In today’s climate the need for a closer understanding of the relationship between the two inter-related topics of risk management and finance on construction projects is becoming increasingly crucial to achieving the objectives of the investor, the end-user and the constructor and its supply chain, especially as interest in PFI and PPP arrangements continues to grow around the world. Risk and Financial Management in Construction shows the relationship between the Construction Project Manager’s task of balancing time, cost and quality and the need to satisfy the client’s requirements efficiently, effectively and professionally whilst at the same time contributing to the contractor’s future sustainability. The book covers Risk Management describing the tools and methods to reduce the occurrence and consequences of risk, and the financial management of construction projects from raising funding, to contract strategy and through to estimating, budgeting and cost control. It includes a chapter covering international project risk, bringing together the issues of risk management, prime contracting, and PFI funding for construction projects undertaken away from the contractors main home market. Risk and Financial Management in Construction is aimed at those practising in, or studying to enter, the project management profession in providing a strategic and operational knowledge of these subjects allowing the reader easy access to the key points through a wide selection of models, checklists and easy to find lists in all of the key areas.
'This book is particularly helpful for readers in that it makes use of a considerable number of diagrams, models and other methods of clarifying complex theories or assisting in explaining risk models…Chapter 6 was of particular interest given the current financial situation of the country…if you are going to deal with risk and/or finance, you really ought to make the time to read this book as part of the subject.' Edward Simpson, Building Engineer
Contents: Preface; Introduction; Part 1 Construction Risk Management: Risk management in construction projects; Risk identification and planning; Qualitative risk analysis and quantitative risk evaluation; Risk response planning, monitoring and control; Construction prime contracting and the importance of risk management in international projects. Part 2 Financial management: Financing of construction projects; Financial assessment and performance of projects; Advances in contract strategy; Estimating, budgeting and cost control; References; Glossary of terms; Index.