Risk and Financial Management in Construction

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.

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.

Simon Burtonshaw-Gunn joined Risktec Solutions Limited, a specialist risk management consultancy predominantly involved in the high risk and externally-regulated industries, in September 2007 as a Principal Management Consultant. He has an MA in Strategic HRM, an MSc in Business Management and a PhD covering partnering and collaborative working. Visiting Professor at the University of Salford since 2005, Professor Burtonshaw-Gunn has presented conference papers internationally and is widely published. To complement his academic achievements his experience is recognised with Fellowship of four professional institutions including the UK's Chartered Management Institute and the Institute of Business Consulting. He has over 30 years experience across a number of sectors, most notably in high-technology where his activities have included a wide range of management system developments, project management, the management of change and people-focused performance improvements in both private and public sectors.