Dijo Assignment[1]

8/6/2019 Dijo Assignment[1]

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No. Risk events Likelihood Consequence

1 occupational health safety A Almost Certain 5 Catastrophic

2 project management risk A Almost Certain 5 Catastrophic

3 limited materials C Moderate 2 Minor

4 operational risk B Likely 3 Moderate

5 weather issues C Moderate 2 Minor

6 environmental issues C Moderate 2 Minor7 economic crisis E Rare 1 Insignificant

8 delay in project C Moderate 4 Major

9 exchange rate fluctuations B Likely 3 Moderate

10 cost increase B Likely 5 Catastrophic

11 change of scope D Unlikely 4 Major

12 security B Likely 4 Major

13 legislative changes E Rare 1 Insignificant

14 reputatuion of the company E Rare 1 Insignificant

15 social risks E Rare 1 Insignificant


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Severity

Extreme

Extreme

Moderate

High

Moderate

ModerateLow

Extreme

High

Extreme

High

Extreme

Low

Low

Low


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Risk Events

Note: Risk no. 1 is only the example how we are going to do our work individually an

No. Risk event Likelihood

1 C Moderate

2 Changed orders resulting from legislative changes E rare

3 Cost overrun resulting from inflation B likely

4 C Moderate

5 C Moderate

6 Requests for contributions to local community E rare

7 Property or equipment losses owing to theft B Likely

8 D Unlikely

9 C Moderate

10 A lmost Certain

11 B Likely

Cost overrun resulting from changed labor safetylaws and regulations

Suspension of work in adverse weather eventssuch as typhoon or rainstorm

Schedule or cost overrun owing to sitediscrepancy on geology or topography

Changed material orders from client's demandchanges

Schedule delay due to difference between designand actual construction

Underestimation of construction costs due to lackof information and insufficient detail designs.

Construction accidents resulting from operatingerrors or carelessness of workers


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12 C Moderate

13 C Moderate

14 B Likely

15 C Moderate

Swinburne University of Technology, Hawthorn

Excessive use material of by subcontractor withpoor technique or working habits

Schedule delay because supplier was unable todeliver materials on schedule

Schedule delay caused by substandard quality ofmaterial and services.

Machinery / Equipment breakdowns suspendingconstruction activities


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d calculation changes accordingly, its just rough work.

Consequence Severity

3 Moderate High

1 insignificant Low

5 Catastrophic Extreme

2 Minor Moderate

2 Minor Moderate

1insignificant Low

4 Major Extreme

4 Major High

4 Major Extreme

5 Catastrophic Extreme

3 Moderate High


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2 Minor Moderate

2 Minor Moderate

3 Moderate High

3 Moderate High


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Risk Treatment Likelihood

C

E

C

C

D

E

D

E

C

C

C

The cost estimators must estimate in such a way that the costoutput after the completion of the project must result in profit.

Project managers must be able to manage to completethe project on time by increasing resources and alsoby proper time management.

structural engineering before designing mustinvestigate the site properly and then provide designdepending on the practical site condition.

Proper security in each sections of the project is to beprovided. Also the material stored should be securedprorperly

Project manager must agree to the client for thechange of scope only if it produces a very little effecton the project else the project manager must be ableto convince the client about the after effects of suchchange.

Changes due to this must be minimised. Site engineersmust scrutnise everything that effects or delays theproject from a design point of view.

The client must ensure the cost estimators involved

are well experienced with such projects and costestimators must inform the project managers if thedesign provided is improper or insufficient.

Have a safety officer in the site. The safety officermust also ensure that each workers have undergonesafety induction before commencing their work in the


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B

D

C

B

Site engineer must keep an account of the materialdelivered to the subcontractor for a particular workand the percentage of the work completed. The sub-contractor must be informed for excessive use ofmaterial may result in the decrease in their finalpayment.

Project manager to make sure that the materials aresourced properly before the project start and alsoshould ensure that there is enough material for the

Quality manager must be appointed and he must takegood care of the quality of the materials used for theconstruction

Site engineers must ensure each equipment beforebeing used in the site that it is properly maintained or

not.


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Consequence Severity

Moderate 3 Moderate High

rare 1 insignificant Low


Moderate 1 insignificant Low

Unlikely 2 Minor Low

rare 1 insignificant Low

Unlikely 3 Moderate Moderate

rare 3 Moderate Moderate



Moderate 2 Minor Moderate


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Likely 1 insignificant Moderate

Unlikely 2 Minor Low

Moderate 2 Minor Moderate

Likely 1 insignificant Moderate


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Risk Map before TreatmentInsignificant Minor

1 2

Upto $ 150,000 Upto $ 1,500,000

L A Almost cer 95%

i

k B Likely 80%

e

l C Moderate 50%

i 4,5,12,13

h D Unlikely 20%

o

o E Rare 5%

d 2,6

Risk Map after Treatment

Consequence

Insignificant Minor

1 2

Upto $ 150,000 Upto $ 1,500,000

L A Almost cer95%

i

k B Likely 80%

e 12,15

l C Moderate 50%

i 4 11,14

h D Unlikely 20% 5,13

o

o E Rare 5%

d 2,6


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Consequence

Moderate Major Catastrophic

3 4 5

Upto $ 15,000,000 Upto $ 150,000,000 Over $ 150,000,000

10

11,143

7

1,159

8

Moderate Major Catastrophic

3 4 5

Upto $ 15,000,000 Upto $ 150,000,000 Over $ 150,000,000

1,3,9,10

7

8

Documents

Dijo Assignment[1]