Beruflich Dokumente
Kultur Dokumente
IN CONSTRUCTION
SUBMITTED BY ::NIRMAL DUTTA
MBA Regd. No ::- 1402005119
UNDER THE GUIDANCE OF
Mr. JAYANTA NARAYAN DAS
PRIMARY CONCERN
The primary concern of this study report is to let everyone know what risk
management is, realize the procedure of risk management in construction
project and have a deeper study on the application of risk management in
construction period.
INDUSTRY PROFILE
I.
Today, India is the second fastest growing economy in the world. The
Indian construction Projects are integral part of the economy and a
conduit for a substantial part of its development investment, is poised for
growth on account of industrialization, urbanization, economic
development and people's rising expectations for improved quality of
living.
Industry Segments
REAL ESTATE
I.
II.
III.
IV.
INFRASTRUCTURE
I.
II.
III.
IV.
V.
VI.
Roads
Railways
Urban infrastructure
Ports
Airports
Power
COMPANY PROFILE
Larsen & Toubro (L&T) is Indias largest technology, engineering,
manufacturing and construction organization with a record of over 70 years.
L&T Construction is the largest construction organization in the country.
L&T Constructions cutting edge capabilities cover every discipline of
construction civil, mechanical, and electrical and instrumentation engineering
and services extend to large industrial and infrastructure projects from concept
to commissioning.
OBJECTIVES OF THIS
RISK MANAGEMENT
PROJECT
10
Risk identification;
Qualitative risk analysis;
Quantitative risk analysis;
Risk response planning;
Risk monitoring and control.
11
LITERATURE
REVIEW
A project manager must be able to recognize and identify the root causes of
risks and to trace these causes through the project to their consequences. .
12
13
The most common and major risks during construction period are
as given below ::
Customer risk
Political risk
Execution risk
Commercial risk
Financial risk
Design risk
Engineering risk
Resource risk
Country risk.etc.
14
15
16
Risk Identification: Determining which risks are likely to affect the project
17
Samples
Observing well-defined events
Survey
Interviews
Visits to other construction companies.
Monte Carlo Charts
Risk Register of projects
18
RISK MANAGEMENT
PROCESS
19
Risk monitoring;
Transference
Mitigation
Acceptance
20
RISKS INVOLVED
IN
CONSTRUCTION
PROJECT
21
1. Socioeconomic factors ::
Environmental protection
Public safety regulation
Economic instability
Exchange rate fluctuation
2. Organizational relationships ::
Contractual relations
Attitudes of participants
Communication
3. Technological problems ::
Design assumptions
Site conditions
Construction procedures
Construction occupational safety
22
From the site managers aspects, there are four main risks that would
affect the construction period ::
1. Safety risk::
Based on plans for safety and health, all the works should have its own
precautions. The site manager has to make a safe working environment for
labors.
2. Material supply risk::
Under the influences of global economy crisis, many suppliers are facing
bankruptcy. By choosing a supplier without great reputation and funding, it
may lead the construction to facing delay on delivery.
3. Unforeseen extra work::
Most of the unforeseen extra works take place on soil work. It is because that
geological exploration datum cannot predict and analyze the exact condition
of geology.
4. Omissions of construction work::
Due to the consideration of cost, clients all wish to finish the construction as soon
as possible. This will bring a lot of pressure to the total contractor. They are
trying to do their work faster. When rushing into doing things, more mistakes
might happen.
23
MAJOR UNCERTAIN
FACTORS
INFLUENCING THE
CONSTRUCTION
PERIOD
24
Open air, upper air and the underground are the major building
operation field, so the weather plays an important role on the
construction period and safety
2. Innovation of design:
3.
Equipment failure:
Equipment breakdown
4.
Labor productivity:
Employment dynamics
25
5.
Materials delay:
6. Soil situation:
26
The
countermeasures for
risks in construction
period
27
Measures to avoid risk:: laying down the regulation that certain project
should be prohibited and avoiding the actions which may cause damage are
also good measures to evade risk.
Measures to reduce risk:: we can use project resources to cut down, for the
predictable or unpredictable risk, we should change it to known risk through
assumption and limited conditions.
Measures to prevent risk:: Implement technical supporting and effective
control planning to prevent risk. The aiming is to prevent new risk factors;
reduce existing risk factors; reduce the incidence of risk events.
Measures to transfer project risk:: Spread the risk to other objects,
including owners, subcontractor, partners, investors, suppliers, etc.
Measures to risk retention:: If the damage caused by known risks is not
serious, sustain it on ones own.
28
A
CASE STUDY
29
30
CONCLUSIONS
The
31