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.

Answer rating: 100% (QA)

Sure heres an outline of a risk management system for the construction project 1 Risk Identification Identify potential risks that could impact the pr... View the full answer