. Also, developing an effective risk management plan will help keep less serious issues from developing into emergencies. Having a plan will us to to deal with adverse situations when they arise and, hopefully, avoid them before they can affect the project in a serious way. Risks can cause serious complications to a project's budget and schedule and we want to avoid them from seriously affecting the project at all cost.
Views: 182 Rajesh Alapati
Introduction to risk analysis using @RISK (Cost Estimation & Risk Register focus) - Webcast
 
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This event is designed to provide an entry-level introduction into probabilistic analysis and will show how simple it is to add Monte Carlo simulation and other techniques into your cost estimating and risk register models.
Views: 15674 PalisadeCorp
Hazard, Risk & Safety - Understanding Risk Assessment, Management and Perception
 
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(subtitles available in English, French, Dutch, Spanish, Chinese and Russian, German, and a French version is available here: https://youtu.be/wRmfvFYDNr8) Hazard, Risk & Safety Danger, risques et sécurité Gevaar, risico's en veiligheid Peligro, riesgo y seguridad Опасность, риск и безопасность Gefahr, Risiko und Sicherheit We all hear these terms on a daily basis. So and so a chemical, physical or a biological agent poses a risk; This or that product is a hazard or behaving a certain way is unsafe. A lot of the time “hazard” and “risk” are freely used to mean the same thing. However they are not. Hazard is the potential to cause harm. Risk on the other hand is the likelihood of harm in defined circumstances. In a nutshell, hazard and risk are not always aligned as the risk depends on the exposure to the hazard ; similarly, risk, safety and perception of risk are not always aligned; this can make political decisions regarding safety levels difficult to make, in these cases it is especially important to base them on facts rather than on subjective perceptions. http://www.greenfacts.org
Views: 353698 GreenFacts.org
Introduction to Risk Management
 
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Get this $35 Udemy online course at a very special discount!!! Introduction to Risk Management - http://www.qualitygurus.com/link/risk-50-off/ http://www.qualitygurus.com/udemy-courses/ Get you best deals on Quality Management courses. +++++++++++++++++++++++++++++++++++++++++++
Views: 358366 QualityGurus
Risk Assessment of Construction Projects – Part 2
 
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Risk Assessment of Construction Projects – Part 2. Tutorial 17 In this tutorial, We have included more case studies for Risk Assessment. You can move the tables of “Risk factors”, “Project constraints” & “Risk Mitigation activities” to find out which factors are applicable. In the example of “Crane” the Risk factors may be “not enough rest to crane operators” or “they may require special training” or “the operator might have consumed alcohol”. In project constraints there might be “number of cranes working at a time” so that the risk of not giving enough rest to the operators is not considered. The risk mitigation activities may involve:- 1. Giving adequate rest to crane operators. 2. Providing training and so on. Similarly for other case studies you can work out risk mitigation activities. The case studies and risk factors etc presented here are not comprehensive. This tutorial is a simplified approach, however you need to consider risks involved in a construction project and carryout a “detailed study of risks” associated with “key activities”. Your project may land in trouble if you have skipped considering risk of any major activity. Construction Industry is full of “high risk activities”. We need to learn to evaluate risk factors carefully and work on mitigating the risks, So that our projects progress smoothly. In this way we will be able to “Save Time” “Save Cost” “Save Life” “Achieve Defect Free Construction” on our Construction projects.
Assessment of Risk & its impact in construction project using management tools
 
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Anna University Final Year Project ( 2009 - 2013 ) by Hari Krishnan, Loganathan, Balachander
Module 4: Risk Identification & Allocation
 
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The fourth module presents the main types of risk in a PPP project and gives some guidelines in terms of risk allocation. The key questions addressed in this module are: What are the risks to consider, and how are these risks best allocated among partners?
Views: 10875 United Nations ESCAP
Risks in High Profile and Technical Construction Projects
 
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Mark Penny, Senior Vice President at Manhattan Construction, shares his thoughts on Risks in High Profile and Technical Construction Projects with the attendees of the Annual Project Management Symposium at the Jindal School of Management.
Risk and How to use a Risk Matrix
 
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In this video we will take a look at what risk is and how to use a simple risk matrix. This video was created by Ranil Appuhamy Voiceover - James Clark -------------------------------------------------------------------------------------------------------- Disclaimer: These videos are provided for educational purposes only. Users should not rely solely on the information contained within these videos and is not intended to be a substitute for advice from other relevant sources. The author/s do not warrant or represent that the information contained in the videos are accurate, current or complete and do not accept any legal liability or responsibility for any loss, damages, costs or expenses incurred by the use of, or reliance on, or interpretation of, the information contained in the videos.
Using a risk assessment matrix
 
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20 minute video showing how I believe a matrix should be used as a tool to support the risk assessment process. I am very interested in your comments, and willing to adapt the presentation if necessary
Views: 51331 Andy Brazier
Risk Assessment Basics
 
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Worked example on how to write a risk assessment.
Views: 91413 Fox Robinson
Risk Management for Construction Project Managers
 
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Risk management is a critical component for project managers of any kind. For example, by assessing this strategy, construction managers are able to pinpoint their strengths and weaknesses and prevent problems in the future. With that, there are some tools for success that reduce Construction Management Risk. Planning Risk management plans often include the identified risks, probability of occurrence, potential impact and proposed actions, says Small Business Chronicle. As certain risk factors increase budgets and delay project completion, some are more likely to increase in cost. Preparation Team members, management, and sponsors should have open and honest communication regarding the project in order to ensure a smooth job. This allows for expectations to be set and carried out without adversely affecting those who provided funding for the project. Further, if construction managers are prepared for any mishaps, risks and issues can be handled more efficiently. Results Evaluate the project and how it compares to the projected budget and expectations set forth. Identify whether or not the objectives are met and completed in a timely manner. In turn, profits will be maximized without spending too much time or effort on investment that don’t provide adequate returns. Evaluation Once the results have been analyzed, determine which practices proved to be beneficial and efficient during the project and which ones need modifying. Capitalize from strengths and reduce the impact of risk by implementing best practices. At Huntersure, we specialize in offering coverages to construction managers. Our policies are specifically designed to protect the professionals I this industry at competitive rates. For more information, contact our experts today at (855) 585-6255. http://www.huntersure.com/risk-management-construction-managers/
Views: 521 Huntersure LLC
Monte Carlo simulation of cost risk
 
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This illustrates how a cost risk model can be built in Excel and evaluated using Monte Carlo simulation with the @Risk add-in.
Views: 6829 Stephen Grey
Ep. 98: Risk Assessment Matrix | How to calculate flight risk
 
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In this video we'll cover how to estimate the risk associated with different factors affecting your flight and just exactly how great those factors are. #fly8ma Your Support Makes our Videos possible! Thank You! Support us at: https://www.patreon.com/fly8ma Check out our site at http://www.fly8MA.com The FLY8MA.com Free Online Ground School for Sport and Private Pilots is available to everyone as a means to make flying more affordable and increase learning for everyone. We are funded with the help of our viewers and subscribers to our website: http://www.fly8ma.com and our Patreon page: https://www.patreon.com/fly8ma Every dollar helps us to grow our project into a comprehensive online ground school for Sport, Private, Instrument, and Commercial Pilots. We greatly appreciate all of your support and hope you will share us with your friends and family in aviation. FLY SAFE! -Jon
project risk management building and construction
 
15:43
This course has been designed for business owners and anyone involved in project management, and will be of particular interest to Estimators, Builders, Engineers, Construction and Project Managers, Project Coordinators and Site and Works Managers or those intending to be involved in the area of controlling costs, quality or any other risks on projects. It is the introductory course to the ASQA Unit of Competency Manage Project Risk BSBPMG508A - which is part of the Diploma of Project Management BSB51413. Contact us at Exner Education if you are interesting in the Unit of Competency or full Diploma Course. Please note that this course is priced in US dollars. Who is the target audience? Business owners, site managers, construction managers, project managers, risk managers, foreman, contract managers, quality managers

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