Question: Develop a risk management system for a project currently running on the construction of a road between Gauteng and Mpumalanga. You should identify five risks

Develop a risk management system for a project currently running on the construction of a road between Gauteng and Mpumalanga. You should identify five risks and compute them in the risk management system. More details about the project are given below:

  • The project started in January 2023 and is anticipated to be completed in June 2023.
  • This is a government project funded jointly by the African Development Bank and the South African government.
  • The project has a budget of R500-million.
  • The project is implemented by a private construction company that won the tender.

The private company has two years' of experience in the construction industry and one of the reasons for winning the tender was empowerment.

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