PROJECT RISK DOCUMENTATION : STEP - 1 (for each of 10 risks min.

1. TITLE OF RISK: basic information and kind of risk, brief history

2. RISK IDENTIFICATION: positive / negative and …

a] CAUSE OR SOURCE:
Physical, contractual & legal, construction-related, performance factor,
economic factor, political, public factor or any other with detail information
b] PROJECT STAGE: occurrence at what phase with influence
Pre-execution, during execution, post execution
Feasibility stage, design stage, construction stage, management stage
c] PREDICTABILITY: foresight, predictable / non-predictable
Precautionary measures planned / unplanned with details

3. ALLOCATION OF RISK: responsibility in benefit / profit or loss / damage

Developer / builder / owner, designer, executor / contractor,
or external agents viz. govt. bodies, public factor, sub-contractors or other
With brief account of allocation details (percentage allocation), disputes

4. IMPACT / EFFECT: influence on time, cost, quality, environment, safety

Quantification details of impact on each factor
Information about change in plan of action

5. INTENSITY OF IMPACT / EFFECT: percentage share in profit / loss

ignorable, minor, moderate, considerable, major, critical
bearable / non-bearable
with information to explain the intensity of impact

6. FREQUENCY: occurrence, inter-relation, inter-dependency

reasons for repetition, source of risk, cumulative effect

7. ACTIONS / MITIGATION MEASURES:

plan of action against the loss / damage
change management, rescheduling, rebudgeting,
loss / damaged accepted / ignored
factors as drive for effective and successful completion

ar. prachi muley, counselor – RM, semester-11, m.arch. – cm.