The Risks management list associated

ProposedwithSix
proposed expansion For
Story Building building project. Concern Society - Risk Registry
Community
Risk Identification Qualitative Risk Assessment Risk Response Plan Monitoring and Control
Risk Category

Probability
Objective
Primary

Impact
Interval, Status: Date
Response Responsible
No Risk Event Cause Effect Risk Matrix Response Actions Milestone or and Review
Strategy Entity
Stage Check Comments

VH

Probability
H X

Very High
Financial

M Project may be divided into

Time

High
Budget Constraints- allocation in
1 Project not fully funded Project delay L Mitigate 2or 3 phases with options in Project Manager Monthly
doubt or subject to change
VL the contract
VL L M H VH
Impact
VH

Probability
H
Increased unit price
Financial

Medium

Medium
Engineers cost M X
Inaccurate cost Unit pricing effected by cost of considering the material Quantity At estimating

Cost
2 estimate L Mitigate
estimate material transportation transportation on narrow Surveyor sage
underestimated VL
VL L M H VH
accessible road
Impact
VH

Probability
H
Quality M Introducing a good
Design

High
Low
Inaccurate building Miscommunication between
3 design failure L x Mitigate communication protocol Architect At design stage
design design team
VL
(drop box)
VL L M H VH
Impact
VH x
Probability
H
Construction

Very High

Difficulty in M
High

Poor accessibility due to narrow Project cost Encourage insitu

Cost

4 transporting material L Mitigate Engineer At design stage

roads increases construction
to the site VL
VL L M H VH
Impact
VH
Probability

H
Construction

Medium

M x Plan and make sure martial

Time

High

Lack of martial Small construction space is

5 Project delay L Mitigate are delivered to the site at Engineer Daily
storage space available
VL time
VL L M H VH
Impact
 VH

Probability
H
Construction

Medium

Medium
Small constriction space with Threat for the M x Take safety precasions,

Cost
6 Health & safety surrounding building close to the workers and L Mitigate Implement health & safety Safety Engineer Monthly
proposed site outsiders VL policy
VL L M H VH
Impact
VH

Probability
H
External

M x Coordinate with Local

Time

High

High
before
7 Approvals Delay of getting approvals Project delay L Avoid Authorities and get the Architect
tendering stage
VL permission bit early
VL L M H VH
Impact
VH

Probability
H X
Construction

Very High
M

High
Project cost Implement security Resident

Cost
8 Security lack of security L Mitigate Monthly
increases precautions Engineer
VL
VL L M H VH
Impact
VH

Probability
H
External

Medium

Medium
M x Make sure to avoid rainy
Time

9 Weather Rainy rainy weather conditions Project delay L Mitigate seasons in construction Project Manager At design stage
VL period.
VL L M H VH
Impact
VH
Probability
H
Cost/ time

Very High
Very low
External

Project cost M
Before
10 Natural disasters Unforeseen natural disasters increases & L Transfer Take insurance Contractor commencement
project delay VL X of work
VL L M H VH

VH
Probability

H
Construction

Variation due to poor M

High
Low

Project cost Introducing a good From tendering

Cost

11 Variation communication between client L x Avoid Project Manager

increases communication protocol sage
and contractor VL
VL L M H VH
Impact