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Risk Management
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Risk Management
Knowledge Area Definition
The identification, assessment, and prioritization of risks followed by coordinated application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. The strategies to manage threats (uncertainties with negative consequences) typically include transferring the threat to another party, avoiding the threat, reducing the negative effect or probability of the threat, or even accepting some or all of the potential or actual consequences of a particular threat.
Value Proposition
CII has studied risk management and the risk management process since its founding in 1983. During this time, a number of the Institute’s research investigations have shown the value of establishing risk management programs; the research has also isolated key components of the risk management process. This knowledge area collects the knowledge learned about risk management in the past three decades at CII, including that of seven research teams, presenting the practical and proactive processes necessary to improve risk management in any organization. An excellent place to start any research in this area is Special Publication 181-3,
Adding Value through a Practical and Proactive Project Risk Management Process
. This publications covers five of the seven research teams in this knowledge area, providing an excellent resource to jump start your exploration of this area.
Topic Summaries
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Disputes Prevention & Resolution
Project Risk Management
Equitable Risk Allocation
Risk Management Basics and Insurance
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Date
Title
Team ID
Best Practices for Preventing Out-of-sequence Construction Activities and Minimizing their Impacts
RT-334
2015 - 2017
Publications: 2
Presentations: 1
Tools: 1
KA: Risk Management
True Impact of Late Deliverables at the Construction Site
RT-300
2012 - 2014
Publications: 3
Presentations: 4
Tools: 1
KA: Risk Management
Probabilistic Risk Management in Design and Construction Projects (Best Practice)
RT-280
2010 - 2012
Publications: 4
Presentations: 3
Tools: 2
KA: Risk Management
Contracting to Appropriately Allocate Risk
RT-210
2004 - 2007
Publications: 4
Presentations: 5
Tools: 2
KA: Risk Management
Risk Analysis for International Projects (Best Practice)
RT-181
2001 - 2003
Publications: 6
Presentations: 2
Tools: 1
KA: Risk Management
Insurance
RT-019
1987 - 1993
Publications: 2
Presentations: 0
Tools: 0
KA: Risk Management
Disputes Prevention & Resolution (Best Practice)
RT-023
1987 - 1993
Publications: 5
Presentations: 2
Tools: 2
KA: Risk Management
Management of Project Risks and Uncertainties
RT-006f
1984 - 1988
Publications: 2
Presentations: 0
Tools: 0
KA: Risk Management
See Secondary Topics Summaries
PDRI for Mining Projects
RT-366
2019 - 2020
Publications: 1
Presentations: 1
Tools: 1
KA: Project Planning
Identifying and Evaluating the Impact of Regulations throughout the Project Life Cycle
RT-PUI-01
2017 - 2019
Publications: 2
Presentations: 1
Tools: 1
KA: Business and Project Processes
Assessing the Maturity and Accuracy of Front End Engineering Design to Support Phase-gate Approvals
RT-331
2015 - 2017
Publications: 3
Presentations: 1
Tools: 1
KA: Project Planning
Using Precursor Analysis to Prevent Low-Frequency High-Impact Events, Including Fatalities
RT-321
2014 - 2016
Publications: 3
Presentations: 2
Tools: 1
KA: Safety
PDRI Tool for Small Infrastructure Projects (Best Practice)
RT-314a
2015 - 2016
Publications: 3
Presentations: 2
Tools: 1
KA: Project Planning
Successful Delivery of Flash-track Projects
RT-311
2013 - 2015
Publications: 3
Presentations: 2
Tools: 1
KA: Design Planning & Optimization
PDRI Tool for Small Industrial Projects (Best Practice)
RT-314
2013 - 2015
Publications: 3
Presentations: 2
Tools: 1
KA: Project Planning
Mitigating Threats of Counterfeit Materials in the Capital Projects Industry
RT-307
2012 - 2014
Publications: 3
Presentations: 3
Tools: 1
KA: Quality Management
Reimbursable Contracts
RT-260
2008 - 2011
Publications: 3
Presentations: 2
Tools: 1
KA: Procurement & Contracts
Project Definition Rating Index Tool for Infrastructure Projects (Best Practice)
RT-268
2008 - 2010
Publications: 8
Presentations: 3
Tools: 1
KA: Project Planning
Real-time Pro-Active Safety in Construction
RT-269
2008 - 2010
Publications: 3
Presentations: 2
Tools: 1
KA: Safety
Front End Planning For Renovation/Revamp Projects (Best Practice)
RT-242
2006 - 2008
Publications: 6
Presentations: 2
Tools: 1
KA: Project Planning
Optimizing the Value of Construction in Front End Planning
RT-241
2006 - 2008
Publications: 5
Presentations: 1
Tools: 1
KA: Project Planning
Support for Pre-Project Planning (Best Practice)
RT-213
2004 - 2006
Publications: 7
Presentations: 6
Tools: 1
KA: Project Planning
PDRI for General Building Projects (Best Practice)
RT-155
1998 - 1999
Publications: 5
Presentations: 3
Tools: 1
KA: Project Planning
Pre-Project Planning (Best Practice)
RT-039
1991 - 1994
Publications: 5
Presentations: 0
Tools: 1
KA: Project Planning
Contracts (Archived)
RT-005
1984 - 1988
Publications: 11
Presentations: 0
Tools: 0
KA: Procurement & Contracts
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