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Elevate Construction · Tuesday · 7 min

Ep.1662 - Why Every Project Needs a Risk & Opportunity Register

In this episode, Jason explains why risk management must begin before construction starts. Without a Risk & Opportunity Register, fresh-eyes reviews, and reference class forecasting, teams can easily build schedules and budgets around wishful thinking. Jason explains how fresh-eyes meetings help teams expose problems early, assign mitigation strategies, and document risks and opportunities in days and dollars. What you'll learn in this episode: How fresh-eyes meetings help teams identify and address risks before construction begins. Why every risk and opportunity should have an owner, mitigation strategy, and measurable impact. How reference class forecasting uses historical project data to create more realistic schedules and budgets. Why relying on aggressive targets and wishful thinking can lead to bad milestones, inadequate contingency, and project overruns. Are your project milestones and budgets based on real risk data and historical performance, or are they still being built around wishful thinking? If you like the Elevate Construction podcast, please subscribe for free and you'll never miss an episode. And if you really like the Elevate Construction podcast, I'd appreciate you telling a friend (Maybe even two 😊). Also, here are links to our YouTube Channels: · Jason Schroeder YouTube Channel: https://www.youtube.com/channel/UC4xpRYvrW5Op5Ckxs4vDGDg · LeanTakt YouTube Channel: https://www.youtube.com/c/leanTakt · LeanSuper YouTube Channel: https://www.youtube.com/channel/UCzQDevqQP19L4LePuqma3Fg/featured · LeanSurvey YouTube Channel: https://www.youtube.com/channel/UC-Ztn3okFhyB_3p5nmMKnsw

0:00-7:21
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In this episode, Jason explains why risk management must begin before construction starts. Without a Risk & Opportunity Register, fresh-eyes reviews, and reference class forecasting, teams can easily build schedules and budgets around wishful thinking. Jason explains how fresh-eyes meetings help teams expose problems early, assign mitigation strategies, and document risks and opportunities in days and dollars.

What you'll learn in this episode:

  • How fresh-eyes meetings help teams identify and address risks before construction begins.
  • Why every risk and opportunity should have an owner, mitigation strategy, and measurable impact.
  • How reference class forecasting uses historical project data to create more realistic schedules and budgets.
  • Why relying on aggressive targets and wishful thinking can lead to bad milestones, inadequate contingency, and project overruns.

Are your project milestones and budgets based on real risk data and historical performance, or are they still being built around wishful thinking?

If you like the Elevate Construction podcast, please subscribe for free and you'll never miss an episode. And if you really like the Elevate Construction podcast, I'd appreciate you telling a friend (Maybe even two 😊).

Also, here are links to our YouTube Channels:

· Jason Schroeder YouTube Channel: https://www.youtube.com/channel/UC4xpRYvrW5Op5Ckxs4vDGDg

· LeanTakt YouTube Channel: https://www.youtube.com/c/leanTakt

· LeanSuper YouTube Channel: https://www.youtube.com/channel/UCzQDevqQP19L4LePuqma3Fg/featured

· LeanSurvey YouTube Channel: https://www.youtube.com/channel/UC-Ztn3okFhyB_3p5nmMKnsw

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