Thanks Rami
Estimation error is almost not a risk, in the sense that it's a certitude, the magnitude is unknown.
Weather conditions, I guest you mean changing weather condition from historical data. Like we plan for something in the 1 by 10 years base on historic data, but the new 1 in 10 is closer to the 1 in 50.
Saving Changes...
ERANDO SILVESTRI JUNIORCONTRACT MANAGER| CASTRO GERENCIAMENTO DE OBRASRecife, Pernambuco, Brazil
1. Customer uncertainties causing changes in scope;
2. Errors in executive projects;
3. Weather conditions;
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1 reply by Vincent Guerard
Nov 18, 2016 10:04 AM
Vincent Guerard
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Thanks Erando,
Customer is always a risk in any industry, specially your first project with a new customer.
Error in execution, do you mean from error in the engineering or error by the trade workers?
1. Changes in the work 2. Technical conditions 3. Accidents 4. Weather
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1 reply by Vincent Guerard
Nov 18, 2016 10:09 AM
Vincent Guerard
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Thanks Mauro,
What do you mean by "Changes in the work", by the client or by the constrain on site or error in the design?
Accident is an important one, all the Heart and safety issue can have a major impact on a project. Some accident can close the site for a day or more depending on gravity.
Zoning, yes but that should have been deal with really early, not always the case, and there always the different level of government that can make it complex and get you a late response.
Environmental requirement are more and more clear but that has not reduce the risk associated with it, you right.
All comments above are very valuable inputs depending on their project situations. I just roughly list some categories of risks for construction domain based on my experience in various international civil projects for over 15 years. All listed below might be dependent on the real situations and durations in different projects since longer period will impose much more uncertainties in planning and executing the project.
1.2. Culture, communication and management engagement
1.3. Supporting departments
1.4. others
2. Client
2.1. Client Organization
2.1.1. Duplicated roles or responsibilities or vague communication channels
2.1.2. Biased decisions in conflict of interests.
2.1.3. Lack of expertise
2.2. Client Representative
2.2.1. Biased decisions
2.2.2. Lack of power
2.2.3. Lack of expertise
4. Site Condition
Unforeseen site conditions might be compensated though claim procedures but may not all.
5. Contract
Type of contract, unclear and/or arguable stipulations, procedures on unclear design and unforeseen site conditions etc. So many contract issues might affect the overall performance of project.
6. Schedule
Schedule risks might be dependent on the experiences and technical skills of estimators and team members.
7. Costs
Cost risks might be largely dependent on the experiences and technical skills of estimators and team members.
8. Project manager's leadership and technical skills
9. Weather condition
10. Force Majeure
11. Sellers or subcontractors
12. Applicable law or regulations
13. Environmental and safety effects
14. Workers' health effects
15. Insurance
16. Regional cultures or practices( for International projects)
17. External stakeholders like relevant authorities and residents
18. Site acquisitions
19.Lack of historical information
20. Labor union.
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2 replies by Antonio Louro and Vincent Guerard
Nov 18, 2016 10:23 AM
Vincent Guerard
...
Thanks Sungioon,
Very developed list.
What do you include in insurance risk? I usually see insurance as a mitigation.
Thanks Rami
Estimation error is almost not a risk, in the sense that it's a certitude, the magnitude is unknown.
Weather conditions, I guest you mean changing weather condition from historical data. Like we plan for something in the 1 by 10 years base on historic data, but the new 1 in 10 is closer to the 1 in 50.
...
1 reply by Rami Kaibni
Nov 18, 2016 11:58 AM
Rami Kaibni
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Hi Vincent,
Estimation Errors can be a serious risk "Cost Wise" so of course it is a risk. I recall on one of the large projects the following happened:
" The ROM was done by PMO Headquarters and then we submitted for the bid. After winning the bid and when construction started, we discovered that some of the pre-tensioned cables that should be embedded in the structure are not available locally and that we will have to purchase them from overseas with a lead time of 8 Months and additional cost of $150,000" - We tried to check design alternatives but we concluded that there is nothing much that can be done for the 90 m long structure except to order them from overseas" - Result: Schedule Delay, Extra Cost so yes it can be a risk sometimes.
As for weather, with global warming these days, the climate is changing and can be unpredictable at some point which can affect the environment and eventually pose a serious risk on a project depending on the nature and location of the project.
1. Changes in the work 2. Technical conditions 3. Accidents 4. Weather
Thanks Mauro,
What do you mean by "Changes in the work", by the client or by the constrain on site or error in the design?
Accident is an important one, all the Heart and safety issue can have a major impact on a project. Some accident can close the site for a day or more depending on gravity.
...
1 reply by Mauro Sotille
Nov 18, 2016 10:50 AM
Mauro Sotille
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In project management terms "Changes in the work" would be uncontrolled scope changes, caused by customer uncertainties or unforeseen conditions.
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