Build the Skill to Integrate Risk into Real-World Estimates
Explore the full list of modules and lessons included in this course.
1.0 Welcome and Orientation
1.1 Learning Outcomes, Certification Programs Credits, and Time Commitment
1.2 Evaluation and Course Navigation
1.3 Assignment – General Knowledge Check
2.1 What Is Construction Risk? Practical Definitions and Roles
2.1 What Is Construction Risk? Practical Definitions and Roles - Quiz
2.2 Categories of Risk Relevant to Estimating
2.2 Categories of Risk Relevant to Estimating - Quiz
2.3 Risk and Its Relationship to Cost Overruns and Contingency
2.3 Risk and Its Relationship to Cost Overruns and Contingency - Quiz
2.4 Risk in Owner, Contractor, and EPC Perspectives
2.4 Risk in Owner, Contractor, and EPC Perspectives - Quiz
2.5 Assignment – Identify Risk Sources in a Sample Scope
3.1 Labour and Equipment Cost Volatility: Market and Execution Factors
3.1 Labour and Equipment Cost Volatility: Market and Execution Factors - Quiz
3.2 Material Pricing and Long-Lead Items: Pricing Uncertainty
3.2 Material Pricing and Long-Lead Items: Pricing Uncertainty - Quiz
3.3 Unit Rate Risk and Subcontractor Pricing Reliability
3.3 Unit Rate Risk and Subcontractor Pricing Reliability - Quiz
3.4 Assignment – Model Escalation and Uncertainty in Labour and Material Rates
4.1 How Time Translates into Cost Risk
4.1 How Time Translates into Cost Risk - Quiz
4.2 Working Days, Productivity, and Risk-Driven Float
4.2 Working Days, Productivity, and Risk-Driven Float - Quiz
4.3 Pricing Standby, Idle Equipment, and Weather Delays
4.4 Assignment – Build a Duration Risk Scenario with Cost Impact
5.1 Supply Chain Exposure and Lead Times
5.1 Supply Chain Exposure and Lead Times - Quiz
5.2 Labour Market Saturation, Trade Scarcity, and Crew Cost Uplifts
5.2 Labour Market Saturation, Trade Scarcity, and Crew Cost Uplifts - Quiz
5.3 Regional Factors and Construction Windows
5.3 Regional Factors and Construction Windows - Quiz
5.4 Assignment – Adjust Unit Prices for Region-Specific Risk Exposure
6.1 Heat Maps, Likelihood Scales, and Subjective Scoring
6.1 Heat Maps, Likelihood Scales, and Subjective Scoring - Quiz
6.2 Quantifying Risk with Expected Value and Cost Range Analysis
6.2 Quantifying Risk with Expected Value and Cost Range Analysis - Quiz
6.3 Using Triangular and PERT Distributions (No Simulation)
6.3 Using Triangular and PERT Distributions (No Simulation) - Quiz
6.4 Assignment – Convert Qualitative Ratings into Cost Implications
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The benefit of timely feedback.
This course is part of the Construction Estimating Workflow and Methodology bundle. Build the full skillset and save 35%, a structured way to learn the complete process.
A course series covering the full estimating process, estimate structure, delivery methods, labour costing, unit pricing, risk, software tools, Microsoft Project for schedules, and review techniques, all bundled with 35% off individual pricing.
$6,750
Choose a course path that gives you depth, structure, and serious value. Each bundle combines multiple full-length trainings into one powerful learning track.
Build a solid foundation in construction with this core training series, covering estimating, scheduling, blueprint reading, bidding, and industry structure in Canada. Practical, real-world knowledge for anyone starting or upskilling.
$3,805
A hands-on course series focused on detailed estimating for construction scopes. Covers quantities, activities, crews, production rates, and cost development designed for professionals estimating with accuracy and trade-specific focus.
$3,426
Build complete estimating skills with this full course series covering core principles, estimating workflows, and detailed trade scopes. Practical, real-world training for professionals managing costs from concept to construction execution.
$9,679
