Learn to identify common construction project risks and how to respond to proactively address them.
Construction projects are defined by three critical elements, the work or scope of what is to be built, the timeframe or schedule in which to build it, and resources or budget needed to pay for it. All three of these contain elements of risk that are unique to construction projects. Many of these risks are inherent in the construction environment that is characterized by VUCA (volatile, uncertain, complex, and ambiguous) effects and compounded by the large number of suppliers and subcontractors involved in most construction projects. This presentation will present ten construction project risks. It will identify the elements of the risks, discuss the risk analysis based on likelihood and impact, then discuss risk response options. While it is unlikely that one construction project will be plagued with all ten risks, most projects must address at least half the risk items. Of course, not addressing the risks proactively does not make it go away, it just means that the reactive response will likely be higher cost, longer delay, and jeopardizes the quality of the work.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Project Risk
VUCA
Project Risk Management
Ten Construction Project Risk and Response
Poor Project Management
Scope Creep/Change Management
Documents and Permits
Financial, Cash Flow
Schedules and Delays
Workforce Management Challenges
Health and Safety Problems
Supplier/Subcontractor Performance
Environmental and Community Risks
Contracts and Legal Issues
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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OnDemand Course
This course was last revised on November 12, 2025.
Call 1-866-352-9540 for further credit information.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
- NH MCLE 1.0
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 63 Minutes.
- NJ CLE 1.3
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hours of total CLE credit.
- PA CLE 1.0
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WV MCLE 1.3
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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- Arizona CLE 1.0
- CA MCLE 1.0
- CT CLE 1.0
- HI CLE 1.0
- VT CLE 1.0
- WA CLE 1.0
- WV MCLE 1.3
- WY CLE 1.0
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Raymond Sheen
Product and Process Innovation, Inc.
- President of Product and Process Innovation, Inc.
- Practice focuses on the successful implementation of new technologies for an organization, this includes technical performance, the effectiveness of the implementation, and the organizational response to the technology change, recently, most of the work has been training and consulting with respect to digital transformation
- Certified as Project Management Professional (PMP) and as a Scrum Master, he has been teaching these topics for over 20 years through organization such as Worcester Polytechnic Institute, Clemson University, and the China Institute for Innovation, in addition, he has provided training and consulting in this field directly to Fortune 100 clients on three continents
- Author of the books, HBR’s Building Your Business Case and De-mystifying Earned Value Analysis. Co-author to HBR’s Guide to Project Management, has written several articles related to this topic, one of which is the blog article: https://ray-sheen.blogspot.com/2015/09/ten-steps-for-project-estimating.html
- Member of Project Management Institute (PMI) and the Institute of Electrical and Electronic Engineers (IEEE), also selected as a Fellow at the Institute for Digital Transformation
- M.S. Degree in astronautical engineering, Massachusetts Institute of Technology; B.S. Degree in mechanical engineering, U.S. Air Force Academy; graduate certificate in digital transformation strategy, Boston University
- Can be contacted at 1-864-430-1880 or [email protected]
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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