Annual Meetings-Construction Project Management from the Owner's Perspective

Pdf Summary

The document discusses Construction Project Management from the Owner's Perspective, emphasizing risk management throughout the project life cycle. It covers various aspects such as risk identification, mitigation strategies, common impacts on project performance for owners and contractors, and the importance of property preservation planning. The text underscores the significance of proactive risk management to achieve successful project outcomes within budget and schedule constraints. Key recommendations include early risk assessment, effective communication, and embedding risk management into the organizational culture. The roles and responsibilities of different parties involved, such as owners, designers, and contractors, are highlighted to ensure a coordinated approach for project success. The importance of open communication, thorough contract reviews, and risk allocation in contracts is also emphasized. Ultimately, the document stresses the importance of identifying, planning, tracking, and controlling risks throughout the construction process to minimize disruptions, delays, and financial losses.

Asset Caption

Presented by:
Tim Diemand, Partner, Wiggin & Dana LLP; Raymond Szczucki, PE, ARM, Account Engineer, Inland Marine ACE USA; Stan Johnson, Managing Director, Disputes, and Investigations, Navigant Construction, Inc.; and Stephan Pitaniello, PE, CFCC, Managing Director, Global Construction Practice, Navigant Consulting, Inc.

Keywords

Construction Project Management

Owner's Perspective

Risk Management

Project Life Cycle

Risk Identification

Mitigation Strategies

Property Preservation Planning

Proactive Risk Management

Organizational Culture

Contract Reviews