• Post category:StudyBullet-16
  • Reading time:5 mins read


Reduce your worries by Managing Risks on Your HVAC Projects

What you will learn

Define the Requirement of Risk Management for HVAC project and HVAC Industry as Need of an Hour with Reasons Explained in detail.

Risk Management and Its Definitions, Importance and Important terminologies

Risk Management in Pre Sales, Post Sales, Design , Execution

Risk Management in Commercials, Contract , Finacinal , Handing Over Aspects

Description

The Course explains the need of having risk management by answering some key questions in HVAC Projects. It explains the Risk Management Definitions, Terminologies and process. It goes in depth of explaining the project life cycle of HVAC projects, Some common Mistakes in HVAC projects. The entire course is covering entire life cycle of the project right from Presales ,

Sales, Design ,

Execution ,

Handover ,

Financial &


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Closing of Project.

This course is beneficial to beginners and engineers and one and all who are involved in execution of HVAC projects.

With lot of real life examples and fundamentals this course can give total insight on how risks can be managed effectively in HVAC Projects. HVAC projects are traditionally run as specialised projects with God profit margins. However, over the years due to changes in external environment, HVAC stream is no longer considered as specialised stream. With so much of competition an increased demands from customer and constant rapid changes across, it is difficult to manage the project like it used to be. Project Management is not given that due importance . Risk Management is one of the important pillar in Project Management. No risk means no Project. Risks are part of every project.

It is important to manage risk in effective manner. COVID 19 has taught every one a lot of lessons with respect to Risk management. It is important for project organisation to be ready and be proactive to manage any risks in future. There is no space left for reactive type of response now. Many organisations have seen the bad times due to non implementation of Risk Management in their projects

English
language

Content

Introduction and Do we Need to Have Risk Management? Why?

Introduction & Do We need to have Risk Management in HVAC Projects? Why?
Lecture 2: Life Cycle of HVAC Projects, Common Mistakes, RISK Definitions

Risk In Presales

Lecture 1: Risk in PreSales – Customer
Risk In PreSales – Scope
Risk in PreSales – Contract Review
Risk in PreSales- Estimation & Site Visit

Risk in Post Sales

Risk in Post Sales – Kick Off Meetings
Risk in Post Sales – Project Charter
Risk in Post Sales – Transfer of Documents- Documentation
Risk in Post Sales – Initial Risk Register
Risk in Post Sales – Key Assumptions
Risk in Post Sales – Stakeholder Analysis

Risk in Design Stage

Risk in Design Stage- Ambguity, Specs and RFI
Risk in Design Stage- Value Engg, Cost benefit Analysis

Risk in Execution

Risk in Execution -Update Risk register and Designate Risk Owner
Risk in Execution -Communication and Documentation
Risk in Execution-Implement Risk Response and Measure Effectivness
Risk in Execution-Lessons Learnt

Risk in Handing Over

Risk in Handover -T&C , De- Snagging and Handover Documentation

Financial Risk

Financial Risk -Key Indicators
Financial Risk- Review of Actions and Renegotiaons
Financial Risk – Lessons Learnt, Termination
Risk in Closure