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Construction projects are inherently risky ventures because of their unique structures. Understanding “construction risk” definition and to learn how to manage it, allows a project manager to consistently complete successful projects, as well as ability to develop a recovery plan for a project which is “in trouble” due to a variety of reasons. The course also deals with how to prevent failed and troubled projects, how to perform a project risk assessment, how to develop a troubled project recovery plan.

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International standard conditions of contract, in particular the FIDIC Conditions of Contract are being increasingly used by the international Construction Industry. The FIDIC Conditions have been adopted by the Multi-Lateral Development Banks , and the European Commission for all their projects. This course explains the use FIDIC suite of Contracts, with particular emphasis on the Conditions of Contract for Construction (the “Construction Contract”) and the FIDIC Conditions of Contract for Plant and Design-Build (the “Design-Build Contract”). Conditions of Contract for Engineering Procurement and Construction (EPC) / Turnkey Projects.

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This course covers the subjects of; basic concepts related to disputes in construction contracts, standard construction contract models, time and cost in standard construction contracts, claims, extensions of time, construction planning – control, work programs, acceleration and variation in construction contracts, cause and effect in construction law, delays and delay analysis methods, concurrency and lost productivity, damages, dispute resolution methods in construction contracts.

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Large scale construction projects, particularly public infrastructure investments are highly important and complex practices in terms of project management, financing and contract administration. In this context, qualification in very special areas such as public private partnership and claims and dispute management under FIDIC contracts is the scope of this course. Review of real cases with active student participation is provided for better experience.

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Basic concepts, gathering and displaying data, measurement of central tendency, skewness and kurtosis, exploratory (initial) data analysis, time series, probability, probability distributions, sampling, simple regression and correlation analysis, non-parametric statistics.

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This course introduces students to a general knowledge of law they will need during their graduated studies in construction management. In this connection the students will be taught basic principles of contracts, negotiable instruments, business associations, employee employer relationships and property law.

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How the construction industry worldwide operates; perspectives and definition of the construction firms for the future; International construction; innovative project management processes, new trends in construction organizations; new strategies used for improvement: partnering, benchmarking, value management; role of the project manager in sustainable construction; EPCM, new roles; new areas of management in the construction sector; IT management in CM; Real Estate Sector and related issues.

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Conflict, claim and dispute concepts. Dispute causes and categories in construction projects. Measures to prevent disputes. Extension of time claims and delay analysis. Additional payment claims and quantum. Formulation and presentation of claims. Dispute resolution methods. Dispute analysis and dispute resolution method selection. Claim and dispute resolution processes in international construction contracts and international dispute resolution institutions.

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Introduction to BPM, Management by Process, measuring process performance, Advanced Process Modeling in BPMN, Quantitative Process Analysis, Qualitative Process Analysis, Qualitative Process Analysis (Simulation and queue), Process Redesign, Requirements Elicitation for Process Automation, Process Automation, Process Monitoring and Mining, Process Mining.

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Information Systems (IS) support in organizations, electronic commerce and electronic business, functional business applications, enterprise systems, corporate performance measurement, business intelligence, decision support systems, planning and acquisition of IS, security and ethical issues.

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This course introduces various methods focusing on group decision making. The students will be provided the context for, the scope of, similarities and the differences in, the breadth and the debt of decision making processes and techniques. Decision making problems, decision making under uncertainty and under risk, multiple criteria decision making, structuring the problem and modeling, problem solving methods and softwares, and group decision making will be discussed.

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