Project Risk Management

This article discusses project risk management, stakeholders, assumptions, and scope in construction project management.

Running head: PROJECT RISK MANAGEMENT
Project Risk Management
Name of the Student:
Name of the University:

1PROJECT RISK MANAGEMENT
Project stakeholders
The stakeholders identified for the project are
 DPTI workshop
 DPTI electrical workshop
 Finder Link
 Jacobs Group (Australia)
 O’Rourke Australia Construction Pty Ltd
Project assumption
This project depicts the design and development of an Elevated walkway, which is
designed and documented by the Finder Link Detailed Design Company. The project is aimed to
make extension of the Tonsley line from the Finders terminus station. It has been assumed that
the project will be accomplished within the assigned timeline and the estimated budget of $8.5
Million (Sears et al. 2015, p.216). The relevant designs are also prepared accurately to make the
construction appropriate at the very first attempt. Before initiating the project the sire is also
assessed very accurately to avoid future construction level risks. CCTV cameras will be installed
at the mounting height to avoid any type of risks and potential issues. It has been assumed that
the safety assurance statement will ensure the safety of the workers and other associates during
the construction life cycle period (Ogunde et al. 2017, p.9). Apart from this it is also assumed
that if the contractor implements the project as per the two piled substructures designed to
implement the project successfully.

2PROJECT RISK MANAGEMENT
Project scope
The Federal and state government are assigned for completion of the Flinders Link
project. The initial scope of the project is to accomplish the design and structure in terms of
expansion of Tonsley Railway line to the flinders Medical center within the estimated budget of
$8.5 Million and time phase (Saunders et al. 2017, p.508). The scope of the project is to address
the designs that are already completed which are approximately 75% of the entire project. The
design of the project is related to structural, civil as well as MEP design for successful
completion of the elevation walkway. Apart from this, the package designs are also needed to be
reviewed appropriately.

3PROJECT RISK MANAGEMENT
Bibliography
Fewings, P. & Henjewele, C 2019. Construction project management: an integrated approach.
Routledge.
Ogunde, A., Olaolu, O., Afolabi, A.O., Owolabi, J. & Ojelabi, R.A 2017. Challenges confronting
construction project management system for sustainable construction in developing countries:
Professionals perspectives (a case study of Nigeria). Journal of Building Performance, 8(1),
pp.1-11.
Saunders, P., Gharaie, E., Chester, A. & Leahy, C 2017. Improving the student experience with
learning analytics in construction project management courses. EPiC Series in Education
Science, 1, pp.505-515.
Sears, S.K., Sears, G.A., Clough, R.H., Rounds, J.L. & Segner, R.O 2015. Construction project
management. John Wiley & Sons.