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Construction Risk Management
26 January - 27 January 2004
Construction Risk Management
Following extensive talks with leading industry players, SAE Media Group has identified the need to provide a forum where critical issues and opportunities in construction risk management are addressed.

The Aims & Objectives of the Conference

Risk is a natural part of any business enterprise, however, the construction industry faces more than its fair share of risk factors. The list of risks is virtually endless and so is the list of risk management strategies that construction owners often deploy - reactively for the most part - during their projects.

This two-day conference will focus on the key issues and latest topics regarding risk management in the construction industry with the help of speakers with years of experience in decision making within high-risk environments.

Benefits of Attending
  • Learn about the methods of risk identification, their importance, and their benefits
  • Acquire knowledge about major construction risks from industry experts
  • Understand how insurance fits into the risk management process
  • Optimise your ability to protect against risk
  • Realise the financial benefits of successful risk management
  • Meet and network with leading industry players and raise the profile of your company

A unique opportunity to learn from leading industry experts including:

Trevor Preston, Head of Risk Management, AMEC
Henry Outfin, Legal and Risk Manager, Ballast
John Holland, Head of Consultancy Services, Lend Lease
Edward Woods, Director of Health, Safety and the Environment, George Wimpey
Struan Robertson, Group Chief Executive, Wates Group
Mike Stott, Safety Manager, Laing O'Rourke
Jeremy Hodge, Director of Research, BRE
Colin Ashford, Principle Consultant, BRE
Graham Lowe, Head of Legal Services, Tube Lines
Barry Drewett, Highways Agency Site Representative, Pell Frischmann Consultants
Mark Courtneidge, Director, Aon
Ian Sivyer, Associate Director and Head of Risk Finance, Currie & Brown Consulting
Jonathan Hearth, Marketing Director, Met Office

Conference agenda

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8:45

Registration & Coffee

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9:15

The Risk Management Standard as a guide to managing risk and fulfilling strategic objectives

  • The Standard and its inception
  • Defining the strategic objectives and risk criteria
  • Assessing the standard as a tool to streamline the risk management effort
  • Reaping the rewards from using the Standard
  • Release 2 of the Standard - what can be expected?
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    10:00

    Risk in long term PFI projects

  • Identifying risk in long term PFI projects
  • Extent of uncertainty
  • Minimising and pricing risk
  • Technical risk appraisals benefitting the PPP process
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    10:45

    Morning Coffee

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    11:00

    Financial appraisal of risk in PPP through the use of strategic analysis techniques

  • Why and when to use quantitative risk approaches
  • Understanding & incorporating risk within financial models
  • The risks & limitations of financial modelling
  • The benefits of risk models for project and contract management
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    12:00

    Discussion and questions – review of the session

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    12:30

    Close of Executive Briefing

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    8:30

    Registration & Coffee

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    9:00

    Chairman's Opening Remarks

    Richard Payne, Managing Director, Currie & Brown Consulting

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    9:10

    INDENTIFICATION OF RISK

    Ian Sivyer

    Ian Sivyer, Head of Risk Finance and Insurance, Currie & Brown (Tubelines)

  • Importance of quantifying risk
  • Overview of risk identification techniques
  • Advantages of the various techniques used
  • Risk assessment techniques
  • The purpose of assessment
  • Risk modelling techniques
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    9:40

    RISK MANAGEMENT

    Trevor Preston

    Trevor Preston, Head of Risk Management, AMEC

  • Identify the extent of the challenge
  • Implementing a risk management strategy
  • Typical problems
  • Developing effective risk management
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    10:20

    CASE STUDY

    Barry Drewett

    Barry Drewett, Highways Agency Site Representative, Pell Frischmann Consultants

  • Overview of different risks and their possible consequences
  • How risks – disruption, delays, meeting objectives – were addressed
  • Risk allocation for the project
  • What went wrong during the project
  • What contributed to the project’s overall success – completed - completed 5 months ahead of schedule
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    11:00

    Morning Coffee

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    11:20

    RISK MANAGEMENT

    Mike Stott

    Mike Stott, Safety Manager, Laing O’Rourke

  • How improving the risk management has impacted on the success of construction projects
  • The role of the risk manager
  • How risk management interfaces with risk anticipation
  • How loss control can impact on the success of construction projects
  • The need for improved loss control
  • Risk assessment as a decision tool
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    12:00

    CONTRACTUAL RISK TRANSFER

    Graham Lowe

    Graham Lowe, Head of Legal Services, Tube Lines

  • Contract risk allocation principles
  • Standard contract risk profiles
  • Amending standard form contracts
  • Statutory constraints on contractual risk transfer
  • Avoiding pitfalls
  • “Bottom drawer” contracts
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    12:40

    Lunch

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    14:00

    INSURANCE

    Mark Courtneidge

    Mark Courtneidge, Director, AON

  • How insurance fits into the risk management model
  • Overview of construction insurance coverages
  • Insurers on site – benefits and downsides
  • Rectification of the current insurance market imbalance
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    14:40

    MANAGING RISK AND VALUE

    Dr Das Mootanah

    Dr Das Mootanah, Project Manager, CIRIA

  • What are the different perspectives of risk and value in PPP procurement?
  • Best practice toolkit for identifying, assessing and managing value/risk/uncertainty
  • How the toolkit adds value to current industry practice
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    15:20

    RISK IN PRIVATE INITIATIVE PROJECTS

    Alastair Bloore

    Alastair Bloore, Deputy Managing Director of Consulting, Cyril Sweett

  • Drivers for demonstrable processes
  • Primary risk areas
  • Risk allocation
  • Whole Life Cost Risk
  • Time pressure effects
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    16:00

    Chairman’s Closing Remarks and Close of Day One

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    8:30

    Re-registration & Coffee

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    9:00

    Chairman's Opening Remarks

    Professor Tim Broyd

    Professor Tim Broyd, Chief Executive, CIRIA

    clock

    9:10

    CASE STUDY

    Henry Outfin

    Henry Outfin, Legal and Risk Manager, Ballast

  • What does a construction risk manager do?
  • Definition of construction risk – the risk of misfortune
  • Contractual risk
  • Spreading the risk
  • The role of insurers in the hard market
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    9:40

    IMPROVING PROJECT PREDICTABILITY

    John Holland

    John Holland, Head of Consultancy Services, Lend Lease

  • Assisting decision making
  • Linking value and risk management
  • Measuring value
  • Integrating value and risk within the project process
  • The role of the workshop
  • The benefits to the project
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    10:20

    AN INSURANCE COMPANY PERSPECTIVE

    Ross Legge

    Ross Legge, Director, Construction Unit, FM Global

  • Risk identification, management and mitigation
  • Benefits to insurers, contractors and owners
  • The link with the insurance product
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    11:00

    Morning Coffee

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    11:20

    ARCHAEOLOGICAL CONSIDERATIONS

    Nick Bateman

    Nick Bateman, Senior Project Manager, Museum of London Archaeological Services (MoLAS)

  • Identifying risk
  • Managing risk
  • Archaeology and planning
  • Working with construction teams
  • Adding value
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    12:00

    WEATHER IMPLICATIONS

    Jonathan Hearth

    Jonathan Hearth, Marketing Director, Met Office

  • Impact of weather and climate on construction
  • Level of risk and a severe weather impacts model
  • Use of climate data in building design
  • Use of forecasts during construction
  • Future impacts of climate change
  • Use of weather derivatives to hedge the risks
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    12:40

    Lunch

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    14:00

    CONSTRUCTION HEALTH AND SAFETY

    Struan Robertson

    Struan Robertson, Group Chief Executive, Wates Group

  • Reduce risks – cut costs: the real costs of accidents at work
  • Directors’ responsibilities for health and safety
  • Health and safety training; what you need to know
  • Breaking the paradigms
  • Performance management and safety
  • Measurements and motivation
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    14:40

    DESIGN AND CONSTRUCTION

  • Business objectives of the building / identification of business needs
  • Programming of the project
  • Achieving sustainability objectives
  • Co-ordination across professional disciplines
  • Conflicts between construction and maintenance needs
  • Technical evaluation of proposals by contractors
  • The naïve client: Risks of inadequate briefing and specification
  • Risk assessment of FM delivery

     Jeremy Hodge

    Jeremy Hodge, Director of Research, BRE

    Colin Ashford

    Colin Ashford, Principle Consultant, BRE

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    15:20

    Afternoon Tea

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    15:40

    CLAIMS AND RISK

    Rupert Travis

    Rupert Travis, Executive Director, Cunningham Lindsey International

  • Making use of claim information
  • Getting claims people to work with health and safety
  • Lessons learnt on claims
  • Access to incident data bases
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    16:20

    TRANSFER AND RETENTION

    Paul Knowles

    Paul Knowles, Partner, Project Finance Team, JLT Solutions

  • The definitions of ART and Risk Retention Strategies
  • Key features of techniques
  • Advantages and disadvantages of techniques
  • Process for development of a solution
  • Annual programme – case study
  • Project specific – case study
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    17:00

    Chairman's Closing Remarks and Close of Conference

    Workshops

    Improved Standards for Risk Management and Risk Modelling

    Improved Standards for Risk Management and Risk Modelling

    The Hatton, at etc. venues
    28 January 2004
    London, United Kingdom

    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

    HOTEL BOOKING FORM

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SAE Media Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@saemediagroup.com

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    UK Office
    Opening Hours: 9.00 - 17.30 (local time)
    SAE Media Group , Ground Floor, India House, 45 Curlew Street, London, SE1 2ND, United Kingdom
    Tel: +44 (0) 20 7827 6000 Fax: +44 (0) 20 7827 6001
    Website: http://www.smgconferences.com Email: events@saemediagroup.com
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