3 credits
Spring 2025 Lecture Upper Division
Analysis of the depth and breadth of risk in construction. Defining key terms and concepts used in various risk management arenas - legal statutes, precedent and case studies relevant to construction risk management, insurance, and surety bonding. Subjects include: contracts, torts, insurance, surety, safety laws, quality, and risk management models. Analysis of case studies to utilize risk management tools and identify issues and possible approaches. Project risk control including management of foreseeable hazards as well as unforeseen conditions.
Learning Outcomes1Overview of risk fundamentals - and how liability drives outcomes.
2Understand the relationships between insurance, sureties, contractual risk transfer and risk financing.
3Understand how safety covers direct employees, other parties, and member of the public.
4Understand the role of incident investigation, and management of claims of various types.
5Understand quality and how to deliver acceptable project results.
6Understand the value of Business Continuity Planning and other Crisis Management methods and tools.
7Understand the value of corporate compliance programs for satisfaction of regulatory and other legal requirements.
8Understand standards of care, and their evolutionary nature, compelling "compliance as you go."
9Ability to critically evaluate existing risk management approaches, and apply risk management models to promote successful project outcomes.
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made by Purdue students.