Guardian

LARGE engineering facilities and projects are confronted with several man-made, operational and natural risks such as collapse, fire, flood, abandonment, cost overrun, delayed completion.

In terms of property damage, loss of lives, business  interruption and non-realisation of project goals and objectives, the attendant losses are enormous.

The effects on the  stakeholders are devastating. Unless the man-made causes are identified and analysed, effective control measures will not be applied.

The recurrent incidents have become worrisome to risk managers and state governments. While the State governments are enacting legislations and regulations to curb the problem of building collapse. For example, risk managers are to train and retrain the personnel engaged in the construction/engineering industry, that is,
engineers, builders, contractors, safety managers, construction officers, risk managers and analysts, oil and gas workers, compliance/quality control managers, insurance practitioners, officials of government parastatals, etc, as the proactive measures to effectively
manage the inherent risks in engineering facilities and projects

To this end, the Risk and Insurance Managers Society of Nigeria (RIMSON) is organising a two-day course on risk management at NECA House, Alausa, Ikeja, Lagos.

The Registrar of RIMSON, Mr. Cyprian N. Emenyonu, said the course would provide the platform for the industry experts and professionals to brainstorm on the importance of risk management in the construction and operation of engineering facilities and projects.

Such risk exposures will be identified with a view to proffering appropriate risk control measures to safeguard the investments. The main
topic of the course he said, is broken into sub-topics to be facilitated by highly experienced engineering and certified risk management experts like Engr. Jacob Adeosun of Industrial Risks Protection Consultants, Rev. Engr. Mike Udonquak, Managing Director, Global Risk Consulting.