Risk Register, Stakeholder Analysis and Project Management: SPB Report

This report provides a detailed analysis of the Scottish Parliament Building (SPB) project, examining its project management strategies, risk register, and stakeholder analysis. It explores the project's scope, design, and the significance of its various components, highlighting the factors that contributed to immense cost and time overruns. The report delves into the technical, financial, and socio-political risks associated with the project, offering mitigation strategies to minimize potential issues. It also analyzes the roles of various stakeholders, including managers, regulators, and advisors, in managing economic risks. Furthermore, the report emphasizes the importance of contract planning and administration to reduce project risks. By investigating the SPB project's complexities, the report aims to provide valuable insights for future construction projects, emphasizing the need for effective risk management and stakeholder engagement.

Running head:PROJECT MANAGEMENT IN CONSTRUCTION
Project Management in construction
(Scottish Parliament Building)
Name of the student:
Name of the university:
Author Note

1PROJECT MANAGEMENT IN CONSTRUCTION
Executive summary
The following report demonstrates a risk register that is helpful for SPB or Scottish Parliament
Building in Scotland. It is a popular construction initiative and its project management, scopes, sizes
and designing are analyzed. Further, various types of immense overruns and cost and time of the
project is also analyzed. Further, the main problems are also understood for future projects.

2PROJECT MANAGEMENT IN CONSTRUCTION
Table of Contents
1. Introduction:......................................................................................................................................3
2. Risk register of current management strategies at SPB:....................................................................3
3. Understanding scopes, size and significance of design:....................................................................6
3.1. Reflecting on the current design:................................................................................................6
3.2. Critical risks where the design, procurement and management would be subjected:................8
3.3. Means to minimize project risks:................................................................................................9
4. Analyzing the subject to immense cost and time overruns:............................................................13
4.1. Understanding time and cost overruns:....................................................................................13
4.2. Understanding data collection and analysis:.............................................................................15
5. Risk in SPB (Scottish Parliament Building)....................................................................................16
6. Conclusion:......................................................................................................................................21
7. References:......................................................................................................................................22

3PROJECT MANAGEMENT IN CONSTRUCTION
1. Introduction:
The commissioning, development, procurement and origin of SPB or Scottish Parliament
Building in Scotland, is a well documented initiative in current era. Further, it has been one of the
most problematic cases.
In order to analyze various risks, a register is devised here for employing to prevent
mitigation of different stakeholders coming from various interests and powers. Next, the importance,
size and scope of the design are investigated. The, the study demonstrates why there has been
immense overruns in time and cost for the project. Lastly, the primary problems in SPB are
understood here that is helpful for future projects.
2. Risk register of current management strategies at SPB:
The following risk register of management techniques are to be employed at SPB. This is to
prevent migrating of different stakeholders.
Ris
k
Id.
Risk Description Mitigation Plan
(what to do to
avoid the risk
occurring)
Contingency Plan
(what to do if the
risk occurs)
Impact (what
the impact will
be to the
project if the
risk occurs)
Likeliho
od of
occurre
nce
(e.g., %,
or high /
medium

4PROJECT MANAGEMENT IN CONSTRUCTION
/ low)
1 Technical risks:
These risks includes
that has restricting
SPB from
developing products
needed by their
clients.
There should be
finding of risks that
has been most
likely affecting
projects and risks
that are needed to
be documented and
important on the
same way.
Here, the risks has
been occurring in
changes in project
requirements and
scopes and there
are designing of
omissions and
errors.
This has been
including
uncertainties of
various
resources along
with
availability of
materials,
improper site
analysis and
insufficient
designs
High
2 Financial risks:
There is availability,
social taxes and
inflations along with
fluctuations in
various foreign
exchanges that re the
probable economical
risks. This has been
occurring in SPB.
This should include
planning and
quantification.
Further, there must
be anakysis of risks
to be done carefully
and determine
effects that those
risks have been
possessing on
Since, they have
been working on
the project
globally, it has
been vital to make
sense of the
foreign currency to
get exchanged.
Besides, taxes
are to be
considered by
SPB, before
they begin the
project. These
finances have
been going to
look at various
aspects that are
Medium

5PROJECT MANAGEMENT IN CONSTRUCTION
. occurrences. to be worked in
Scotland.
3 Socio-political risks:
There have been
various customers
and restrictions to
import various types
of complexities. This
has disposed tools
that are consisting of
socio-political
issues. These are
faced during the
construction project
of SPB.
Response control
and monitoring is
the smartest step
here. Here the risk
responses are to be
monitored. Here,
the risk controlling,
monitoring,
effectiveness and
milestones are to be
considered for
various activities of
risk management.
Here depending on
where the projects
have been placing,
there are various
codes and
regulations that
should be
followed.
Every project
must have same
regulation and
codes. However
considering this
can be a rude
awakening.
Low
First of all the key players include the managers. They must include investment funds that are
hedging risks. They must perform risk management through market based techniques and solutions.
Here the main objective is to assure and develop enterprise values and investments through denoting

6PROJECT MANAGEMENT IN CONSTRUCTION
economic risks. These are related to cash flows, liabilities, resources, costs and revenues. Next, there
are regulators. They have been overseeing economic markets, promoting efficiencies, fairness,
transparencies and participants. However, they have been favoring volatility and stability. Thus they
have been promoting the confidences in markets and operations. Further, they have been trying to
lessen that volatility in whatever way it could be possible. This has depended in kinds of regulations
that are imposed. Further, they have been unintentionally heightening volatility through blocking and
slowing forces of natural markets that has been counterbalancing volatile situations. Here, the
advisors have included economic institutions, economists, consultants and fintech companies. These
roles have been providing economic risk management advices, services and products for analyzing
managers. It has uncovered every kind of economic and related markets with instruments in the
primary and secondary markers, along with derivative and physical markets.
3. Understanding scopes, size and significance of design:
3.1. Reflecting on the current design:
The various scopes, sizes and importance of the design are illustrated below.
Aspects of design Discussion
Scopes The scope has never been sufficed for SPB. Here, a whole chain of phases
are needed for feeding to end product. The chain has needed to consider
high levels and detailed levels. This is to pick out particular sectors
sustainable to construction area. Thus through these areas, the quantity of
construction sector has contributed to economy. This has been in terms of
calculated GVA. At Scotland, this has been about 20% and greater figure
than prior estimations of 6% of narrow definition and 10% for the wider

7PROJECT MANAGEMENT IN CONSTRUCTION
one (Sears et al., 2015). Besides, SPB had contributed more to that. This is
also helpful for sustainability, stability and growth. This can be done
through improved infrastructure and deploying security, health and
environmental regimes.
Size The overall magnitude of those components of work has been depending
in location, size and nature of project and managing organization. Here, the
owner has been interested to acquire least possible cost of projects
consistent with objectives of investments. This is vital for construction
managers of SPB and design professionals for the highest element of
capital cost. Here, land costs the major expenditure to create the high
density urban sectors (Mubarak, 2015). This has included construction of
financing. This has been reaching the similar magnitude as the cost of
construction in huge projects.
Importance The designing of support services and pre-construction are primary
elements of master builder processes. Here, collaboration with construction
and design teams has started on the proper path to reward and construct the
project successfully. The sketching part would highlight the arrangement of
rooms and aspects within the room (Kwakye, 2014). Moreover, the design
development also includes a more detailed plan of floor and locating where
all doors and windows in the room are present, showing drawings of
elevations. Then there is construction of documents that shows a more
detailed plan. This has displayed the exactly thickness of windows and
doors with materials (Chin & Hamid, 2015).

8PROJECT MANAGEMENT IN CONSTRUCTION
3.2. Critical risks where the design, procurement and management would be subjected:
During project planning of SPB, the risks are not certain. However, there are risks that are
planned to take place. They are needed to be dealt with, that is demonstrated through the following
risk register.
Risk likelihood Discussion Risk
consequence
Risks to be
avoided
These are the best things. This can be prevented from
occurring and never hurt the project. The most effective
method to do away with the risk is to walk away from cliff.
However, this is not any option on the project
High
Risks to be
mitigated
This can be done through mitigating it. It indicates the
considering any kind of action causing to it
Low
Risks to be
transferred
This might be doing a little damage to the project as
possible
Low
Risk to be
accepted
As the risks can be avoided or cannot be transferred, it
becomes complicated to accept that. However, as the risks
are accepted they can look as alternatives and know what has
been happening as it has been occurring
Medium
As one is able to avoid risks, there is nothing to decrease the effect. Here the only way is to
accept the choice. As the time when the risk takes place, it becomes late to perform anything to it.
This is the reason why plan for risks are needed. This take place from the beginning and can be
coming back to perform more planning around the project. The plan of risk management confirms

9PROJECT MANAGEMENT IN CONSTRUCTION
that how one can control the risk in the project. This must be documenting the risks to be analyzes
with the people who are liable for performing that. This also refers who has been planning the risks
(Oakland & Marosszeky, 2017). As the risks are technical, various elements have been turning to be
complex to use. As they are external, the market changes and problems in weather are also big
challenges. This is vital to come up with principles for find out how complex the potential effect of
risk has been. Here, the effect reveals how much harm is done for the project. Various projects have
been classifying the effects on scale from minimal to serve from low to high. This plan of risk
management has been scaled to figure out the possibility of risk. These risks are highly important,
whereas the others have not been (Wang et al., 2014).
3.3. Means to minimize project risks:
The project managers can undertake various measures to decrease the risk of projects that are
determined.
The means Description Justification
Contract
Planning or
taking time to do
the right thing
Here, the most significant issue
that is witnessed by project
managers is to hire contractors.
They are the largest barriers
around the complete project. At
many times, the SPB has
required to begin quickly as the
contract is signed (Banihashemi
et al., 2017). Since SOB has not
updates the list of prequalified
This is needed to define what exactly has
been contacted and in what manner. This is
to decide how many contractors are asked to
provide quotation and prepare the detailed
scope accompanying others of the contracts
(Ogunde et al., 2017). This has been vital to
define exact time sands selecting criteria for
contractors. This includes documentation,
proper references, structure and costs. Here
requirements are demanded for every

10PROJECT MANAGEMENT IN CONSTRUCTION
contractors, they have been
lacking time for preparing the
cause of failure in contract. For
starting the contracts off in
proper way, this has been needed
to reserve sufficient time for
preparing the process of
contracting
company.
Contracting
administration
This is a well-detailed contracts
having conditions agreed,
working startups on job sites.
Presently, project managers have
the liability to make contracts for
fulfilling all the things in
contract. This includes applying
efforts to manage contracts with
best possibilities. The project
managers must assure that the
things has been changing and is
needed to change contracts as
the project execution goes on
For controlling contracts smart planning is
needed. It must be assumed that the
planning is completed (Olawale & Sun,
2015). Various events can take place and
project milestones are not met here. This has
been triggering various penalties causing
against contractors. This has been making
alterations to cost, time and project scopes.
Due to this reason, the management team of
project has been consistently aware of every
type of changes and keeping contracts in
synchronized way as the real task is
completed on job site.
Reducing
Construction
Risks with
One has noticed that all the five
risks of constructions have one
aspect in common. It is
There are various uncertainties in
construction that has been out of control.
This is why the risks have not been the

11PROJECT MANAGEMENT IN CONSTRUCTION
Software uncertainty. As one leaves
projects open to various
unforeseen situations and
chances is has been drastically
affecting when and how the
project is created. This has not
mentioning the reason of
unnecessary
controlling ones (Książek et al., 2015).
Here, with the help of technologies more
sound-proof management program of risk
can be developed. This must positively
affect the project successes, staffs, personal
welfares and overall profit margin.
Planning and
control
It must be reminded that no
smart management without any
efficient control. Here, the
contractors have been planning
on the basis of contract control.
There has been smart control as
there is no planning (Zhao & Li,
2015). As there is no deciding
of ultimate construction
schedule, the primary deadline is
the put contractors as constraints
for guaranteeing the vital stages
of projects to get delivered on
time for the common contractor.
Here productivity and
performances are also specified
Hence, to minimize the issues resulting
from of management practice of contractors,
the team of project can help with
problematic identification. For example
there has been low productivity and
suggestion of issues for guaranteeing
projects to be success (Zhang, Wu & Shen,
2015). This is to meet contractual
requirements. Besides, it must be reminded
that the phase of planning would never start,
as the construction phase begins.