Unformatted text preview: be an obstacle for the completion of the project on time and also under-allocated budget. Risks that can be managed by the following measures: 1. Unexpected increases in material costs - procurement of raw materials beforehand once the master plan is finalized 2. Weather Changes - Consider weather-related roadblocks as much as we can while designing the master plan. 3. Labor shortages- Try to have them outsource from third-party vendors 4. Issues with subcontractors and suppliers - Always have multiple subcontractors & suppliers to maintain demand & supply equilibrium. 5. Worker accidents and injuries in the construction site - Set safety standards for all the employees working on construction and conduct safety training sessions....
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- Spring '14