S No. |
Activity |
Hazard |
Risk Level |
Probability |
Impact |
Consequence |
Order Of Magnitude |
Person to harm |
Risk of new value |
Mitigation procedure |
1 |
Design associated risk in construction plan |
It mainly causes delay in the project plan |
16 |
Likely |
Severe |
18% |
$ 1,000,000.00 |
Project |
$ 120,000.00 |
The design of the construction plan must be created properly so that no design associated risk arises |
2 |
Change in the decision of the stakeholders |
The time that is needed for completing the plan exceeds if change in decision of the stakeholders occurs. |
19 |
Likely |
Moderate |
20% |
$ 1,200,000.00 |
Project and person |
$ 320,000.00 |
The decision of the stakeholders must not be changed randomly |
3 |
Failure of completing the construction work as per contract |
Delay in completing the work of the project plan as per the contract |
17 |
Moderate |
Moderate |
16% |
$ 1,000,000.00 |
Project |
$ 127,000.00 |
The construction work must be completed as per the contract so that the entire project will be completed in proper time and budget |
4 |
Public objections |
Lack of public awareness causes delay |
5 |
Likely |
Minor |
12% |
$ 1,600,000.00 |
Project delay |
$ 120,000.00 |
The problems of the public must be noticed properly so that any issue associated with it can be resolved easily. |
5 |
Improper environmental analysis |
Improper analysis of the environment can cause number of accidents |
9 |
Likely |
Moderate |
8% |
$ 1,300,000.00 |
Public |
$ 100,000.00 |
The environmental problems related with construction must be analyzed properly so that no environmental related issues occur |
6 |
Change in standards and laws |
The workers or higher authorities will face number of difficulties in managing the work of the project |
14 |
Unlikely |
Minor |
20% |
$ 100,000.00 |
Public |
$ 200,000.00 |
The laws and standards must be kept same so that the organizations does not face any problem in completing the project |
7 |
Late delivery of materials |
Late delivery of project plan |
13 |
Possible |
Moderate |
20% |
$ 1,000,000.00 |
Project delay |
$ 200,000.00 |
The delivery of the materials must be done on time so that the project managers does not face any issue associated with delivery of materials |
8 |
Inexperienced workers |
The completion of the project is not completed on proper time |
7 |
Possible |
Moderate |
12% |
$ 1,700,000.00 |
Project |
$ 320,000.00 |
Proper experienced workers for the project must be hired so that the project will be completed on estimated time and budget |
9 |
Improper facility of protection within the site |
It can cause death of the workers or workforce |
5 |
Possible |
Minor |
10% |
$ 1,500,000.00 |
Public |
$ 150,000.00 |
Proper facility of protection as well as safety of the workers must be provided on site |
10 |
Improper scheduling |
Due to improper scheduling, it is quite difficult to complete the entire project on time and budget |
8 |
Unlikely |
Significant |
11% |
$ 1,000,000.00 |
Project delay |
$ 250,000.00 |
The project schedule must be created properly so that the entire project will be completed as per the schedule |
11 |
Technology change |
The plan of the project got delayed |
10 |
Moderate |
Moderate |
17% |
$ 1,200,000.00 |
Project delay |
$ 320,000.00 |
The change in technology can be managed by hiring experienced workers |
12 |
Overrun cost in construction |
The budget that is estimated for the project found to be insufficient for completing the project |
11 |
Moderate |
Major |
12% |
$ 1,000,000.00 |
Project delay |
$ 300,000.00 |
The budget for the project must be estimated properly so that the project managers does not face nay problem in completing the project |
Task Name |
Duration |
Start |
Finish |
Predecessors |
Construction of high rise building |
111 days |
Mon 3/5/18 |
Mon 8/6/18 |
|
Scope definition |
57 days |
Mon 3/5/18 |
Tue 5/22/18 |
|
Requesting bid documents |
13 days |
Mon 3/5/18 |
Wed 3/21/18 |
|
Receiving bid documents and deciding to plan for bid |
12 days |
Thu 3/22/18 |
Fri 4/6/18 |
2 |
Brief bid stakeholders and participants |
13 days |
Mon 4/9/18 |
Wed 4/25/18 |
3 |
Site evaluation project visit |
10 days |
Thu 4/26/18 |
Wed 5/9/18 |
4 |
Design or construction preparation build strategy |
12 days |
Thu 4/26/18 |
Fri 5/11/18 |
4 |
Engineering preparation bid design |
9 days |
Thu 5/10/18 |
Tue 5/22/18 |
5 |
Estimation |
31 days |
Thu 5/10/18 |
Thu 6/21/18 |
|
Quantity take off and BofQ |
14 days |
Thu 5/10/18 |
Tue 5/29/18 |
5 |
Pricing standards for bid |
15 days |
Thu 5/10/18 |
Wed 5/30/18 |
5 |
BofQ pricing |
12 days |
Mon 5/14/18 |
Tue 5/29/18 |
6 |
Project planning |
16 days |
Wed 5/23/18 |
Wed 6/13/18 |
7 |
Project risk assessment |
12 days |
Wed 5/23/18 |
Thu 6/7/18 |
7 |
Set allowances and contingency |
15 days |
Wed 5/30/18 |
Tue 6/19/18 |
9 |
Preparation of draft bid documents |
17 days |
Wed 5/30/18 |
Thu 6/21/18 |
9 |
Review |
47 days |
Wed 5/30/18 |
Thu 8/2/18 |
|
Meeting for bid clarification |
25 days |
Thu 5/31/18 |
Wed 7/4/18 |
10 |
Reviewing bid with the help of stakeholders |
28 days |
Wed 5/30/18 |
Fri 7/6/18 |
11 |
Conversion of draft to final bid |
25 days |
Thu 6/14/18 |
Wed 7/18/18 |
12 |
Senior management review |
30 days |
Fri 6/8/18 |
Thu 7/19/18 |
13 |
Finalize bid for the review of CEO |
32 days |
Wed 6/20/18 |
Thu 8/2/18 |
14 |
Submission |
32 days |
Fri 6/22/18 |
Mon 8/6/18 |
|
CEO final review |
3 days |
Fri 6/22/18 |
Tue 6/26/18 |
15 |
Finalization of documents for bid submission |
2 days |
Fri 8/3/18 |
Mon 8/6/18 |
16 |
Submission of bid by 12 noon |
1 day |
Thu 7/5/18 |
Thu 7/5/18 |
17 |
Resource Name |
Initials |
Bid contractor |
YOU |
Bid production manager |
JS |
Production assistant |
FN |
Design engineers |
DES |
Construction engineers |
RP |
Contracts |
NA |
Scheduler |
NA |
Planning engineer |
NPQ |
Lead estimator |
JB |
Estimator |
JP |
Estimator |
DR |
Estimator |
BS |
Clerical support |
CEO |
Chief executive officer and board |
CON |
The client name is ADCO construction and Ashish Reddy is the name of the project manager. It is identified that the clients of construction are Digga Excavations and Wellam Constructions. The high rise building “Hilton Surfers Paradise” is mainly constructed between Orchid Avenue and Surfer Boulevard”. The construction of the building starts on 5th March 2018 and finishes on 6th August 2018. It is identified that the project utilizes Design bid build method. The construction of the building is done in such a way that the stunning towers of the building helps in offering the facility of accommodation. The Hilton Surfers Paradise not only helps in epitomizing Brookfield capacity for constructing ionic building but also helps in emphasizing the companies to innate capacity for providing solutions which are very much innovative and assist in providing value for money. It is stated by Gapes (2014) that during construction of Hilton Surfers Paradise, the main complexity occurs during the economic downturn in which main provision that is made was to complete the construction of the building on both time and budget while maintaining the quality level. It is found that the curvilinear forms of the building generally reciprocate the nearby ocean but the building was generally designed as well as built as efficiently as possible so that the budget that is required for completing the construction will be minimized. The construction of Hilton Surfers paradise faces number of risks including improper maintenance of the stability of various neighboring building during excavation, simultaneous construction of different work faces as well as operation of machinery at height in a coastal environmental prone. It is opined by Waters (2015) that the problem that is arising due to the construction of Hilton Surfers Paradise can be minimized to some extent if the building construction mainly depends on factory-made elements. The construction of the towers are generally designed for minimizing the time that is required for top-down methodology which generally starts at both the foundation as well as superstructure at the ground level. This procedure generally helps in allowing completion of the building construction in seven month earlier than with the help of various conventional techniques.
The name of the project manager is Ashish Reddy and the client is ADCO construction. It is found that the clients of the construction mainly include Digga Excavations and Wellam Constructions. Brookfield Place is a skyscraper which is mainly located within the Brookfield Place office complex in Perth, Australia. It is mainly considered as one of the second tallest building in Western Australia. It is stated by Cullinane and Harrison (2017) that Brookfield place is one of the premium grade, 45 level towers that generally incorporates the latest design of workplace in which 60,000 square meters is mainly leased with the help of BHP Billiton. Brookfield helps in providing unique heritage retail area for the city that generally helps in offering both foods as well as fashion options. The construction of the building starts on 5th March 2018 and finishes on 6th August 2018 and utilizes Design Bid Build method. It is identified that the site of the Brookfield palace is one of the most famous as well as historical sites whose partial completion by a previous owner is mainly done in the early 90’s. It is considered as one of the significant retail as well as commercial developments that generally help in providing new civic area for the people of Perth. According to Gollagher, Campbell and Bremner (2017) during the building construction number of difficulties as well as problems came into the way which are mainly occurs due to simultaneous construction on multiple work faces, core glass elevators, installation of the k frames and more. The problems that are associated with the project can be properly resolved or minimized by undertaking proper methods as well as processes. It is opined that in order to minimize the risks associated with construction of Brookfield Palace the first and the most prior thing is to build a team of proper size as well as skill that helps in meeting the demands of the project.
The client name is ADCO construction and Ashish Reddy is the name of the project manager. It is identified that the clients of construction are Digga Excavations and Wellam Constructions. The high rise building “RMIT Swanston” is one of the original tertiary institutions of Australia. The construction of the building starts on 5th March 2018 and finishes on 6th August 2018 and utilizes Design Bid Build method. It is identified that the new Swanston Academic building helps in showcasing the investment of the University for cutting the edges of educational universities. According to Anderson (2016), the building helps in anticipating future practices which will be helpful in accelerating the adoption of new approaches as well as ideas for teaching, learning as well as other experiences. The building was designed in a way in which high sustainable standard that it was awarded as a Green building Council of Australia. It is identified that the construction of the building creates number of impacts in context to preparation of construction zone, hoardings, access changes, time management plan, noise impacts, safety round campus as well as impacts on the students as well as staffs. It is stated by Woo (2015) that before the renovation of the campus, proper preparation of the campus are made and therefore it is very much important to have interactive timeline lists in the new as well as old facilities in order to track the activities that are delivered. It is identified that the noise that are associated with construction are permitted to carry out works that only occur late.
Alotaibi, A.B. and Mafimisebi, O.P., 2016. Project Management Practice: Redefining Theoretical Challenges in the 21st Century. Project Management,7(1).
Anderson, C., 2016. Transforming RMIT’s Swanston library. Incite, 37(1/2), p.20.
Banerjee, B., 2016. Enterprise Risk Management. The MA Journal, 51(3), pp.66-72.
Binder, J., 2016. Global project management: communication, collaboration and management across borders. CRC Press.
Bresnen, M., 2016. Institutional development, divergence and change in the discipline of project management. International Journal of Project Management, 34(2), pp.328-338.
Bromiley, P., McShane, M., Nair, A. and Rustambekov, E., 2015. Enterprise risk management: Review, critique, and research directions. Long range planning, 48(4), pp.265-276.
Cullinane, B. and Harrison, P., 2017. It’s not easy to collaborate, but it’s essential!. The APPEA Journal, 57(2), pp.426-429.
Gapes, M., 2014. Buyers released from off-the-plan contract: A cautionary tale for sales agents. REIQ Journal, (Nov 2014), p.28.
Glendon, A.I., Clarke, S. and McKenna, E., 2016. Human safety and risk management. Crc Press.
Gollagher, M., Campbell, J. and Bremner, A.M., 2017. Collaboration Achieves Effective Waste Management Design at Brookfield Place Perth, Western Australia. Procedia Engineering, 180, pp.1763-1772.
Hornstein, H.A., 2015. The integration of project management and organizational change management is now a necessity. International Journal of Project Management, 33(2), pp.291-298.
McNeil, A.J., Frey, R. and Embrechts, P., 2015. Quantitative risk management: Concepts, techniques and tools. Princeton university press.
Todorovi?, M.L., Petrovi?, D.?., Mihi?, M.M., Obradovi?, V.L. and Bushuyev, S.D., 2015. Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), pp.772-783.
Turner, R., 2016. Gower handbook of project management. Routledge.
Walker, A., 2015. Project management in construction. John Wiley & Sons.
Waters, M., 2015. The Gold Coast business sector: meeting the environmental challenge. The Gold Coast Transformed: From Wilderness to Urban Ecosystem, p.145.
Whitaker, S., 2016. Foundational Concepts of Project Management. In Pass the PMP® Exam (pp. 1-33). Apress.
Woo, J., 2015. Building as a learning tool: a student-centred POE approach to the Swanston Academic Building (SAB). In ASA 2015: Living and Learning: Research for a Better Built Environment (pp. 477-486). The Architectural Science Association.
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