RAIC Webinar: Risk Management and Professional Liability

Risk Management and Professional Liability

Find out how to identify, assess, and manage risks to ensure the success and stability of architectural projects and practices at this session, featuring chapter 3.8 of the Canadian Handbook of Practice for Architects (CHOP). This essential guide provides valuable insights into the professional practice of architecture in Canada. This session is a part of the CHOP CHAT Series. 

Discussion Topic: Chapter 3.8: Risk Management and Professional Liability 

We’ll discuss the essential role of risk management in architectural practice, highlighting the importance of identifying potential risks, assessing their probability and impact, and deciding whether to assume the risk to seize opportunities. This chapter reviews various sources of risk that could impact architectural practice and design projects, and recommends business practices to develop effective risk management strategies. We’ll explore the comprehensive approach to risk management, including the development of response plans and the monitoring of practice and project activities to foresee risk events before they occur. 

 Speaker Geza Banfai