Los Angeles 2019 Construction Monthly

primary risks are easy to understand and
that the risk management decisions may be
prioritized.
Risk Management Measures - Once
risks have been identified and assessed,
techniques to manage risk fall into one or
more of the following four (4) categories.
These measures are described in detail the
PDPG new risk management chapter.
4. Risk Avoidance
5. Risk Reduction
6. Risk Sharing and Transfer
7. Risk Retention
PDPG’s Other Risk Management
Guidance Topics
The Risk Management Chapter of the PDPG
provides a wealth of information regarding
risk identification methods, practices,
processes, charts and forms to assist firms
in the development of risk management
programs and plans. Topics include:
• Client and Project Selection
• Contract Agreements
• Standard of Care and Professional
Negligence
• Risk Management Plan
• Client Expectations
• Quality Control and Quality Assurance
• Project Closeout
• Professional Liability (PL) Insurance
• Factors Determining PL Insurance Costs
• Features When Selecting an Insurance
Carrier
• Others
Risk Management Benefits
Based on SmartRisk’s analysis of
organizations risk management programs,
firms with effective risk programs, benefits
include:
• Improved performance
• Higher profitability
• Greater client satisfaction ratings
• Fewer legal problems and claims
• Lower insurance costs
If you are interested in reviewing information
on CSI’s Delivery Practice Guide (PDPG) new
edition, please visit their website. https://
www.csiresources.org/practice/publications/
guides/pdpg
SmartRisk
Risk Performance Strategies
Timothy J. Corbett, BSRM, MSM, CERG,
LEED GA
Founder & President
626-665-8150
tcorbett@smartrisk.biz
www.smartrisk.biz.
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