Risk Management Name of the Student Name of the University 2 RISK MANAGEMENT Introduction 3 1. Risk Management in different Project Delivery Methods

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

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RISK MANAGEMENT
Table of Contents
Introduction................................................................................................................................3
1. Risk Management...................................................................................................................3
2. Risk management in different project delivery methods.......................................................6
Conclusion................................................................................................................................11
References................................................................................................................................12

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Introduction
In the market of design build, the responsibility and roles of contractors, designer and
owner often crossed several lines which must be prioritized among all involved parties and
attentions must be given to how liability is shared among all (Kerzner and Kerzner 2017).
According to many experts, there are several significant liability issues involved with the
design build process. Therefore, it is very important to comprehend how the risks of design
build altered from those of design build in order to identify the risk of project equality.
Generally, owners are often elect the design build cause the responsibility is one entity
centric and it also offers fast tracking. The main reason for elect such approach is owners
does not need to involve into the specifications. The drawback is the design builder who were
associated with the contractor has the responsibility for delivering a constructed and facility.
Finally, the contractors are not responsible for any aspects of the project as well as the
performance and design (Fleming and Koppelman 2016). As a result, contractors are growing
their responsibilities significantly, additionally increasing their professional liability
exposures. Moreover, the engineers and architects must comprehend that they are no longer
employed for the owner, but for the builder/designer who has putative the project underneath
a piece sum organisation.
1. Risk Management
Risk Management has been an important part of any project that came into light. Risks
are involved at each and every step of processes in the project. Risk management processes
have been helping in providing various strategies in order to identify and analyze risks
involved in the project (Harrison and Lock 2017). Various construction projects have been
possessing a lot of risks in due time. However, each and every construction project has been
different from each other with different strategies. Therefore, risks have been also different

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for each of the projects. The project lead used to select project delivery system for each of the
project and consult with the project members. A proper consultation with the project
members help in proper distribution of project deliverables to the client (Walker 2015). The
selection of delivery system has been depended on the operations of the organizations
including expertise knowledge, local jurisdiction and laws and overall delivery scheme.
Design-Build method has been increasing iuts popularity as perfect solution for
addressing different types of limitations in the methods. These type of systems have been
providing single managerial methods for both construction and design interface. The design
interface needs to be properly done in the due course as construction has been depended on
the design section of the project (Nicholas and Steyn 2017). The aim of the building project
has been totally depended on the initiation of construction in order to maintain a proper
approach towards the construction of building within deadline. The project delivery system of
the company needs to be aware of the design interface of the construction project as it has
been the most important part of the construction. Simplification of managerial interface has
been helping in designing the change in the planning steps of the company (Fuller et al.
2017). The delay in delivery of projects can be maintained by proper planning methods
applied in the project.
By showing a schematic chart of risk allocation from the point of view of risk
management, Iweeds, showed organization conveyance frameworks being viable techniques
for risk that permit the exchanging and sharing of risk (as appeared in Figure 1). Some
ongoing examinations that created to help organization supervisors in choosing project
delivery systems. Gordon adjusted the strategy for crossing out, by the evaluation list of
schematic chart framework selection, to evacuate those non-acclimating organization
conveyance frameworks and keep the proper ones (Verzuh 2015). Spink, partitioned the
contemplations for organization conveyance framework choice into two gatherings, with one