Risk Management

One of the most important concepts in construction management is that of risk management.  What does this mean?  Simply put it means that an important part of your job is to make sure that the right amount of risk is placed on the right party.  The more risk you put on the contractor, the more likely the price of the work is going to go up.  A good contractor will make sure that any risk inherent in the project is reflected in the bid price.  And this is to be expected.

There is an important trade off between the dollars you spend on engineering and the dollars spent on construction.  You can easily spend your entire budget on engineering and survey work to make sure there are no unknowns.  But then you won't get anything built.  And that's kind of the point of construction management, to get things built.

This will definitely be a topic that I write on more, so stay tuned...

What's the Point?

Well, I'm here to share my experience with you, the new engineering graduate, the new project manager, the new construction manger, or the newly-interested-in-construction person.

I have about six years of experience in heavy construction management for public agencies and do not have a traditional "technical" background.  So that means I learned on the job and have an appreciation for common sense and getting things done.

It's important for a construction or project manager to be able to effectively communicate with a diverse group of individuals.  For this reason, I started this blog.  I hope it is helpful, insightful, and sometimes humorous.  If you have a story about construction or project management, please share it.  I will appreciate it and I am sure others will too.