Question: The project team created a comprehensive risk register to build communal lavatories in 1 4 5 public parks in Vancouver to manage the possible risks
The project team
created a comprehensive risk register to build communal lavatories in
public parks in Vancouver to manage the possible risks during the project. The register
outlines various risks across different categories such as construction, labour, budget, desig
n
permitting, skills, equipment, supplies, weather, quality, scope, health and safety, supplier
reliability, planning, legal, political, workforce, etc.
Each risk is assigned an ID categorized, described with potential consequences, assessed for
probability and impact, evaluated for severity, and provided with a risk owner and mitigation
plan.
Here's a summary of some of the key risks identified:
Risks associated with construction:
An unexpected
site circumstances, a labour
shortage, broken equipment, bad weather, and scope creep can all cause delays and
higher expenses.
Financial risks:
Excessive spending, inadequate financing, and erratic economies could
burden finances and halt the project.
Environmental and regulatory risks
: Fines, delays, and legal challenges may arise from
ecological damage, non
compliance with rules, and accessibility concerns. These factors
may also give rise to legal and public relations issues.
Risks relating to stakeholders
: Project disruption and delays could result from
challenges with collaboration, poor communication, and stakeholder dissatisfaction.
Health and safety risks:
Neglecting correct health and safety procedures could result in
accidents, legal issues, and project delays.
Supply chain and procurement risks:
Suppliers' unreliability and material delivery
delays might extend the construction timeline and increase expenses.
Security and legal risks:
Breaches in data security, disagreements over contracts, and
political intervention could result in legal complications and harm to the project's
reputation.
Workforce
related risks:
Turnover, lack of essential skills, and coordination issues
within the team could cause delays and skill loss.
The plans to reduce risks listed in the register include watching project schedules, ensuring
enough staff, controlling spending carefully, following environmental rules, talking openly with
stakeholders, checking quality often, and ensuring everything fol
lows the rules.
Overall, the risk register gives a structured way to find, look at and lessen risks in the
project. Furthermore, it helps for better management and contingency planning throughout its
execution. generate RBS to create categories
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