Establishment of an Organizational Risk Management Framework | Report

Establishment of an organizational risk management framework

Contents
Introduction................................................................................................................................2
Section 1: Analysis of 7W’s for the construction project..........................................................2
Section 2: Analysis of maturity level for the organization........................................................3
Section 3: About risk management framework..........................................................................4
Section 4: Analysis of contractual instrument...........................................................................5
References:.................................................................................................................................5

Introduction
In this paper, it is focused for defining risk management framework on the construction
operations performed for development of toll road by the Apha construction company in
Indonesia.
Section 1: Analysis of 7W’s for the construction project
Investigation of Toll road project helps in evaluating the 7W’s associated with the
construction project which helps in implementing risk management plan in an effective way.
It is highlighted in the table below:
7W’s Particular Risk Identified
Where Site Location Ignorance to site condition
Changes in weather and climate
Government control on site
location
Legal obligations imposed by
government on site location
Who Project Manager and
construction team
Poor designing of project
schedule
Poor cost management program
Inadequate availability of
labour
Poor designing of construction
work (Cousillas, 2010)
Why Requirement specification plan Difficulty in minimizing legal
obligations on site location
Change in project requirement
plan
Inadequacy in developing
effective project plan
What Project activities Ineffective project schedule