Project Risk Management Manage Project Essay

Download this Essay in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from Essay:

The project manager should at all times be present to monitor and ensure that it's the correct mixing of materials being done, it's the right quality of material being used, and it's the right amount of time being given to the treatment process in the different construction phases. In the event that this is not observed, and the building is erected, there's a high probability that the building will deteriorate at an early stage before its lifespan or even collapse as witnessed almost daily Zwikael and Ahn, 2011()

As a construction is ongoing, a major contribution to its success is the relationship between the different stakeholders. This includes the architect, the engineer, the owner, the contactor and the workers. In order to smoothly run the project and limit malice and incorporation, there should be a union and set goals and objectives between all these parties so as to ensure everyone plays their role to the best of ability avoiding the risk of organizational friction between the different partners. The project manager should see to it that all the parties play their roles in ensuring the construction sails through and meets the require standards and purpose Buys et al., 2011()

A neglected and most of the time brushed off risk is, working to a set reputation. This is very important as its image of the company and if not observed threats of competition from rising or already established companies are usually downfalls to the company. The work done and relationship between the contactors and the owners of the building is a crucial element in maintain a reputation and ensuring future work availability Ehrenfeld, 1996.

The project manager should ensure constant communication to the different parties and always give a clear progress report whenever a given phase of a project is being concluded. A project with a poor reputation does not always affect the project but also the manager whose future relies on the same Chris Hendrickson, 1998()

Lastly as the management tries to avoid the risks that slow down work; injuries, emergencies and accidents of the workers should be monitored and avoided where possible. Protections should be supplied by the management, and these include helmets, boots, goggles and masks amongst other. Not only will it protect the workers but it will be a motivation to them to work towards the set goal with confidence of not being victims of accidents Zwikael and Ahn, 2011.

It also builds the management-worker relationship as the worker gains trust in the management to take care of their health and safety and is perfect for a conducive working environment.

Conclusion

A project manager is a leader who is supposed to possess the qualities of vision, creativity, support, advocacy, transparency, making decisions and being mindful of others. Therefore, essential leadership with focus and forecast of the above stated risks with the aim of putting up actions to manage and control the same is the best type of leadership. The risks involved in every stage of construction can always be stopped from growing into a threat by the different keen observation and follow-ups by the management. Strategic planning, project planning and implementation, cannot be done by one person but should a liaison of different key players in the project.

References

BUYS, A., BENDEWALD, M. & TUPPER, K. 2011. Life Cycle Cost Analysis: Is it Worth the Effort? ASHRAE Transactions, 117, 541-548.

CHRIS HENDRICKSON 1998. Project Management for Construction. 2 ed.: Prentice Hall PTR.

EHRENFELD, J.R. 1996. Risk Assessment and Management: A Critique of Current Practices and Policy Implications. Organization & Environment, 9, 376-404.

GURCANLI, G.E. & MUNGEN, U. 2009. An occupational safety risk analysis method at construction sites using fuzzy sets. International Journal of Industrial Ergonomics, 39, 371-387.

HILLSON, D., GRIMALDI, S. & RAFELE, C. 2006. Managing Project Risks Using a Cross Risk Breakdown Matrix. Risk Management, 8, 61-76.

MCALLISTER, I., LANGILLE, E., ECONOMICS, D.U.D.O. & AFFAIRS, D.U.I.O.P. 1977. The Project Cycle: Planning and Managing Development Projects: Proceedings of a Working Conference, Jan. 20-21, 1977, Institute of Public Affairs, Dalhousie University.

TEILANS, A., ROMANOVS, A., MERKURYEV, Y., KLEINS, A., DOROGOVS, P. & KRASTS, O. 2011. FUNCTIONAL MODELLING OF IT RISK ASSESSMENT SUPPORT SYSTEM. Economics & Management, 16, 1061-1068.

ZWIKAEL, O. & AHN, M. 2011. The…[continue]

Cite This Essay:

"Project Risk Management Manage Project" (2012, April 30) Retrieved December 4, 2016, from http://www.paperdue.com/essay/project-risk-management-manage-56989

"Project Risk Management Manage Project" 30 April 2012. Web.4 December. 2016. <http://www.paperdue.com/essay/project-risk-management-manage-56989>

"Project Risk Management Manage Project", 30 April 2012, Accessed.4 December. 2016, http://www.paperdue.com/essay/project-risk-management-manage-56989

Other Documents Pertaining To This Topic

  • Electronic Ticketing Developing the Business

    In the case of electronic ticketing, while the overall risk of the actual process of electronic ticketing has proven to be minimal for implementation, it is still very important that we run risk evaluation tests in order to see if the integration of the model of electronic ticketing will gel into out company structure as well as it has for other business structures. Each of these eight areas is established

  • Project Risk Management Risks Associated With Projects

    Project Risk Management Risks associated with projects successful completion A project is an undertaking of human beings towards satisfying world needs. Projects are endeavors with a defined beginning and an end. Projects suffer from scope, time, cost and quality constraints. It is necessary for project managers to manage the risk of developing weak scope. Scope of a project incorporates the objectives of a project, the target population, the output and impact of

  • Project Management Involved in Formation of Airbus A380

    Project Management Involved Formation of Airbus Project Management involved in Formation of Airbus The report investigates factors that led to the A380 project crisis. Analysis of the project revealed that Airbus did not integrate an effective project management model into the project lifecycle leading the project to be two years behind schedule, which eventually led to the costs escalations. The report reveals several lessons to be learned from the A380 project crisis.

  • Project Management and the Transformation System

    Project Management and the Transformation System In this research paper, the author discussed he concept of project management employing in a construction firm. The author described briefly, the mission of construction organization, i.e. its product and services, intended markets, and how the product or service is distinct from those offered by competitors. The author also analyzed the scope of integration of project management concepts such as; Project Planning, Portfolio, Life Cycle,

  • Sidpers Program Risk Management Plan Project Description

    Sidpers Program Risk Management Plan Project description and Objectives Project Scope Project sizing Stakeholder analysis Project Manager (PM) Risk Manager Risk Analyst The identified Sources of Risk in the SIDPERS Project Risk Register Summary Risk Report Risk Breakdown Structure Double P-I matrix Hillson, D and Simon, P (2007).Practical Project Risk Management: The Atom Methodology. Management Concepts. This document contains details of the Risk Management Plan for the SIDPERS Project and defines the risk management process to be used in the risk management process that

  • Project Management February J 2014 a Project

    Project Management February J. 2014 A project is a temporary group of activity designed to produce unique products and services or results. Typically, a project has a defined beginning and end and therefore having defined scope and resources. (Pierre, 2012). A project also has a specific set of operations to accomplish a singular goal. Examples of projects are as follows: Development of software to improve business process, Construction of bridge or building, Expansion of sales

  • Construction Project Risk Management the

    Chapman (2001) equated the dangers explained within the Central Computer and Telecommunications Agency Publication "Management of Project Risk" into the design threats that included however were not restricted to "trouble in catching and pointing out the individual requirements," "problem of approximating the time and resources needed to finish the design," "trouble of gauging development throughout the advancement of the design." Chapman likewise specified that the design group's thorough expertise


Read Full Essay
Copyright 2016 . All Rights Reserved