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LEOPARD PROJECT CONTROLS
Risk Management
Certified PMP, with over 11 years of experience in Oil & Gas and Construction projects. Expert in Primavera P6, MS Project, Asana, and Zoho Projects scheduling. Authored different Project Management, Scheduling and Planning articles.
How to add Risks in Primavera P6?
Risk Management is an important aspect of project management which involves the process of identifying, analyzing, and mitigation of potential risks to an organization or a project. The goal of risk management is to ensure that an organization can operate effectively and achieve its objectives, even in the face of uncertainty and adverse events. It is an ongoing process that involves regular review and adaptation in response to changing circumstances and new risks. Those risks can be delays, cost-overrun, poor quality, or risk of loss of market reputation. These all affect projects in different directions. Some of those risks are [...]
Reducing Construction Costs through Integrated Project Delivery in Construction
The construction market is very demanding and the project delivery methods have evolved from the traditional ones to risk-sharing forms, such as IPD (Integrated Project Delivery). In a traditional construction method, each party tries to avoid the risk and transfer it to the other party. It results in losses in the form of project delays and extra costs. Let’s consider a construction project where the designer has proposed helical piers for the foundation construction of a multistory apartment. Later on, when the contractor is involved, he determines that some of the cost of helical piers could be saved if rammed [...]
Risk Management in Construction Projects
Risk Management in Construction Projects Risk Management in construction projects is carried out to minimize the impact of adverse events and keep the project running smoothly. A risk is an uncertain event that may have a positive or negative effect on the project. The risk management process consists of the following steps: Identify Risks Analysis of the Risks Planning & Controlling Risks Risk Identification The first step in the risk management process is to identify the project's risks. It requires the collective effort of the project team and the stakeholders. The identification of all the risks should be made [...]
