INTRODUCTION
In our daily lives’ activities especially in construction, plans made without considering
the risks involved in its execution will often times lead to loses in several forms. Risk
can be defined as the estimation of hazards that could occur during the duration of a
certain activity, it is task specific and can either be positive or negative.
Risk management of risk associated with a particular activity is the enactment of a set
of measures put into place to prevent the hazards concerned with the activity or to
mitigate the effects of the hazards if it occurs.
This document is prepared to serve as a risk management guide which is part of the
RIBA stage 1 requirements for the execution of ‘The College Infrastructures’ project.
It serves as an integral document that synchronize the activities of all the personnel in
the project execution and also used as a key part of the decision-making processes.
Risk registers and risk matrix are used to present the risks identified, the vulnerable
parties, the owners of the risks, the mitigators of the risks, the severity of the risk
(before and after mitigation), etc.
The following sections comprise of the steps taken to develop this risk management
document:
In section 1; A set of customized principles will be laid out to serve as the core
objectives of the risk management plan.
In section 2; Identification and characterization of the risk will be discussed. Here the
approaches adopted to identify the risks will be explained and also the
characterization of the respective risks will be done. Also, the risk ranking
model will be discussed in this section.
In section 3; The risk would be analysed using the risk register and the risk matrix.
Here the risk owners, treatments, severity, etc will be listed.
In section 4; The dynamics of risk owners through the project duration will be
presented with the aid of a flowchart.
In section 5; The futureproofing techniques of the materials used in this project will be
discussed in relation with the future threats posed by the global climate
change, urbanization or environmental damages.
In section 6; Guides to prepare form letters for updates and requests to the client,
stakeholders, third part dependencies, police, HSE, environmental
agency, sub-contractors, suppliers and consultants will be stated.
In appendix; Four form letter samples for updates and requests to the client,
stakeholders, third party dependencies, police, HSE, environmental
agency, sub-contractors, suppliers and consultants.