Video

  • 27 minutes

Construction Projects - Anticipate Bad, Know Your Enemy and Manage the Risk

 
When you start to plan a construction project you think about the overall success of the project, however it is also important to consider what could go wrong. In this video, Scott Lowe explains the need to evaluate what to be prepared for and what to plan for. He discusses risk analysis and explains that while it is not possible to predict every incident that could happen it’s important to the project to weigh the odds that something could go wrong. After you have determined that, you will need to decide what the consequences are if an incident does occur and decide how you address that risk during the planning process. Mr. Lowe shares some of the risks that he has dealt with for a few of his clients, including technical, external, environmental, organizational, project management and constructions risks. He also reviews four basic ways to manage risk: acceptance, mitigation, avoidance/reduction and transference.

Scott Lowe, P.E. is a principal with Trauner Consulting Services, Inc., with more than 30 years of experience in the engineering and construction industry. He is an expert in critical path method scheduling, construction claim preparation and evaluation, dispute resolution, development specification, contract administration, and cost analysis.
Runtime: 26 minutes

Faculty

Scott Lowe, P.E.

Scott Lowe, P.E.

Trauner Consulting Services, Inc.

Agenda

Faculty

Scott Lowe, P.E.

Scott Lowe, P.E.

Trauner Consulting Services, Inc.

  • Principal with Trauner Consulting Services, Inc.
  • Expert in critical path method scheduling, construction claim preparation and evaluation, dispute resolution, development specification, contract administration, and cost analysis
  • Recognized as a national expert regarding specifications, and procurement and contracting methods for the construction industry, particularly in the areas of innovative delivery, procurement, and contracting methods
  • More than 30 years of experience in the engineering and construction industry
  • Served as a lecturer and presenter at national industry conferences and workshops on these topics
  • Has facilitated meetings and workshops to discuss and implement changes in contracting policies and procedures to manage risk and improve performance
  • Past chairman of the Construction Management Association of America’s time management committee which developed CMAA’s Standard of Practice and Procedures for Time Management
  • Co-wrote the books, Construction on Contaminated Sites and Construction Delays: Understanding Them Clearly, Analyzing Them Correctly
  • Registered professional engineer in more than 10 states
  • Graduate, Northwestern University
  • Can be contacted at [email protected]

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