Construction Project Management: Risk and Safety Management

Running head: CONSTRUCTION PROJECT MANAGEMENT
Construction Project management (Risk and Safety management)
Name of the Student
Name of the University
Author Note

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CONSTRUCTION PROJECT MANAGEMENT
Table of Contents
Introduction..........................................................................................................................2
1. The identified project Risks.............................................................................................2
2. Risk Assessment..............................................................................................................4
3. The risk mitigation approach for the identified risks.......................................................6
4. Potential Supply Chain Vulnerabilities...........................................................................7
5. Planned Risk and Opportunity management Principle....................................................8
Conclusion...........................................................................................................................8
References............................................................................................................................9

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CONSTRUCTION PROJECT MANAGEMENT
Introduction
A risk and opportunity report is to be prepared for a special purpose vehicle/consortium,
which is a consortium of multiple private companies who built and operate prisons and the other
public service buildings. The latest project of the client is to design, construct and operate a 1000
cell prison for accommodating male, female and the juvenile detainees who will be serving a
custodial sentence of over 3 years. The designing of the prison involves, demolition of derelict
industrial or farm building on the site, upgrading a 3km track to form a highway for accessing
the roads and corridors of utility provision. The project will also consider the initial security
consideration as well. The report gives an overview of the risks and opportunities associated with
the project. The key project risks and opportunities are identified and the mitigation approaches
for the identified risk is suggested in the report (Harris and McCaffer 2013). The report further
evaluates the potential supply chain vulnerabilities and planned risk and opportunity
management principle in the report. The different risks associated with this project are elaborated
in the following section.
1. The identified project Risks
The scope of the project is clear, however, there are major risks associated with the
project. The risks are identified from the various perspectives, which include the business case,
commercial, program, health and safety risks (Loosemore et al. 2012). The major risks
associated with the project with the project are as follows-
1. There is a certain health and safety risk associated with the demolition of derelict
industrial and farm buildings resent on site. Although the demolition works will be done on
according to the project plan, it is essential for the management team to ensure proper safety of

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CONSTRUCTION PROJECT MANAGEMENT
the workers. Since the site is particularly large, a considerable amount of time is needed to be
allocated for this demolition work (Zhou, Goh and Li 2015). Choice of skilled labours is a major
opportunity for the project team for improving the process of project implementation.
2. The excavation is to be done by ensuring proper security measures. However, there are
certain technical risks associated with the demolition works on the site as the site is located in a
remote rural location where it is difficult to transfer the modern machineries. Furthermore, the
land is in the area of former coal mines. Since there has been no site investigation till date, there
is a possibility for the project to face these technical risks (Walker 2015). The remote location of
the site adds to the difficulty level of excavation and development of the new prison.
3. Apart from the safety risks of the labours, the project might face the risk of resource
shortage since it is quite difficult to get labourers who will be ready to work in such adverse
conditions.
4. There is a considerable amount of financial risks associated with the project. Since the
site is located in a remote location and is very difficult to access, it is quite possible that the cost
of transport of the materials and cost of hiring the labourers and workers exceed the cost that was
predetermined for the same task.
5. The project plan includes separate demolition contract and the main work contract. The
separate demolition contract and the main work contract can result in the difference in the
opinion among the two contractors resulting in a schedule risk (Kerzner and Kerzner 2017). The
demolition contract will be followed by the main work contract and any delay in the demolition
work can result in the delay of the entire project. Therefore, the project is expected to involve a
schedule risk.