Risk Management Report: Glasgow Science Centre Tower Project

Running head: RISK MANAGEMENT REPORT: - GLASGOW SCIENCE CENTRE TOWER PROJECT
Risk Management Report: - Glasgow Science Centre Tower Project
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RISK MANAGEMENT REPORT: - GLASGOW SCIENCE CENTRE TOWER PROJECT
Table of Contents
1. Introduction..................................................................................................................................3
2. Risk Identification and Assessment.............................................................................................3
2.a Risks in (GSCT) Project and its Impact.................................................................................3
2.b Risk Register..........................................................................................................................3
2.c Risk Matrix............................................................................................................................3
3. Risk Management and Reporting................................................................................................3
3.a Risk Response Strategies.......................................................................................................3
3.b Communication Plan.............................................................................................................3
4. Conclusion...................................................................................................................................3
5. References....................................................................................................................................3

RISK MANAGEMENT REPORT: - GLASGOW SCIENCE CENTRE TOWER PROJECT
1. Introduction
This report aims at identifying the proper and effective risk management strategies those
could be helpful in enhancing the performance of this project. For the successful delivery of the
project, it is important to consider all the sides of the project and estimate the risk at the prior of
the project execution. This report aims at the identification of the risks within Glasgow Science
Centre Tower Project (GSCT) and provides better and appropriate mitigation approaches for the
delivery of the project. A risk register along with the risk severity matrix has been proposed in
this report considering the risk prioritization.
2. Risk Identification and Assessment
2.a Risks in (GSCT) Project and its Impact
Technical Risks: The tower was designed to be of ten times taller than the size of its base
however; the project was delivered only six to seven times as the size and breadth of its base.
The base was prepared considering the ten times height and the expense was made accordingly
(Radmi et al. 2018). Dewatering, soil pouring and the construction of the project not only
consumes lots of time but also consumed extra budget and hence, the efficiency was decreased to
some level affecting the output of the project.
Schedule Risks: There was not any identification and consideration of the schedule risk
during the development and planning of the project and hence, affected the overall growth. The
dewatering process and liquefaction process had consumed more time than the expectation and it
should be considered prior delivering the project (Walker 2015). Not setting feasible milestones
and activities under the estimated development of the project t could led to the delivery of the