Risk management

Risk management provides an overview of using risk analysis as an organized method for identifying and measuring risks. How to effectively assemble and manage a project team and effectively assemble project teams in the context of risk management and project planning. [1]

The key in risk management is the ability to analyse potential risks to prevent them; therefore, it is critical for G1C and the whole delivery team to implement an information exchange review workflow, which will enable correct responses when required. Pre-planned risks have the potential to manage out not only the risks related to construction but also risks related to maintenance and operation of the facility. The project team can benefit from the future potential only if the process is implemented at the organisational and project level, early in the project stage. [2]

[1]      “Planning & Scheduling Excellence Guide (PASEG),” Arlington, Mar. 2016. Accessed: Jan. 16, 2021. [Online]. Available: www.ndia.org.

[2]      M. Coyne, “BIM in Operation,” 2020-21 PDE4302 Operational BIM Management Week 14 – Module 3 – 20th Jan 2021, Jan. 2021.