Historical Data – (IS02 – LP11)

HISTORICAL DATA
Information Sheet

IS02-Z-004-LP11

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Historical Data – (IS02 – LP11)

CONTENT

1.0 Introduction

2.0 Market report

3.0 Economic report

4.0 Financial report

5.0 Safety report

6.0 Technical report

7.0 Project report

8.0 Appendices

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1.0 Introduction

As described in Chapter 1, data about identification, probability and damage due to risks
are not easily available. Past projects may contain a number of reasonably standard and
recognizable risk situations from which we can draw useful data about the risky aspects
of a project, provided they are recorded and kept properly.

Data for risk identification in the construction project come from a number of sources as
described below.

2.0 Market report

The construction market report can be a good source of risk data related to business,
consumer behaviour, material shortage, logistics problems, pricing issues, competition,
advertisements, promotion of products and services and also creditability of
companies, suppliers, etc. Some of these sources come from newspapers, statistics
department, trade magazines and research reports.

3.0 Economic report

Economics data on government spending, inflation, GNP growth, recession warning,

labour shortage, supply and demand of office space and houses, Consumer Price Index,
etc are useful indicators of risk impacting the construction industry. Government’s
annual economic report and Bank Negara report are good sources of information.

4.0 Financial report

Sources of funds, interest rates, company’s performance, audit reports are some sources
of risk data that need to be considered. Cost estimates which can

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Historical Data – (IS02 – LP11)

become risk factors because of inaccuracy should be constantly updated to reflect true
situations so that future budgets can become more reliable. Some sources include Bank
Negara reports, KLSE reports, Rating Agency Malaysia reports, etc.

5.0 Safety report

Many accident reports, safety and health records are logged during project
implementation. The causes and responses of these risk events form very good feedback
for taking preventive measures in handling risks for future projects. Government reports
on Occupation, Safety and Health issues and EIA reports are good sources of risk
information.

6.0 Technical report

Technical issues related to design and construction, soil conditions, geological surveys,
weather reports, EIA, rate of technological obsolescence, system and material failure are
important risk data that should be carefully considered. White papers and consultancy
reports on failures of buildings, public amenities and safety are good sources of
information.

7.0 Project report

Project status reports, review reports, progress reports, Post Implementation Review
reports, contingency plans, etc. are very good sources for identifying and assessing risks
in triple constraints, and also for lessons learned so that mistakes will not happen again.
Standard forms like Risk Log should be used and updated regularly, and then properly
filed for future reference.

8.0 Appendices

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