2.6 Construction Risk Administration

2.6. Construction Risk Administration

Essentially, a risk is a potential occurrence with a possible negative effect. Considering the singularity and customization of each project, to understand risks and opportunities before they happen are challenges faced even by the most experienced managers. At the same time, the success of the project is highly dependent of the risk evaluation process during early stages of construction.

That makes Risk Administration a pivotal component of the construction industry and a keyconcern of Fit Construction. In compliance with the ISO-9001 approach, Fit Construction adopts the cyclical process of Planning - Doing - Checking - Acting - Reviewing to gather and analyze project data. The mentioned strategy provides accurate data to be applied into future projects, contributing to its success rates and the growth of Fit Construction. It also offers the opportunity to allow a comprehensive yet realistic brainstorming of scenarios with tangible outcomes for potentially complex situations.

Construction Risk Administration will be divided into Risk Management, Safety, Environmental and Quality. For each of these, the process will encompass the following steps: 1) determining the project specific context; 2) recognizing risks; 3) examining probability and severity of registered ; 4) assessing and classifying the priority risks; 5) establishing strategies to approach the priority risks, 6) keeping track of the recognized outcomes of plans put in action; 7) assessment of the mentioned outcomes to provide continuity and 8) effective documentation to make information available for company members and future projects.

Likewise, other project’s previously gathered and tested information was applied on the development of the 620 N 3rd St project as a part of its preconstruction process of risk assessment. In addition, Fit Construction workers’ experience is a key factor to look ahead and anticipate opportunities, empowering the project overall.

SECTION THREE

BIM MODEL

Building Information Modeling (BIM) is a one of Fit Construction’s highest bets. The company strongly believes that technology can improve construction in different ways and provide efficiency. In Section Three, the BIM model built for the 620 N 3rd St project is demonstrated in floor plans, sections, elevations and rendered perspectives for a holistic understanding of the construction work.

The referred BIM model is an important part of this project. It will be detailed weekly and utilized as a tool to provide deeper information on coordination issues, missing or faulty design, boundaries of each sub’s scope of work, precise take-offs for waste reduction and identification of construction issues before they happen. Section Three provides visual content on how the modeled information can be seen and analyzed.