Salman

ID: 012 Risk: Site Security Date: 04/25/2021

Type: Threat
Risk Owner: Organization: Risk Analysis
Contact No.: 1 888 888 8888 Email:
Description:
Construction sites face endless security risks, including vandalism and theft, on-site security breaches, rogue
or mentally unstable employees which is a type of financial risk as well as safety risk for people working on
the site.
Cause or Initiating Event:
Reasons for committing a crime or vandalism may include greed, anger, revenge, or mental issues.
Impact, Effect or Consequence:
Financial loss and significant delays in schedule as well as loss of safety of the workers.
Assessment
Probability (likelihood) of occurring:
Usually lower than 5%
Potential Schedule impact:
More time would be required to repair if there is damage to the structures already built.
Potential Cost impact:
Significant cost would be required to pay for injuries of workers or to pay for the repair including buying
more materials and resources.
Potential Performance or Quality impact:
Major damage to building assets and significant harm to individuals may affect the quality of the building
being built.
Risk Handling: Avoid, Transfer, Mitigate, Accept
Monitoring Strategy:
Theft of construction equipment and materials will result in substantial financial losses. If equipment is
stolen, it must be replaced, which can incur additional costs. Having video surveillance, keeping clear
records of the inventory, recruiting security personnel are all methods that can be used to keep track of
jobsite theft. Furthermore, there should be a register to check in and out all the visitors coming to the work
site.
Prevention Strategy:
Avoiding purchasing of excess supplies and leaving them on the jobsite for weeks. To prevent robbery of the
site, scheduling supply deliveries on an as-needed basis should be enforced. For the project to not be
delayed, good preparation and communication would be needed. Security guards should be stationed at
various locations to safeguard the site.
Recovery Strategy:
Even with preventative measures, there is still a chance that this risk may occur. To minimize the likelihood
of an incident, all staff should be prepared to obey security procedures. The project manager should receive
inventory reports on a regular basis. If theft occurs on a jobsite, the project manager should be informed as
soon as possible so that investigative efforts can begin.
Salman