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Proposed Six Story Building For Community Concern Society - Risk Registry

The document lists 11 key risks associated with a proposed 6-story building project and community expansion. It includes risks related to budget constraints, inaccurate cost estimates, design failures, transportation difficulties, lack of storage space, safety issues, approval delays, security, weather, natural disasters, and poor communication. For each risk, it assesses the probability of occurrence, potential impact, risk category, and recommends response strategies to mitigate, avoid, or transfer each risk.

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jmaasa
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2K views2 pages

Proposed Six Story Building For Community Concern Society - Risk Registry

The document lists 11 key risks associated with a proposed 6-story building project and community expansion. It includes risks related to budget constraints, inaccurate cost estimates, design failures, transportation difficulties, lack of storage space, safety issues, approval delays, security, weather, natural disasters, and poor communication. For each risk, it assesses the probability of occurrence, potential impact, risk category, and recommends response strategies to mitigate, avoid, or transfer each risk.

Uploaded by

jmaasa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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The Risks management list associated

withSix
proposed
expansion For
building
project. Concern Society - Risk Registry
Proposed
Story Building
Community

Effect

Impact

Cause

Probability

Risk Event

Qualitative Risk Assessment

Primary
Objective

No

Risk Category

Risk Identification

Risk Response Plan

Response
Strategy

Risk Matrix

Response Actions

Monitoring and Control

Responsible
Entity

Interval,
Milestone or
Stage Check

Probability

Very High

High

Budget Constraints- allocation in


Project not fully funded
Project delay
doubt or subject to change

Time

Financial

VH
H

Mitigate

Project may be divided into


2or 3 phases with options in Project Manager Monthly
the contract

Mitigate

Increased unit price


considering the material
transportation on narrow
accessible road

Quantity
Surveyor

At estimating
sage

Mitigate

Introducing a good
communication protocol
(drop box)

Architect

At design stage

Mitigate

Encourage insitu
construction

Engineer

At design stage

Mitigate

Plan and make sure martial


are delivered to the site at
time

Engineer

Daily

M
L
VL
VL

VH

Impact

Probability

Engineers cost
estimate
underestimated

Medium

Unit pricing effected by cost of


material transportation

Medium

Inaccurate cost
estimate

Cost

Financial

VH
H
M

L
VL
VL

VH

Impact

Probability

design failure

High

Miscommunication between
design team

Low

Inaccurate building
design

Quality

Design

VH
H
M

L
VL
VL

VH

Impact

Probability

High

Very High

Difficulty in
Poor accessibility due to narrow Project cost
transporting material
roads
increases
to the site

Cost

Construction

VH
H
M
L
VL
VL

VH

Impact

Probability

Project delay

High

Small construction space is


available

Medium

Lack of martial
storage space

Time

Construction

VH
H

M
L
VL
VL

M
Impact

VH

Status: Date
and Review
Comments

Probability

Medium

Medium

Health & safety

Small constriction space with


Threat for the
surrounding building close to the workers and
proposed site
outsiders

Cost

Construction

VH
H

Take safety precasions,


Implement health & safety
policy

Safety Engineer

Monthly

Coordinate with Local


Authorities and get the
permission bit early

Architect

before
tendering stage

Mitigate

Implement security
precautions

Resident
Engineer

Monthly

Mitigate

Make sure to avoid rainy


seasons in construction
period.

Project Manager At design stage

Transfer

Take insurance

Contractor

Before
commencement
of work

Introducing a good
communication protocol

Project Manager

From tendering
sage

Mitigate

L
VL
VL

VH

Impact
Probability

Project delay

High

Delay of getting approvals

High

Approvals

Time

External

VH
H

Avoid

L
VL
VL

VH

Impact
Probability

Project cost
increases

Very High

lack of security

High

Security

Cost

Construction

VH

H
M
L
VL
VL

VH

Impact
Probability

Project delay

Medium

Rainy rainy weather conditions

Medium

Weather

Time

External

VH
H

M
L
VL
VL

VH

Probability

Project cost
increases &
project delay

Very High

Unforeseen natural disasters

Very low

Natural disasters

Cost/ time

10

External

Impact
VH
H
M
L

VL
VL

VH

Probability

High

Project cost
increases

Low

Variation

Variation due to poor


communication between client
and contractor

Cost

11

Construction

VH
H
M

Avoid

L
VL
VL

M
Impact

VH

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