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risk
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Risk CategoryCauseRiskEffect
Project ManagementThe Unique hardware is a new developmentThey may not be delivered on timeForcing schedule delay and potential deviation from design control approach
A Site during Erection or ConstructionImproper or inadequate soil assessmentMay result in unplanned sub-soil standardCausing a delay in the commencement of construction and re-planning required for construction
PlanningLack of proper planning and coordination between the home and site officeMay result in equipment already dispatched from the sub-suppliers works, with access to the site not properly established Causing a delay in the equipment reaching the site and consequently causing project schedule slippage
Faulty PlanningMay result in the out-of-sequence receipt of materials at the siteLeading to a delay in the site project schedule
Faulty Planning
Political PressureLocal politicos, unruly elements, etc.May cause access to site to be denied or challenged
Resulting in delay in the start of construction, leading to slippage in the project schedule
Improper packing and handlingMay cause damage during storageResulting in breakage of equipment, necessitating repair or replacement
SecurityImproper provision of security at siteMay result in theftCausing a time and cost increase for the project
DesignImproper engineering design discovered during the construction of the main deckMay cause design problems and errors such as equipment out of dimension and not fitting rightResulting in the work needing to be down, generating additional risks as well as cost
HRUntrained or improperly trained workforce/ unskilled workersMay lead to defective workmanshipResulting in rework
SupplierThe inefficiency of the supplierMay cause payment disputes between supplier and his employeesLeading to a delay in the project schedule
ContractMisinterpretation of the contractMay cause a delay due to the dispute between the client and the customer regarding paymentLeading to a delay in the project implementation
CommunicationCommunication problems between the home and site officesMay result in non-receipt of design drawingsLeading to a slip in the project schedule