ASSESSMENT_001_PROJECT.docx - ASSESSMENT...

ASSESSMENT BSBRSK501ASSESSMENT 1 –
PROJECT
The risk management process is a charter for the actions that need to be taken in case of occurrence of
risk. There are about five basic steps that are taken to manage risk; these steps are referred to as the risk
management 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 of
documentation 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 Analysis
Stakeholders plays a vital role in any project in risk assessment it is mandatory to look after concerns of
all stakeholders to keep the project running smoothly. Consult with internal and external stakeholders at
every step of the risk management process. In this way, you can be sure everyone understands why a
procedure has been put in place and takes the identification and management of risks seriously (Aspire
Training & Consulting, 2017), as in the construction of domestic house following are the key stake
holders;
Client/ Investor :
Client is one of the main stakeholder, client is a person for whom the project is carried out, in this case
client is to invest in this project also so that he became client and investor, usually client and investor are
two different stakeholders but in domestic construction both are the same. Client is the one who have the
authority to approve or reject the designs and protocols in the construction. If the client does not have the
construction 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 of
building, working closely with all the engineers, architects, contractors and regulatory authorities, they
look after labors works, their health and safety, cost of goods, working pace, on site issues and such other
things, 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 responsibility
of 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 engineering
process and draft technical support documents

Architects
They are responsible for the visual appearance of the building and structures, they design the concept of
the construction according to the requirements of the client. Keeping them within the safety laws and
regulations imposed by the governing bodies (Mishra, 2019).