Detailed Risk Assessment Report: Guan Ho Construction Project Analysis

This report provides a comprehensive risk assessment of a building construction project undertaken by Guan Ho Construction Company. It details the project's aims and objectives, including satisfying stakeholders and efficient resource utilization. The report outlines a detailed timing plan with key milestones, analyzes project progress using SMART objectives, and discusses the value realized through effective team dynamics and stakeholder management. It also examines learning outcomes, covering skills in integrated management, resourcefulness, and critical practical concerns in the workplace. The analysis includes roles and responsibilities, stakeholder communication strategies, problem-solving approaches, and the project management hierarchy. The report identifies various risks associated with construction projects and provides recommendations for effective risk management, including the identification and prioritization of risks, and the implementation of contingency plans. The student reflects on their experience, highlighting areas for improvement and outlining the lessons learned about project management, risk assessment, and team dynamics.

UNDERTAKING A BUILDING CONSTRUCTION RISK ASSESSMENT
Student Name
University Name

Table of Contents
An introduction describing the organization, and its business, in greater detail.............................2
A detailed timing plan, outlining the key milestones of the project;...............................................3
A discussion surrounding, any product of value realized by the work;...........................................5
Learning Outcomes..........................................................................................................................6
A self-assessment, in relation to; the overall success of the work.................................................13
A self-assessment of performance, in relation to; each of the 4 learning outcomes;....................18
References......................................................................................................................................19

Project Description
Brief description of the organisation, its business, the management and staff, and a site
layout and description of work place
The project is about building construction activities risk assessment. My role was of risk
management team. The management of Guan Ho Construction Company is successfully in the
assessment of the risk of their project.
Aims and Objectives
The primary aim of the firm is to satisfy all their internal and external stakeholders. It is also
important for the firm to make use all their resources in an effective manner and Guan Ho
Construction is highly successful in this case.
Time table
The total time taken was around 5 months.
Barriers
Yes I faced few challenges at times and it was resolved in a timely manner. I approach my
seniors for resolving all my queries and it was solved effectively. I am grateful to all my seniors
and the entire project management team to resolve my issues and queries in a timely manner.
The organization Guan Ho Construction makes effective resource planning so that full utilization
of resources takes place.
Four learning outcomes

The management of the firm also implements modern version of technology in their respective
projects. Apart from this, all the employees are well directed and well adverse about their roles
and responsibilities regarding the project. In addition to this, the organization also negotiates
with their suppliers before closing the deal. After selecting the best alternative supplier, the
organization Guan Ho Construction closes the deal. However, the organization also takes into
consideration the quality of raw materials given by the suppliers. If the quality of materials is not
up to the mark, then, the firm do not close the deal with that respective supplier. A proper budget
is constructed on quarterly basis and the variances are also measured in order to curtail the
expenses. The next comes project coordinator members who manages all the activities of the
project. These are middle level group of people in case of every project. They play a key role in
communication between upper level and middle level. In addition to this, in case of the firm
Guan Ho Construction, the process of risk management plan takes place via middle level project
coordinators. The last comes field coordinators who are actually workers in case of construction
projects. From this, it can be inferred that the organization manages the hierarchies of control in
an effective manner. From the project, several reflective questions can be answered. They are as
follow:-
• What should or could I have done differently?
I could have interact more and my time management skills would have been better.
• What would I continue to do the same?
I need to learn effective time management skills
• What stopped me from doing this? What have I learnt about myself? (positive and
negative)

The fast delivery of the project stopped me to interact more with the people.
• What did I learn about my current knowledge or level of practise? (strengths and
weaknesses)
I learned about people management, risk management and team dynamics.
• Did the experience achieve any of my learning goals or meet any of my required
competencies?
Yes, the experience have achieved my learning goals and all my competencies are met.
• Anything negative that went badly how would I make sure it doesn’t happen again?
Only time management did not go well. I will learn more to enhance the skills.

An introduction describing the organization, and its business, in greater detail
The organization Guan Ho Construction Company is registered with the Building and
Construction Authority (BCA) of Singapore. The main office of the organization is located in
main office is located at 395/395A Changi road. The company has been in building business for
the last 60 years (Guan Ho Construction Co (Pte) Ltd. 2018).
It has completed over 2 billion worth of projects. The given report will analyze the risk
assessment of new project implemented by the organization. It has been seen that there are many
risks associated with construction project, therefore, it is of utmost importance to prioritize and
manage those risks in an effective manner. Based on this, recommendations will be given and a
reflective report of the project will be prepared.

A detailed timing plan, outlining the key milestones of the project;
Milestone List
Project: Date: 04/01/20xx
Milestone
No.
Milestone Mandatory/Optional Completion
Date
Verification

001 Project Start Mandatory 5/1/2018 Sponsor Approval
002 Complete
Gathering
Requirements
Mandatory 10/1/2018 Sponsor Approval
003 Complete Design
and Risk
Management Plan
Mandatory 25/1/2018 Sponsor Approval
004 Prioritizing the
risks
Mandatory 5/42018 Sponsor Approval
005 Complete Testing
of the risk
management plan
Mandatory 10/4/2018 Sponsor Approval
006 Complete
Implementation of
the plan
Mandatory 12/5/2018 Sponsor Approval
008 Contingency Plan Mandatory 14/5/2018 Approval
007 Project End Mandatory 20/5/2018 Sponsor Approval
Table 1: Milestones of the project
An analysis and description of progress (consider the aims and objectives I set);
The main aim of the report is to assess the risks of the project.

The aims and objectives of the project can be evaluated with the help of SMART objectives.
Specific- The objective is to analyze and assess the risks of the project of the organization. Each
and every stakeholder associated with the risk assessment plan can understand this.
Measurable:- It can be measured with the help of the feedback of the stakeholders. According to
the needs and requirements of the project, the respective milestones have been set. The evidence
of completion can be evaluated with the outcome of the risk management plan (Krajewski,
Malhotra and Ritzman 2015)
Realistic-It is possible for all project team members to complete all the required tasks in a timely
manner and manage the risks within the new project of the organization. The plan is fit into the
overall pattern of work of individuals associated with this project (Glendon, Clarke and
McKenna 2016)
Time bound-The given risk management plan is set to complete within 6 months of the project.
It is feasible to meet this deadline. The next review date will be after 1st four months of the
project. It is also appropriate to do this work of risk assessment at this current stage (Schwalbe
2015).
A discussion surrounding, any product of value realized by the work;
The surroundings of the project was extremely positive as the organization firmly believes on
effective team dynamics while making its large project successful for both short run and long
run. In addition to this, it can be also inferred that the value of importance for stakeholders have
also been realized by the top level management of the organization. It is also important for the

firm to collect all the resources before starting the construction project. These are the values that
are realized by the firm during the project (Sadgrove 2016)
Learning Outcomes
Learning Outcome #1 - Synthesise and demonstrate skills and competencies required for
successful integrated management
The first learning outcome can be evaluated with the help of “Integrated Management”. The first
stage is the planning stage. At the every 1st stage, the selection of project team members were
done. A team of 20 people was constructed including 1 project manager. All the team members
were given separate duties to fulfil the aims and objectives of the project. The given roles and
responsibilities are as follows:-

Who Role
Project Manager  Will manage the day-to-day operational
and tactical aspects of multiple or large-
scale projects.
 Works on client engagements within
practice.
 Reviews high-level deliverables across
projects.
 Stakeholder’s satisfaction.
 Minimizes our exposure and risk across
multiple projects.
 Manages scope and mitigates risk across
projects.
Risk Management Team (10-12 members)  Identification of the various risks
 Categorize and prioritize the risks
 Risk Management Plan
 Contingency Planning
 Review Report
Other team members  Reviewing the project
 Financing
 Collection of resources

Table 2: Roles and Responsibilities of team members of the project
After selection of project team members and defining their roles and responsibilities, it is of
utmost importance to mediate the plan and consult with the stakeholders. Due to this reason, it is
also important to prepare a stakeholder communication plan at the beginning of the project. This
can be further explained with the help of the stakeholder communication plan:-
Stakeholder Communication medium
Customers Direct message/online medium/social media
Suppliers Via mails
Employees Direct message
Table 3: Stakeholder communication plan
The organization Guan Ho Construction Company uses this stakeholder communication plan in
order to communicate with the stakeholders. They have a definite set of measures and definite
communication plan in order to complete any kind of construction project. This makes them
successful in the long. Apart from this, the stakeholder communication plan and risk
management plan goes side by side (Fleming and Koppelman 2016).
Learning Outcome #2 - Displays resourcefulness and initiative in tackling a variety of
practical tasks in an occupational setting
It is also important for the firm to solve their problems effectively and in a timely manner. The
organization uses a 360 degree feedback approach in order to take feedback from their
employees as well as their stakeholders. Apart from this, there are online review systems, from
which Guan Ho Construction can take feedback of the suppliers. This helps the organization to
manage their internal risks and external business risks associated with construction projects. This