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REPORT FOR RISK MANAGEMENT 10-07-19
Maddox Smith
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Background and summery of the assignment This brief describes an assignment to develop a riskt management plan for a simulated project. This coursework, designed to be complementary with Coursework 1, is also based on The College development. Please refer to the Coursework 1 Brief for descriptive information. In this assignment, students are acting in the role of a consulting professional advising the client’s team on risk management during RIBA Stage 1 (Forming the Brief). The plan is required so that the client can manage the numerous risk elements associated with the project. One of the key objectives is to ensure design has risk mitigated as much as possible before inquiries go out to the tenderers. Risk characterisation and management are activities that should start early in the project to help manage the wide variety of uncertainties that could delay, add cost, reduce quality or cause harm.
The project, simulation and coursework background . The deliverable required by this coursework are twofold. Firstly, to set up a client-side risk management programme that works to reduce risk during the pre-construction design stages and continues as the project progresses and secondly to provide a risk management framework to the contractor so that they can ensure subcontractors, suppliers and others on the appropriate standards for Cost Value Reconciliations (CVR) and other reporting requirements In order to envision the scope of this undertaking, Figure 1 is included. It contains a graphical representation of the general risks threatening The College project. These general risks will need further elaboration and descriptions specific to The College project.
Figure 1 contains a graphical representation of the risk responsibilities of the core client team and the main contractor, who working together, manage the risk of suppliers, sub-contractors and stakeholders. Further details on The College project, including site drawings and other material, are available through a link to the Master’s Field Project on Moodle.
Description of the task required for the coursework . Base on other details, such as the development strategy and programme as reported in Coursework 1. The report should contain an early-stage Risk Management Plan (RMP) that contains the following: 1. An introduction to the report, explaining clearly what it is for and how it should be used.
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