Course Hero Logo

ASSESSMENT_001_PROJECT.docx - ASSESSMENT...

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 3 out of 9 pages.

ASSESSMENT BSBRSK501ASSESSMENT 1 –PROJECTThe risk management process is a charter for the actions that need to be taken in case of occurrence ofrisk. There are about five basic steps that are taken to manage risk; these steps are referred to as the riskmanagement process. It begins with identifying risks, goes on to analyze risks, then the risk is prioritized,a solution is implemented, and finally the risk is monitored. In manual systems each step involves a lot ofdocumentation and administration.In this case we are going to develop a risk management plan for the construction of a domestic house.This may include several factors of risk and its management in regards of a construction ofhouse.A Detailed Stakeholder AnalysisStakeholders plays a vital role in any project in risk assessment it is mandatory to look after concerns ofall stakeholders to keep the project running smoothly. Consult with internal and external stakeholders atevery step of the risk management process. In this way, you can be sure everyone understands why aprocedure has been put in place and takes the identification and management of risks seriously (AspireTraining & Consulting, 2017), as in the construction of domestic house following are the key stakeholders;Client/ Investor:Client is one of the main stakeholder, client is a person for whom the project is carried out, in this caseclient is to invest in this project also so that he became client and investor, usually client and investor aretwo different stakeholders but in domestic construction both are the same. Client is the one who have theauthority to approve or reject the designs and protocols in the construction. If the client does not have theconstruction expertise, they can rely on advice of professionals.Project Manager/Construction Manager:Project managers or in this case construction manager have the responsibility to look in to all aspects ofbuilding, working closely with all the engineers, architects, contractors and regulatory authorities, theylook after labors works, their health and safety, cost of goods, working pace, on site issues and such otherthings, in other words project manager is on site pivotal point of succession of any project (Wong, 2019).Site supervisor:Site supervisor work is to generally supervise and manage of the construction site, it’s the responsibilityof supervisor to assess hazards and risks, conduct inspections and make sure work should progressing.Engineers:Engineer duty is to develop construction plans, develop construction projects look after engineeringprocess and draft technical support documents
ArchitectsThey are responsible for the visual appearance of the building and structures, they design the concept ofthe construction according to the requirements of the client. Keeping them within the safety laws andregulations imposed by the governing bodies (Mishra, 2019).

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 9 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
N/A
Professor
Eldar Smith
Tags
Project Management, risk management process

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture