Risk Management in Construction

Construction work has just commenced and the main contractor is setting up the site. The organisation you are representing has extensive experience in undertaking risk analysis and management duties. You are the lead consultant and the Client, Balliol College, has appointed your organisation as lead consultant to undertake this task. As the principal partner of your organisation, you will need to carry out the following tasks: (i) undertake a comprehensive risk assessment for the proposed development; carefully considering the project development strategy, the project brief and identifying all the stakeholders involved. There is need for the organisation you are representing to liaise closely with Oxford City Council and the community; (ii) prepare a detailed report highlighting the risk analysis and management strategy for the project. In your report, identify the actual steps taken, and the action taken to mitigate the risk events; (iii) rank each risk event in terms of severity and cost. You will need to compare the two outcomes and provide professional advice to the client; (iv) provide a clear works breakdown structure of your team and the responsibilities set for each team lead, by organising the team’s work into manageable sections. This can be achieved by means of a flow-chart showing the responsibilities of each team lead and how the entire team fits together and manages the different tasks to achieve a comprehensive risk management report; and (v) prepare three letters as part of the project correspondence relating to the risk management coursework. The first letter is an invitation from the client; the second letter is an internal instruction to the team leads and the third letter should accompany the report.

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