Essay about Types Of Construction Projects And Mitigation Strategies

Essay about Types Of Construction Projects And Mitigation Strategies

Length: 888 words (2.5 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

Abstract
Risks are inherent in almost every work done by human so as in construction projects. Lives, property and money are lost due to these risks. These losses can happen due to human carelessness or extreme environmental conditions and these losses can be mitigated by proper risk management plan. Construction projects are vast and complex. The risks vary by varying construction projects types. This paper addresses the most common construction risks in all types of construction projects and their mitigation strategies.
Introduction
A hazard is something that is dangerous or something that presents a danger. Hazards are prerequisite to a mishap. And mishap is something that affects the success of project. These hazards can be identified through hazard analysis process and controlled before they turn into mishap and affect the project. Construction project risk management is considered crucial for a project to be successful. Risk is the likelihood of hazards turning into mishaps. So mitigating the risk could prevent the mishap to happen.
Every basic risk management process has four main steps: risk identification, risk assessment, risk response planning and risk control and monitoring. Firstly, the hazards causing risk are identified and categorized. Then the risk of each hazard is measured using qualitative and quantitative techniques like HRI and Iso-risk contour. These determine the relative level of potential mishap risk presented by an individual hazard. After measuring risk, prioritization of hazard can be done. Then the risk mitigation strategies are applied for each hazard. Then these risks are monitored to find out whether the strategies are successful in mitigating the risk. As time moves on new risks can emerge so thi...


... middle of paper ...


...inst the project plan to guarantee that the undertaking is inside satisfactory fluctuations of cost, schedule and scope, and that risks and issues are ceaselessly checked and amended as required.
The main reason for monitoring and controlling exercises is to be proactive in discovering issues early and making remedial move. Restorative activity can require returning to Planning Process Group and redesigning the Project Management Plan as required with a definitive objective of aligning the undertaking back with task destinations and limitations and enhancing future execution to abstain from repeating the same issues. Monitoring of risk is important because through this we can ensure response plan is successful. Helps in re-evaluating the risks that are outlined in risk strategy. Tells us whether the contingent actions are needed to mitigate residual risk.
Conclusion

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Risk Management Strategies Essay

- Introduction Financial or technical, commercial or legal, the risk can affect an organization at any given time. Operations and compliance along with laws and regulations input by an organization have an important role in controlling the factor of risk within a project. As Pinto (2013) well noticed, projects tend to operate in an environment composed of uncertainty. There are projects that succeed and others that fail. The difference between these two types of project is given by the plan developed as well as the level of risk....   [tags: risk factors, healtcare industry, legal risks]

Strong Essays
2608 words (7.5 pages)

Essay on The Automotive Industry and Its Mitigation Strategies

- For the last two years, the car industry has experienced constant changes in the world political conditions, economic climate, socio-cultural transformation and technological advancement. Today’s carmakers have been astonished by the increasingly growing demand in the developing world, and also struggled to meet all the demanding environmental regulations in most countries in the world. In addition, the new development of mega cities, and the emergence of new technologies have urged automakers to continuously innovate their products to better cater to the diversity of consumers’ tastes....   [tags: manufacturing, innovation, engineering]

Strong Essays
1985 words (5.7 pages)

Essay about Risk Analysis And Mitigation Of A Project Manager

- Risk Analysis and Mitigation With any project, there are inherent risks that could severely delay or sabotage a project, if not handled appropriately. The goal of risk analysis is to identify the hazards of a project, determine the probability of the risks occurring, the severity of the risks, and develop a plan to control the impacts to the project (PMI, 2013). An assessment should also include a plan to manage the risk, as well as the key participants in implementing the plan in order to reduce the impact on the endeavor (PMI, 2013)....   [tags: Risk management, Project management, Risk]

Strong Essays
974 words (2.8 pages)

Hazard Mitigation Tools and Techniques: Strategies Applied in Forsyth County

- Hazard mitigation is “any action taken to reduce or eliminate the long-term risk to human life and property from natural hazards”. Natural hazards are naturally occurring events that can threaten lives and property. Examples of natural hazards include: fire, hurricanes, storm surges, high winds, tornadoes, heavy rain, waterspouts, floods, severe thunderstorms, hail storms, lightning storms, drought, heat wave, fog, Nor’easters, severe winter weather, snowstorms, blizzards, freezing rain, wind chill, and extreme cold....   [tags: Natural Hazards, Natural Disasters]

Strong Essays
2265 words (6.5 pages)

Essay on Tools for Sustainable Hazard Mitigation

- Hazard mitigation is an important plan for societies and communities to devise, that can prepare them for various types of hazards. The mitigation process involves actions that can help to reduce or eliminate the risks associated with hazards. The process can have many positives to it, and with a mitigation plan in place, states will be safer and ready for anything. With any plan, hazard mitigation has certain tools involved. The tools are Preventions, Property Protection, Public Education and Awareness, Natural Protection, Emergency Services, and Structural Projects....   [tags: Public Safety]

Strong Essays
2312 words (6.6 pages)

Essay on Types Of Strategies For Students With Ocd

- ... All accommodations given here are just suggestions that can work with individual students but it is always important for educators to look at students on an individual basis. This is an in-depth description of a strategy in use with a student who suffers from OCD. 5 W”s is a during and after activity comprehension strategy. The 5 W’s consist of Who, What, When, Where, and Why. This is a comprehension strategy that keeps the student very busy. It is a very structured strategy that allows little time to get off topic....   [tags: Psychology, Education, Compulsive behavior, Hand]

Strong Essays
1032 words (2.9 pages)

Essay on The Five Types Of Leadership Strategies

- ... The transformational leadership style depends on high levels of communication to meet goals. Leaders motivate employees and enhance productivity and efficiency through communication (Johnson, n.d, para 6). Participative leadership values the input of team members and peers. This leadership strategy boosts employee morale because they are able to contribute to the decision-making process (Johnson, n.d, para 6). Choosing to follow the beliefs of transactional and participative leadership benefits a wider variety of employees, where as laissez-faire and autocratic negatively affect the majority and benefit very little....   [tags: Leadership, Management, Fiedler contingency model]

Strong Essays
1212 words (3.5 pages)

Project Risks and Mitigation Techniques for Oil and Gas Industry Essay example

- ... • Involve HES personnel and HES subject matter expects early in the development stages so the project and facilities are designed with HES in mind from the beginning. • Have regular meetings with personnel performing work scopes where HES issues may arise. These meetings include toolbox talks, kick-off meetings, and other pre-job briefings. Project Handover Handover is where a project, commonly its facilities, are transferred or ‘handed over’ to the operator – which can be a third-party, government agency, another oil & gas company, or another division within the same company....   [tags: risk management analysis]

Strong Essays
1319 words (3.8 pages)

Hazard Mitigation Essay

- The federal government's role in planning for, mitigating, responding to and recovering from natural and human-made disasters dates to the Congressional Act of 1803, which was enacted to provide relief from the aftermath of a devastating New Hampshire fire (Federal Emergency Management Agency, 2010). Later disasters in our nation’s history “reached catastrophic proportions in terms of deaths, injuries and property loss which focused government and public attention on the need to develop formal systems to respond to such events” (Waugh & Tierney, 2007, p....   [tags: Emergency Management]

Strong Essays
2154 words (6.2 pages)

Wildfire Mitigation Essay

- Wildfire Mitigation Thesis: Politicians are proposing sweeping changes in bills, which have caused great controversy, in efforts to correct the problems that the Forest Service has faced in restoration projects. Are these bills necessary or is there a better solution that politicians are overlooking. Introduction: Humans have been changing the Western forests' fire system since the settlement by the Europeans and now we are experiencing the consequences of those changes....   [tags: Argumentative Persuasive Forest Essays]

Strong Essays
2960 words (8.5 pages)