Project Risk Management Report: Auckland, New Zealand Project

This report examines project risk management within the context of a sustainable house construction project in Auckland, New Zealand. It identifies various types of risks, including hazards, equipment theft, and labor shortages. The report also explores potential project constraints, such as funding limitations, transportation delays, and poorly defined contracts. To mitigate these risks, the report suggests strategies like on-the-job training, the use of accounting software, and the implementation of new technologies, including Building Information Modeling (BIM) to address weather-related challenges. The report emphasizes the importance of proactive risk management to ensure project success.

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RISK MANAGEMENT

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Types of project risk
There are various types of risk which involve in building sustainable house in Auckland
New Zealand which includes hazardous and threats which results in increasing the accidents of
the workers and injuries. It is most common in New Zealand because of performing dangerous
activities in building house in New Zealand (Ostrom & Wilhelmsen, 2019). The other risk
involve is damaging and theft of the tools, equipments and materials which leads in increasing
the cost and expenditure of the project. The estimation describes that shortage of employees in
the project is also increased in Auckland New Zealand because of lack of expertise and less
number of employees in building sustainable house. To mitigate the risk project team can adopt
the strategy of adopting software it is because through this teams can manage tasks and overall
procedure in more efficient manner (Thieken, et al., 2016).
Possible constraints within project
There are some possible constraints in building sustainable house of Auckland New
Zealand includes lack of funds in which risk of employing workers, installing tools and effective
management of materials become difficult. The other constraints are the delay in transportation
in New Zealand because of disaster which increases other risk such as poor management of
project, increasing issues with the suppliers as well as subcontractors (Falter et al., 2016). Some
more possible constraints in building sustainable house can be wrongly written of the contracts in
which lack of understanding site conditions and scope is poorly defined is the risk involve in the
project. Lack of safety is also the constraints which involve through which shortage of
employees will be increased in the project.
Risk management strategies
These risks will be managed by providing training to the employees that is on-the-job-training
support the employees to understand the use of particular machines so that risk will be
minimized. The teams can also use accounting software because through this team can prepare
the documents to reduce the issues and support the team to reduce cost and wastage. Further, the
team can install new technology and methods so that risk of hazardous will be reduced, the team

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can also use “Building information Modeling (BIM) to identify and deal with the risk of bad
weather in Auckland New Zealand (Thieken, et al., 2016).

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References
Falter, D., Dung, N. V., Vorogushyn, S., Schröter, K., Hundecha, Y., Kreibich, H., et al. (2016).
Continuous, large‐scale simulation model for flood risk assessments: proof‐of‐concept.
Journal of Flood Risk Management , 9 (1), 3-21.
Ostrom, L. T., & Wilhelmsen, C. A. (2019). Risk Assessment: Tools, Techniques, and Their
Applications. Hoboken: John Wiley & Sons.
Thieken, A. H., Kienzler, S., Kreibich, H., Kuhlicke, C., Kunz, M., Mühr, B., et al. (2016).
Review of the flood risk management system . Ecology and Society , 21 (2).