Learning & events

CPD event | Face-to-face | Sydney | Predictive technology in risk assessment and dispute management

with Lee Price

Wednesday 23 June 2021 | 5.30pm - 7pm AEST | Sydney

Disputes in the construction/infrastructure industry are currently running at 70% on projects, with cost overruns averaging 25%, subject to the value of the project. On government projects this is tax-payers money.

There needs to be a better way to foresee risks on projects before they encounter them using the right technologies that integrate and collaborate in a way to identify and assist in mitigating the risks rather than responding to them once they are an issue.

A majority of the risks arise as a result of the lack of understanding and management of contract – Interpretation vs. Expectation.

The ongoing development of the integrated technology, in particular an Artificial Intelligence (AI) model, which becomes a decision maker, will allow the client and contractors to better establish clear strategic objectives and outlooks for the projects they are undertaking and provide a better way to eliminate the risks at the right time.

This presentation is for people that are focused on DR, ADR, and risk management in the construction/infrastructure industry. This will include people from the legal sector, project management area, and clients running projects.

The ongoing development and introduction of AI models is increasing here in Australia although we are a long way behind a lot of other countries.

The objective of this presentation is to provide a clear understanding of what AI really is and what the benefits are to start utilising the right model.

This presentation will provide a level of detail as to how the AI model will assist the contract parties and the legal firms.

Please note: Photos may be taken during the event for use of Resolution Institute.

About the presenter

Lee Price

Leading large and multi-faceted teams under different types of contracting models are at the forefront of Lee’s skill set. This includes leading the development of a program of works though to final business case approval, developing and implementing effective governance processes, facilitating opportunities to engage and collaborate with external stakeholders to develop joint solutions, as well as championing the program’s vision and strategy while ensuring and preserving a culture of confidence and trust.

Lee is an accredited mediator which enables him to better service the projects he oversees and is a member of the Resolution Institute. He is also a member of the Risk Management Institute of Australia. Lee has completed a Masters in Engineering Management and a Masters in Dispute Resolution.

Resolution Institute thanks Ashurst for generously supporting this event.

'We acknowledge the Traditional Owners of the Country on which we meet today, the Gadigal people of the Eora nation, and recognise their continuing connection to land, waters and culture. We pay our respects to their Elders past, present and emerging.'