This report reviews the risk management process, the issue management process, the contingencies, Risk Breakdown Structure (RBS) and Work Breakdown Structure (WBS) that are taken into consideration when developing a risk management plan. This report also highlights the potential sources of risk, id...
Issue and Risk Management, Risk Evaluation and
Contingencies
Module: Risk and Issue Management
Module Code: MBP7006M
Student Name: Chloe Jade Legood
Student ID Number: 210076033
Word count: 3,446
,Executive Summary
This report reviews the risk management process, the issue management process,
the contingencies, Risk Breakdown Structure (RBS) and Work Breakdown Structure
(WBS) that are taken into consideration when developing a risk management plan.
This report also highlights the potential sources of risk, identifies suitable and
available risk response strategies for the most damaging identified project risks and
recommends strategies the construction company can take to address risks and
resolve issues.
2
, Table of Contents
Executive Summary............................................................................................................2
Chapter 1. Introduction......................................................................................................3
Chapter 2. Construction of 50 Detached Homes in a Private Estate....................................4
Chapter 3. Issue Management............................................................................................5
3.1 Crisis Management.................................................................................................................5
3.2 Requirements Management....................................................................................................6
Chapter 4. Risk Evaluation..................................................................................................6
4.1 Project Environment...............................................................................................................6
4.11 Existing Risk Management Process.........................................................................................................7
4.12 Risk Analysis - Environment.....................................................................................................................7
4.13 High-Level Risk Assessment...................................................................................................................10
4.2 Risk Response Strategy.........................................................................................................11
4.21 Selection of an Appropriate Risk Response Strategy............................................................................11
4.22 Contingency Use and Planning..............................................................................................................12
Chapter 5. Recommendations..........................................................................................13
References.......................................................................................................................14
Appendices......................................................................................................................18
Tables
Table 1. Shows a SWOT Analysis for the Construction Project of Fifty Homes……..8
Table 2. Shows a Risk Matrix for the Construction Project…………………………….8
Table 3. Shows a Risk Breakdown Structure (RBS) of the Construction Project……9
Table 4. Shows a High-Level Risk Assessment of the Identified Risks and Risk
Categories………………………………………………………………………………….10
Chapter 1. Introduction
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