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Riskmanagement is activity directed towards the assessing, mitigating (to an acceptable level) and monitoring of risks. In some cases the acceptable risk may be near zero. Risks can come from accidents, natural causes and disasters as well as deliberate attacks from an adversary.
The Foundations for RiskManagement presented herein will be the basis for the tools and other content that the RiskManagement Program committee will deliver at the upcoming convocation. The first five Foundations deal […] The post 10 Foundations for RiskManagement first appeared on Civil Engineer Blog.
This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks. Learn how structured cost management improves efficiency, reduces financial exposure, and supports long-term business growth.
Northeast Division Manager Apex Companies, LLC Quincy, MA Bio: Lauren Underwood is a dynamic engineering leader whose contributions span project management, business development, and organizational leadership. She is also deeply committed to growing the next generation of engineers through mentorship and industry involvement.
The construction and redevelopment sectors have always operated in complex, risk-laden environments. However, as the industry evolves, so too do the strategies used to manage and mitigate risk. Read more The post Modern Approaches to ManagingRisk in Construction and Redevelopment appeared first on CivilDigital.
The mega-contractor, along with Moffatt & Nichol and Volkert, will provide program and project management services to protect the city from storm risk and sea-level rise due to climate change.
This guide reveals how market leaders are managing financial risk by shifting to incremental budgeting, regional sourcing, and real-time cost tracking. Construction firms that rely on fixed budgets and outdated procurement methods are losing ground fast.
The new water management standard enforces Mandatory Water Systems Management Plans, Active Automatic Flow Monitoring Shutoff (AAFMS), and coverage for temporary and permanent water systems. Equally, many insurers will require compliance with JCoP guidelines to provide coverage.
Understanding where risks arise, what incidents are most common, and how safety trends are evolving is essential to protecting workers and running an efficient operation. The post What the Latest Workplace Safety Statistics Reveal About RiskManagement in 2025 appeared first on Civil Manage.
While there has been much focus on how the construction sector can decarbonise and reduce its contribution to climate change, not enough attention has been given to the physical risks a changing climate will bring to construction sites – and how to mitigate them.
This exclusive guide unpacks the impact of AI-driven analytics, automation, and predictive insights on project management, risk reduction, and workforce transformation. Construction firms embracing AI are outperforming the competition.
This reduces the risk of typing errors or incorrectly reading the takeoff and streamlines the entire process. There will be a clear message on the project if your estimate is not using the latest quantities from an updated takeoff,” said Amanda Ayles, Group Product Manager of Estimating at HCSS.
Managing a project budget is not just about numbers; its about ensuring your business is profitable. Understanding Project Budgeting Project budgeting is a crucial component of successful project management. Did you know that 39% of projects fail due to budget issues?
Address risk concerns early, this builds confidence and keeps innovation focused. Address risk concerns early, this builds confidence and keeps innovation focused. is a project manager at BHC and a 2024 Rising Star Alumni. Identify the milestones. Innovation comes with missteps and thats okay. When do we press forward?
This guide offers 12 reasons why CMiC is the right choice for reducing risk, increasing profitability, and preparing your business for growth. It helps manage bids, track resources, and easily handle change orders. Learn how CMiC improves team collaboration, ensures consistent data, and eliminates inefficiencies.
One of these projects is the Union Beach New Jersey Coastal Storm RiskManagement Project. Project Location Map for the Union Beach, New Jersey Coastal Storm RiskManagement Project. David Gentile, project manager, New York District, U.S. The Borough of Union Beach is a bayside community of 1.8 Credit: USACE.
The partnership combines WINT’s industry-leading AI-based water management solutions with HSB’s unique expertise in IoT technology and OEM uptime warranty solutions to provide businesses with an ultimate solution to protect from water leak damage. Water leaks are a major point of pain across the real estate and construction industry.
A Project Manager (PM) oversees operations, guides teams through day-to-day tasks, ensures effective communication, and maintains stakeholder alignment. As a Project Manager and a Business Owner, you deeply understand the entire process, from planning to execution.
In the complex world of construction project management, effective scheduling is the linchpin of success. Limited Real-Time Visibility: Outdated software fails to provide real-time insights into project progress, hindering proactive decision-making and risk mitigation.
Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network
In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. Fortunately, digital tools now offer valuable insights to help mitigate these risks. That’s where data-driven construction comes in. You won’t want to miss this webinar!
Owners building complex industrial projects face a wide range of risks in delivering their projects as quickly and as cost-effectively as possible. For owners facing this scenario, integrated services like the Engineering, Procurement, and Construction Management (EPCM) delivery method may be the best option for your project.
Kilnoski will serve as program manager for the firm’s work as part of the Advancing Resilience in Communities Joint Venture (ARC JV) supporting FEMA’s efforts to reduce flood risk for the East Coast and Great Lakes regions through the National Flood Insurance Program. Freese and Nichols, Inc. ,
These antiquated processes and tools impede data integrity, obstruct real-time collaboration, hinder comprehensive reporting, exacerbate compliance risks, and ultimately degrade operational efficiency. Compliance Risks and Safety Concerns: Outdated processes may not adequately address evolving regulatory requirements and safety standards.
Understanding new levels of risk and mitigation. AI’s influence on riskmanagement is profound. On one hand, AI can enhance risk assessment by analyzing vast datasets to predict potential issues before they arise. AEC leaders must develop a keen understanding of these new risks and how to mitigate them.
Managingrisk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively managerisk.
Poettkers drone program also benefits the RiskManagement Department. One of the most significant benefits of our drone program is its impact on our riskmanagement efforts, says Charles Wilson, VP of RiskManagement. Drones enable us to cover larger areas more quickly and gather high-quality data.
The Australian Flexible Pavement Association’s National Worker on Foot Awareness Course is the sector’s opportunity to invest in the safety and well-being of its workforce, reducing risk and potentially saving lives. Participants will gain insights into machine movements, associated hazards, and best practices for mitigating these risks.
Aurigo Software, the leading provider of capital planning and construction management software for infrastructure and private owners, today announced that their flagship product suite, Aurigo Masterworks Cloud, has reached In Process status on the Federal Risk and Authorization Management Program (FedRAMP®) marketplace.
If developers and building managers want to ensure steady continuity all year round without any prevalent setbacks and minimal risks, they must ensure their site is equipped with sufficient security measures that protect valuable assets and maintain worker safety. Construction site security is critical to any building project.
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets.
Site Observations: Progress notes, issues, and risks. Enhanced Data Security: Reduced risk of loss or damage. Often yes, with popular project management and accounting tools. Robust analytics tools can identify trends, highlight areas of improvement, and help project managers make informed decisions.
By Looq AI Addressing the Challenges of Utility Vegetation ManagementManaging vegetation around America’s electric transmission and distribution infrastructure is crucial for ensuring uninterrupted power delivery. This funding underscores the importance of cutting-edge technology in enhancing vegetation management.
(LAN) has been chosen to assist the Texas Department of Transportation (TxDOT) Houston District in managing the Seawolf Parkway Project. LAN’s involvement includes providing project management support, with Craig Hester, PE, senior technical leader, serving as project manager.
In this role, he also joins SGHs Executive Committee, which is responsible for the firms management and operations decisions. Bill brings extensive experience in risk consulting, structural engineering, and project management applied over a variety of industrial, offshore, and waterfront projects, primarily in the oil and gas industry.
Consolidate project management, cost tracking, and team collaboration into one seamless platform. With tools that adapt to your business needs, CMiC simplifies communication between the office and field, ensuring greater efficiency and reduced risk.
We are honored to have been selected by NJ TRANSIT to lead the replacement of this vital bridge that serves as a critical passageway for over 10,000 daily commuters and two million tons of freight annually, said Bill Matre, Skanska Koch senior vice president and general manager.
[Scottsdale, AZ; December 10, 2024] InEight, a leader in construction project controls software, today announced the pursuit to authorize its InEight Document software solution with the Federal Risk and Authorization Management Program (FedRAMP).
As a pivotal player in global defense, aerospace, and security, BAE Systems’ integration into ISNetworld’s contractor management platform marks a significant step in enhancing operational excellence and safety standards across their extensive array of projects.
Without leadership driving the transition, companies risk falling behind their competitors. Solutions such as cloud computing, artificial intelligence, and machine learning are transforming how construction projects are managed and executed, ensuring more efficient and safer job sites.
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