An online intensive professional development training course on
Project Delay Management and
Claim Assessment Master Class
Understanding Project Delays and
Applying Best Techniques to Recoup Losses
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14 - 18 Aug 2023
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$ 3,950
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11 - 15 Dec 2023
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$ 3,950
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Also Available in
Classroom - In-Person Course
Brochure
Why Choose this Online Training Course?
This online Master Class will enlighten coverage afforded by such time-related insurance policies and how claims are triggered. Common policy issues relating to delays in projects and reasons for the delays will be addressed. Various types of incident scenarios will be shared, and application of the policy cover will also be considered.
The online session will be handled by an experience Facilitator who is very familiar with this subject matter. He has decades of this subject handling experience. He will use adult learning methods incorporating inter-active formats to share his course material. Case studies and in-depth discussion dialogues will be used to enhance the learning process.
What are the Goals?
By the end of this AZTech online training course, you will be able to:
- Understand how these project delay insurance policies are arranged and the protection afforded
- Learn the underwriter’s consideration at the time of underwriting the risk
- Appreciate the claims handling aspect of this subject matter
- Highlight type of projects that require such coverage
- Apply some of the concepts relating to project delays and how it affects the contract arrangements
Who is this Online Training Course for?
The online training course is primarily designed to cater for project personnel and construction industry technical staff but not limited to;
- Project Engineers
- Project Managers
- Quantity Surveyors
- Consultants
- Building Surveyors
- Financial / Banking officials and representatives of Government agencies and utility companies
How will this Online Training Course be Presented?
This course will utilise a variety of proven online adult learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. This includes stimulating presentations supporting each of the topics together with interactive trainer lead sessions of discussion. This course will be taught online using a suitable platform.
The Course Content
Day One: An Overview & Construction Project Delays
- Managing Projects and Stakeholders
- The Need for Insurance in Construction Projects
- The use of A.L.O.P cover to mitigate losses
- Projects Contract Administration
- Conditions of Contracts (FIDIC and other contracts)
- Current projects in MENA and Asia – in relation to delays
Day Two: Application of the Construction Policy and its Typical Coverage
- How the CAR policy is arranged?
- Relevant Coverage
- Discussion on Period of Cover and hand over issues
- General Exclusions – Is War related losses covered?
- Policy Conditions – Taking reasonable precautions
- What if there are two policies arranged for the same site?
Day Three: Understanding the Policy itself
- Policy Operative Clause
- Sum Insured
- Limit of Liability
- Typical examples for each Section
- How about Section II losses and delays?
- Consequential loss – covered?
Day Four: Advanced Loss of Profits ( A.L.O.P) and its details
- Who buys A.L.O.P cover?
- Coverage and exposures
- Exceptions and Conditions
- Connection to Section I
- Role of Loss Adjusters in Claims Handling
- Insured loss and the A.L.O.P claim
Day Five: Handling Project Risks, Delays & Claims Management
- What are Underwriters Concerns?
- Risk Management and How it Works
- Claims Management and Project Monitoring
- How to over come project delays?
- The use of Performance Bonds
- Case Studies relating to delays and A.L.O.P cover
The Course Schedule
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10:30 - 11:00 |
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Welcome, Setup, Registration (Day 1 Only) |
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11:00 – 12:30 |
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First Session |
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12:30 – 12:45 |
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Break (15 minutes) |
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12:45 – 14:15 |
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Second Session |
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14:15 – 14:30 |
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Break (15 minutes) |
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14:30 – 16:00 |
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Third Session |
The Certificates
- An AZTech e-Certificate for delegates who attend and complete the online training course
- The applicable PMI Professional Development Units/Contact Hours will be reflected on the Certificate of Completion
Accreditation
AZTech as an A.T.P. (Authorised Training Partner) has been approved by PMI to issue applicable Professional Development Units (PDUs) for its Project Management training courses. PMI allows credential holders to apply PDUs to the maintenance of their credentials where one contact hour of training is equivalent to one PDU.
PMI is a registered mark of the Project Management Institute, Inc.
