GALVEZ, KAREN CLAIRE G.

BSCE-3B

FN-ACTIVITY NO. 3

1. Identify two general risks in construction by giving situations and how will you
make precautionary in order to avoid/eradicate them?

• Accidents and Injuries

- To address this risk, several solutions can be implemented such as to ensure
that appropriate personal protective equipment is available and worn by
workers, such as hard hats, safety glasses, gloves, and safety
harnesses. Develop and communicate emergency response plans, including
evacuation procedures and first aid protocols. Provide training on
emergency response to workers and have readily accessible first aid kits on-
site.
• Design or Construction Errors
- To avoid or minimize design or construction errors, some strategies that can
be implemented such as thorough planning and design, you invest time and
effort in the planning and design phase to ensure accurate and detailed
blueprints and specifications. This includes conducting comprehensive site
surveys, considering structural integrity, and anticipating potential
challenges. Moreover, quality assurance and quality control, this involves
regular inspections, testing materials and components, and verifying
adherence to design and construction standards.

2. How can risk management and risk analysis helps you maintain the progress of a
construction project without any delays?

- Risk management and risk analysis play a crucial role in preventing delays
in construction projects. By identifying potential risks, assessing their
probability and impact, and developing mitigation strategies, project teams
can proactively address factors that could disrupt the project schedule. This
includes anticipating weather-related issues, resource shortages, design
changes, or subcontractor performance issues. Allocating resources
effectively, monitoring progress, and implementing corrective actions when
necessary are key aspects of risk management. Additionally, having
contingency plans and proactive measures in place helps minimize the
probability and impact of delays caused by specific risks. By integrating risk
management into project management processes, construction projects can
anticipate and mitigate potential delays, ensuring the project stays on track
and meets defined timelines.
3. How does the contextualization and development of a risk management works?
Explain the steps and their significance for the project development.

The contextualization and development of a risk management in a construction project

works the following steps:
• Risk Identification: The first step is to identify potential risks that could
affect the project. This includes conducting a thorough assessment of the
project scope, stakeholders, site conditions, design complexity, regulatory
requirements, and external factors. Risk identification can be done through
brainstorming sessions, expert interviews, and industry research.
• Risk Analysis: Once the risks are identified, a risk analysis is conducted to
assess their probability of occurrence and potential impact on the project
objectives, such as cost, schedule, quality, and safety. This step helps
prioritize risks based on their significance and allows project teams to focus
on those with higher potential impact.
• Risk Evaluation: In this step, the identified risks are evaluated to determine
the level of acceptability or tolerance. Risks that are deemed unacceptable
or beyond the project's risk appetite may require additional attention and
mitigation efforts.
• Risk Mitigation: Risk mitigation involves developing strategies and actions
to reduce the probability or impact of identified risks. This can include
implementing preventive measures, contingency plans, alternative
approaches, or risk transfer through insurance or contracts.
• Risk Monitoring and Control: Once mitigation measures are implemented,
ongoing monitoring and control are essential. This includes tracking the
effectiveness of risk mitigation actions, identifying new risks that may arise
during project execution, and ensuring that risk management activities
remain aligned with project goals.
• Communication and Documentation: Effective communication is crucial in
risk management. Project teams should communicate risk information to
stakeholders, ensuring understanding and buy-in for risk mitigation
strategies.