Hwk #6 - 901-948-0681CEE 498 Construction Project...

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Unformatted text preview: 901-948-0681CEE 498 Construction Project ManagementHomework #61. 1)Cinder cone volcano forms in the middle of the jobsite would be an unknown-unknown risk. This is classified as technological because a volcano is a condition of the site. Assuming the contractor has not yet won the bid, a control solution would be risk avoidance. It would be best for the contractor to drop out of the bidding competition.2) Owner declares bankruptcy would be a known-unknown risk. This is classified as organizational because of a lack of proper organization in the company. A good way to avoid this risk would be through risk-sharing especially if the contractor is not in good financial standing going into the project. 3) Jobsite is in the middle of a swamp would be a known risk. This is classified as a technological because the swamp is a condition of the site. Assuming the contractor has not yet won the bid, a control solution would be risk avoidance. It would be best for the contractor to drop out of the bidding...
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Hwk #6 - 901-948-0681CEE 498 Construction Project...

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