A Risk management team will be formed to identify Project Potential Risks at various stages. The team shall conduct monthly meetings to identify, review and plan mitigation of risks.
The main source of risks to be considered are design & engineering, location, resource, technology, work methods, executions, contract management, financial, environmental, statutory compliance, vendors & subcontractors, safety & security, interfacing of other agencies in the work area.
Risk assessment register will be maintained to prepare risk assessment plan based on root causes including mitigation measures.
Plan the work based on risk assessment mitigations and ensure appropriate actions.
Risks below that have commonly identified on the project, however it is anticipated that the Client will be pro-active in timely approvals and assisting in any area where blockages may occur to ensure that there is a smooth running and completion of the Works.