ECRI Risk Management Organizations

ORGANIZATION
Engineering & Construction Risk Institute, Inc. is a non-profit organization chartered under the laws of Washington, D.C.

OFFICERS

Chariman
Stuart Graham

President &
Managing Director
Roderick A. Kyle

Executive Associate
William Zelle

Secretary
Keith Huffman

Assistant Secretary
Peter Hughes

OBJECTIVES The objectives of the Engineering & Construction Risk Institute, Inc. are to work with clients/owners and the insurance and bonding industries to accomplish the following goals:

Devise ways to apply existing risk valuation techniques/methodologies more effectively to commercial and contractual situations in the E&C industry

Identify/modify existing or develop new methods to price risk

Identify and enable the sharing of risk management best practices, from within the E&C industry and from other industries

Identify/develop improved instruments to insure against risk

Disseminate data, methodologies and best practices to member companies and the partner/supplier community as appropriate

Issue a periodic report on risk management performance by region and market

Identify and understand emerging risks

Establish training and educational seminars to educate employees in the member companies with respect to E&C risk management.

Create a shared pool of data for understanding and measuring risk, which facilitates a ranking of types of risks by cost impact, frequency and other relevant indicia (starting with, but not limited to historical project data across all regions of the world)

Define a unified set of metrics/standards for measuring risk and other related performance indicators

Establish improved methods for managing project risks when there is change in the project.