Every residential construction project comes with risks; whether it’s unexpected weather, budget overruns, material delays, or design changes. While risk can’t be eliminated, it can be managed. This interactive online course helps builders, contractors, and project managers understand how to recognize, assess, and respond to risk effectively in residential construction settings.
Participants will explore how risk is measured and what factors influence good decision-making when outcomes are uncertain. The course walks through each phase of the risk management process: identifying potential risks, analyzing their impact, planning appropriate responses, and implementing strategies to mitigate and control those risks. With real-world examples and practical tools, this course will help you feel more confident navigating the challenges that come with building homes.
At the end of this course, participants will be able to:
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Define project risk and explain how probability and consequence influence risk in construction.
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Identify common risks that occur in homebuilding projects and their potential impact on timelines, budgets, and safety.
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Apply the four phases of risk management: Identification, Analysis, Response, and Mitigation/Control.
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Use decision-making strategies to evaluate uncertain outcomes and choose the best course of action.
- Develop a simple risk management plan for your construction projects.