IECC Project Management Practice-MSC

Running head: IECC
Project Management Practice-MSC
Name of Student
Name of University
Author Note

IECC1
Table of Contents
Introduction..........................................................................................................................2
1. Evaluation of Risk Management Process........................................................................2
2. Value management in Relation to project.....................................................................18
3. Quality Management Strategy to be used in the Proposed Project................................20
Conclusion.........................................................................................................................21
References..........................................................................................................................23

IECC2
Introduction
Risk management in project management can be indicated as process that ensure that the
potential problems and issues in the project are minimized or eliminated. In project management
there are certain planned phases of risk management. The key processes involves identification
of risk, analysis of the risk, evaluation of the risk, risk treatment, monitoring and review of the
risk.
As a project management consultant it is integral to recognise and manage the key risks
in the project so that certain viable solution to mitigate and manage those risks can be identified.
The undertaken project deals with development of an “Innovative Engineering and Construction
Centre” (IECC), to be located along side M61 corridor in Greater Manchester. It is considered to
be an integral construction project and involves critical construction process. Hence it is of
foremost necessity to address the risks that can affect this undertaken construction project. Along
with that, the project owner, NWSA requires the project to achieve an excellent BREEAM
environmental rating and therefore, management of the environmental risks related to the project
becomes a necessity. In the following paragraphs, the environmental influence of the undertaken
project is evaluated to identify the critical risks and issues that can hamper the normal execution
of the project. The report focuses on the risk management procedure along with critical analysis
of value management. The report further provides a clear reference of “Juran Trilogy” of quality
management to develop and effective quality management strategy for the proposed project.
1. Evaluation of Risk Management Process
According to Serpella et al. (2014), evaluation of the risk management plan in every
stage of project execution is needed at an early stage to help the project team to discover the

IECC3
project flaws efficiently. It is integral to recognise the key risk and conduct the risk management
at an initial stage of project management to ascertain that the no issues arise in the execution
stage (Zou, Kiviniemi and Jones 2017). Risk is a amalgamation of the frequency of occurrence
of a particular hazard and its magnitude of occurrence in an undertaken project. One of the key
causes of project failure is inadequate risk management along with improper team and
stakeholder management. It is essential to manage a project risk to support decision making and
minimize the uncertainties in the project (Vidivelli and Surjith 2014). To analyse the potential
threats linked with the Innovative Engineering and Construction Centre project, a risk register is
prepared that documents the major risks that can hamper the normal execution of the undertaken
project.
The undertaken IECC project aims in achievement of excellent BREEAM environmental
rating and therefore, the project needs to follow a planned risk mismanagement process to
identify the impact of the project on environment.

4IECC
Problem Identification Initial Assessment Prevention Resultant Assessment
Item Number Potential Risk Description of
the Potential
Problem
Probability
Severity
Initial Score Preventive
Action
Who
When
Probability
Severity
Risk Score
1 Quality Risk There is no
clear plan for
quality
management
for the IECC
project that
give rise to this
threat
4 5 20 A clear
strategy of
quality
management is
to be
established
with reference
to Juran
Trilogy to
reduce this risk
The quality
management
plan is
established by
the Quality
control
manager and is
accepted by the
project team.
Pre
contract
1 2 3

5IECC
2 Communication
Issue
There is no
clear
communication
plan set among
the client,
project owner,
contractors and
sub-contractors
that will create
a
communication
gap among the
team members.
4 4 16 A realistic
communication
plan is to be
developed that
will be used by
all the project
team members,
contractors and
suppliers to
carry on the
necessary
communication
A formal
communication
plan is
developed by
the project
manager and is
accepted by the
team members
Planning
Phase
2 2 4