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5 mishra g 2019 roles and responsibilities of

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5.Mishra, G., 2019. Roles and Responsibilities of Architect in Construction. [Online] Available at: -construction/18511/ [Accessed 5 october 2019]. 6.Wong, M., 2019. 8 Construction Project Manager Responsibilities. [Online] Available at: [Accessed 5 october 2019].
ASSESSMENT RESOURCES BSBRSK501 ASSESSMENT 2 ASSESSMENT 1 PROJECT Introduction 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 (Duden, 2018). In this case we are going to develop a risk assessment plan for the home construction company. This may include several factors of risk and its management in regards of a construction of house. Stakeholder 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. In a newly startup house construction company. Following are the stakeholders; Client Investor Construction manager Supervisor Engineers Architects Contractor Supplier Regulation Authorities
Risk Context Establish the current conditions in which the organization operates in an internal, external and risk management context. There are different types of risks that may encounter during construction project, which may contain; Property centered risks Such risks include poor construction of the homes, use of low quality material, the area might be dangerous and infamous for illegal activities or poor assessment by the architect in utilization of the land. Operational centered risks In a startup, operational risks are considered as the highest risk occurrence field, as it is the most venerable part when you are new out there, supplier issues may occur as a new company, finding a good supplier, financial management, delay in contracts etc. are some of the operational risks that may occur Legislation centered risks As a new company legislative issues occurs in terms of taxations, returns filing, maintaining health and safety measures according to the rules. Failing to fulfil will end up with penalties and restrictions.

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