Page 56 - Urban Construction Project Management

Risk Assessment and Problem Solving 31
Exhibit 2-9
Item Included
Summary of why
1. Not having a strategic, business, marketing, and
CM/GCs fail.
annual planning process
2. Growing too fast and over-expansion
3. Insufficient working capital
4. Insufficient human resources
5. Working for problematic owners
6. Obsession with business volume without proper
project evaluation
7. Selection of bad projects for the wrong reasons
8. Insufficient diversification
9. Phantom profits
10. Management not having good business skills
11. Not staying focused in your market niche
12. Not having a risk management plan and
procedures
13. Not planning for the orderly succession of
management
14. Not training personnel
15. Poor project performance
16. Poor safety record
17. Poor quality control program
18. Poor management of the environment and
stakeholders
19. Onerous contract provisions
20. Inability to pre-qualify for construction projects
21. Criminal activities

Exhibit 2-10
Item Included
Checklist for
1. Strategic, business, marketing, and annual wellness of the
plan for the firm
CM/GCs company.
2. Qualified managerial professional personnel to
run the business
3. Qualified technical professional personnel to
market, procure, construct, administer, and
close-out the construction projects
4. Training and development program for personnel
5. A corporate culture that sets a high standard
and a supportive work environment
6. Perform annual appraisals of personnel against
their pre-established goals and objectives

(Continued)