Project Risk Register And Analysis For Construction Of Apartment In Calgary

Introducation

Discuss About The Construction Of Apartment In Calgary Risk?

The project mainly deals with the construction of an apartment in Calagary. It is identified that during the construction of an apartment, the project manager faces number of risks as well as challenges. In order to resolve the challenges, the project manager needs to adopt several methods or plan.

Therefore, in this paper, the project risk register is illustrated in order to reflect on various types of risks that the project manager faces during construction. The paper also analyses project risk in order to develop risk response plan for resolving the challenges that are faced during construction of the apartment.

Project phase	Name of the risk Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper	Risk description	Likelihood of the risk (1-5)	Consequence of the risk (1-5)	Nature of the risk	Control measures	Control effectiveness
Initiation phase	1. Incorrect background analysis of the project	If the background of the project is not analyzed appropriately then the stakeholders of the project will face difficulty in understanding the need of constructing the apartment.	3	2	Negative	The background of the project must be analyzed properly.	Low
2. Inappropriate appointment of team members	If the team member who are appointed for the construction project are not effective for completing the project then the project progress can be obstructed.	4	5	Negative	Appropriate appointment of team members	Medium
3. Improper creation of project plan	If the project plan is not created then the project managers will face difficulty in working with the project	3	4	Negative	Project plan must be created properly so that the requirement of the project became clear	Medium
4. Lack of resources	If the resources that are assigned to the project are not appropriate then the project managers are unable to complete the project on time.	3	4	Negative	The resources must be estimated properly and as per the need of the project appropriate requirement must be assigned.	High
5. Lack of proper management	If the management of the organization are unable to manage the project then the project managers will face difficulty in executing the project on time.	4	5	Negative	Proper management must be present for managing the project of construction.	high
6 Extension of the scope of the project	The scope of the project is extended in order to enhance the quality of the project but it enhances both budgets as well as project time.	5	4	Positive	New project scope must be incorporated by managing both budget as well as time.	Medium
Planning phase	1. Inappropriate budget analysis	If the budget of the project is not analyzed appropriately then the organization will face financial problems.	4	5	Negative	The budget of the project must be estimated correctly.	High
2.Inappropriate time analysis	Inappropriate time analysis leads to extension of the project schedule that further enhances the project budget	5	4	Negative	The time that is needed for completing the project must be estimated properly.	High
3. Improper risk analysis	If the risk of the project are not analyzed properly then the project manager will face difficulty in completing the project	4	5	Negative	The risk related with the project must be analyzed properly.	Medium
4. Inappropriate communication plan	If the project does not have appropriate communication plan then the entire project will not be executed on time.	3	4	Negative	Proper preparation of communication plan.	Medium
5. Improper management system	If the management system of the organization is not proper then it is quite difficult to manage the entire project.	3	4	Negative	Proper management system must used for managing the project.	Medium
6. Incorporating features within the project	If the project manager incorporate new feature within the project then the estimated time of the project will extend.	3	4	Positive	Incorporation of new features must be done before the planning phase of the project.	Medium
Implementation phase	1.Inappropriate design	If the design of the project is not completed properly then the project managers will face difficulty in constructing the apartment.	4	5	Negative	The design of the project must be completed effectively as entire project is dependent on the design	High
2. Improper raw materials	If the raw materials that are used are not appropriate the project managers will face problem	3	4	Negative	The raw materials must be selected properly after consulting with the construction engineer.	Medium
3. Technical problems on site	If the site have some technical issue then it is very much difficult to execute the construction project	4	4	Negative	The problems on the site must be resolved.	Medium
4. Inappropriate security	If the workers of the construction project are not provided appropriate security then they will not perform well.	4	3	Negative	Appropriate strategies must be implemented for providing security to the workers.	Medium
5. In appropriate work experience of the workers	If the workers are not experienced then they will not be able to complete the task on time.	4	3	Negative	The workers must be hired with appropriate experience	High
6. Changing workers	The workers must be changed in the organization for managing the work properly but it can extend the project schedule and well as budget.	4	5	Positive	The workers must be changed by analyzing its impact.	High
Closure phase	1. Inappropriate achievement of the outcome	If the project outcome is not achieved then the project will became useless.	5	4	Negative	Appropriate achievement of the project outcome must be done by managing the project properly.	High
2.Need of budget extension	Budget extension can create number of challenges before the organization	3	2	Negative	The budget must be extended after the implementation phase	Low
3. Improper knowledge of the stakeholders	If the stakeholders does not have proper knowledge about the importance of the project then it will be quite difficult to execute the project	3	4	Negative	The stakeholders must be provided proper knowledge about the usefulness of the project	Medium
4. Incomplete documentation	Inappropriate documentation create number of problems before the project managers	3	3	Negative	Proper documentation must be created.	Low
5.Inappropriate execution of the project	If the project is not executed properly then appropriate objective will not be provided	3	2	Negative	Proper execution of the project after estimating both time and budget	Medium
6.Extension of the project	The project must not be extended after the implementation phase	2	3	Positive	The extension of the project must be done before the implementation phase.	Low

Phase	Risk name	Risk factors	Probability	Impact	Control Mechanism
Initiation phase	1.Incorrect background analysis of the project	1. Incorrect analysis 2. Inappropriate information	Low	Medium	1. Proper analysis 2. Proper collection of information
2.Inappropriate appointment of team members	1.Inappropriate selection of team members 2. Improper recruitment	Medium	High	1.Appropriate recruitment 2.Proper experienced workers must be recruited
3.Improper creation of project plan	1. Improper information about project plan 2.Inappropriate creation of project plan	Medium	high	1. Proper creation of project plan 2. Proper information about project I used
4.Lack of resources	1. Inappropriate resource collection 2. inappropriate knowledge about the project need	High	Medium	1. Proper information about the project must be collected 2. Appropriate collection of resources.
5. Lack of proper management	1. Improper management system 2.Inappropriate management strategy	high	High	1. Utilization of proper management strategy
6. Extension of the scope of the project	1. Due to incorporation of new project objective 2. Due to addition of new feature	Medium	Medium	1.Incorporation of new objective must be done effectively.
Planning phase	1.Inappropriate budget analysis	1. Improper budget analysis	High	Medium	1. The analysis of the project must be analyzed properly.
2.Inappropriate time analysis	1. Improper time estimation	High	High	1. Time must be estimated properly.
3.Improper risk analysis	1.Inappropriate risk analysis	Medium	Medium	1. The risk of the project must be analyzed properly
4.Inappropriate communication plan	`1.Improper creation of communication plan	Medium	Medium	1. Communication plan must be created properly.
5.Improper management system	1. Improper system for managing project	Medium	Medium	1. The project must be managed properly.
6.Incorporating features within the project	1. New features are added in the project	Medium	Low	1. New features must be added by estimating both budget and time.
Implementation phase	1. Inappropriate design	1. Improper project	High	Medium	1. Design of the project must be done correctly
2.Improper raw materials	1.Inappropriate collection of raw material	Medium	High	1. Appropriate collection of raw material
3.Technical problems on site	1. Technical difficulties on site	Medium	Medium	1. Technical difficulties must be resolved.
4.Inappropriate security	1. Improper security to the workers	Medium	High	1. Proper security must be provided to the workers.
5.In appropriate work experience of the workers	1. Improper recruitment	High	High	1.Proper recruitment of experienced workers
6.Changing workers	1. Due to inappropriate work progress	High	High	1. The workers are changed after estimating time and budget
Closure phase	1.Inappropriate achievement of the outcome	1. Due to improper project progress	High	Medium	1. Progressing the project properly
2. Need of budget extension	1. Addition of new feature	Low	Low	1. New feature should not be added.
3.Improper knowledge of the stakeholders	1. Improper analysis on the project	Medium	Medium	1.Proper project analysis
4. Incomplete documentation	1. Incomplete creation of document	Low	Low	1.Proper creation of documentation
5.Inappropriate execution of the project	Improper execution	Medium	Medium	1. Proper execution of the project
6. Extension of the project	Due to inappropriate progress of the project	Low	Low	1. Appropriate project progress.

Phases	Risk	Probability of occurring	Impact on objective	Agreed responses	Current status
Initiation phase	1. Incorrect background analysis of the project	Low	Medium	Mitigation	Progress
2. Inappropriate appointment of team members	Medium	High	Mitigation	Progress
3. Improper creation of project plan	Medium	high	Mitigation	Not yet implemented
4. Lack of resources	High	Medium	Mitigation	Progress
5. Lack of proper management	high	High	Mitigation	Progress
6 Extension of the scope of the project	Medium	Medium	Avoidance	Progress
Planning phase	1. Inappropriate budget analysis	High	Medium	Mitigation	Progress
	2.Inappropriate time analysis	High	High	Mitigation	Progress
3. Improper risk analysis	Medium	Medium	Mitigation	Progress
4. Inappropriate communication plan	Medium	Medium	Avoided	Not yet implemented
5. Improper management system	Medium	Medium	Mitigation	Progress
6. Incorporating features within the project	Medium	Low	Acceptance	Progress
Implementation phase	1.Inappropriate design	High	Medium	Mitigation	Progress
2. Improper raw materials	Medium	High	Mitigation	Progress
3. Technical problems on site	Medium	Medium	Avoided	Progress
4. Inappropriate security	Medium	High	Mitigation	Not yet implemented
5. In appropriate work experience of the workers	High	High	Mitigation	Progress
6. Changing workers	High	High	Acceptance	Progress
Closure phase	1. Inappropriate achievement of the outcome	High	Medium	Avoided	Progress
2.Need of budget extension	Low	Low	Mitigation	Not yet implemented
3. Improper knowledge of the stakeholders	Medium	Medium	Acceptance	Progress
4. Incomplete documentation	Low	Low	Mitigation	Not yet implemented
5.Inappropriate execution of the project	Medium	Medium	Avoided	Progress
6.Extension of the project	Low	Low	Acceptance	Not yet implemented

References

Azhar, S., Khalfan, M. and Maqsood, T., 2015. Building information modelling (BIM): now and beyond. Construction Economics and Building, 12(4), pp.15-28.

Bryde, D., Broquetas, M. and Volm, J.M., 2013. The project benefits of building information modelling (BIM). International journal of project management, 31(7), pp.971-980.

Hwang, B.G., Zhao, X. and Toh, L.P., 2014. Risk management in small construction projects in Singapore: status, barriers and impact. International Journal of Project Management, 32(1), pp.116-124.

Kaplinski, O., 2013. Risk management of construction works by means of the utility theory: A case study. Procedia Engineering, 57, pp.533-539.

Kardes, I., Ozturk, A., Cavusgil, S.T. and Cavusgil, E., 2013. Managing global megaprojects: Complexity and risk management. International Business Review, 22(6), pp.905-917.

Kelly, J., Male, S. and Graham, D., 2014. Value management of construction projects. John Wiley & Sons.

Kibert, C.J., 2016. Sustainable construction: green building design and delivery. John Wiley & Sons.

Kikwasi, G., 2013, February. Causes and effects of delays and disruptions in construction projects in Tanzania. In Australasian Journal of Construction Economics and Building-Conference Series (Vol. 1, No. 2, pp. 52-59).

Osipova, E. and Eriksson, P.E., 2013. Balancing control and flexibility in joint risk management: Lessons learned from two construction projects. International Journal of Project Management, 31(3), pp.391-399.

Potts, K. and Ankrah, N., 2014. Construction cost management: learning from case studies. Routledge.

Rowlinson, S., YunyanJia, A., Li, B. and ChuanjingJu, C., 2014. Management of climatic heat stress risk in construction: a review of practices, methodologies, and future research. Accident Analysis & Prevention, 66, pp.187-198.

Serpell, A., Ferrada, X. and Rubio, N.L., 2017. Fostering the effective usage of risk management in construction. Journal of Civil Engineering and Management, 23(7), pp.858-867.

Walker, A., 2015. Project management in construction. John Wiley & Sons.

Zhang, S., Teizer, J., Lee, J.K., Eastman, C.M. and Venugopal, M., 2013. Building information modeling (BIM) and safety: Automatic safety checking of construction models and schedules. Automation in Construction, 29, pp.183-195.

Zhao, X., Hwang, B.G. and Phng, W., 2014. Construction project risk management in Singapore: resources, effectiveness, impact, and understanding. KSCE Journal of Civil Engineering, 18(1), p.27.

Zou, Y., Kiviniemi, A. and Jones, S.W., 2017. A review of risk management through BIM and BIM-related technologies. Safety science, 97, pp.88-98.

Turn in your highest-quality paper
Get a qualified writer to help you with

“ Project Risk Register And Analysis For Construction Of Apartment In Calgary ”

Get high-quality paper

NEW! AI matching with writer

Order an Essay Now & Get These Features For Free:

Turnitin Report

Formatting

Title Page

Citation

Outline

Place an Order