Page 51 - Urban Construction Project Management

26 Chapter Two
Exhibit 2-4
Item Included
Sample risks
encountered dur- 1. Change in program or customer requirements.
ing the life cycle of 2. A sudden shortage in skilled personnel.
the project. 3. A sudden shortage in construction materials.
4. Unexpected project expenses and inflation
of materials.
5. Poor performance on the part of a subcontractor,
supplier, or vendor.
6. Failure of project equipment.
7. Significant accident at the project site.
8. Act of sabotage or terrorism.
9. Changing governmental authority requirements.
10. Surveyor errs with the wrong elevation or
benchmark, which presents coordination conflicts
beyond the control of the construction manager/
general contractor.
11. Coordination drawings are not completed prior to
the work being installed, resulting in conflicts in
the field.
12. Conflicts exist in the installation of major piping,
conduits, ductwork, etc. that result in a significant
change in the design concept of the project and
routing of services.
13. Long lead items are not being produced in a timely
manner by the equipment fabricator.
14. Subcontractor purchased the wrong materials.
15. Encountering poor subsoil or rock conditions,
which are different from those anticipated.
16. Encountering water not previously indicated.
17. Encountering underpinning, bracing, and shoring
problems with adjacent buildings due to
unanticipated conditions.
18. Jurisdictional disputes with unions workers.
19. Poor quality control.

Exhibit 2-5 is a sample of a risk assessment form for identifying and managing project
risks.

Exhibit 2-6 is a sample of a risk management log to log in risks when they are identi-
fied and classified on the risk assessment form.

The following guidelines should be used to complete the risk forms for a construction
project:
1. The risk form provides a complete description of the risk identified.
2. The likelihood of the risk is rated as its probability of occurrence.