RISKS AND OPPORTUNITIES ASSESSMENT

TYPE Issues ( Internal & External) / Uncertainties ( EXPLANANTION OF ISSUES) RISKS / OPPORTUNITIES ACTIONS
interested parties and their needs

Internal Attitude & character of staff Risk: - Provide counselling session (By HR)
causing under-performance Loss of business - Stringen selection during interview
of whole section

Lack of on job training to enhance Risk: HR to provide adequate training

the quality of staffs - Termination of contract
- Loss of business

Staff pay may not commeasurate Risk: To review, assess and adjust regularly
with their experience and - Loss of business
qualification

Limitation on pool of sub- Risk: Publicity

contractors - Cost overun

Job related software not updated Risk: To explore and source for adequate software
- Affecting the achievement of the
objectives
Opportunities:
- New software used may shorten the
time consuming for task related
- New technology introduced to
the company brings new knowledge
and enhanced the skill of the staffs

Insufficient information / data on Date of requirement in Requisition Risk: - To coordinate closely with project team
requisition of materials (causing Form always state as "URGENT" - Ditto - Project team to provide specific information
delay in seeking clarifications) - Project delay and realistic date

Delay in preparation of procurement Risk To provide adequate manpower

schedule Cost overun
 Delay in preparation and Risk To provide adequate manpower
submission of budget reports and Cost overun
VOs

External Insufficient specialist contractors Cartel Risk: To source from oversea / other location
- Cost overun
- Project delay

Price flunctuation It is really depends on the currency Risk: To hatch the currency
exchange. Lower Ringgit value will Cost overun
affected the materials price

Pre-determined suppliers / Risk: To propose alternative equivalent materials

sub-contractors by Employer Cost overun
leading to uncompetitiveness

New requirements / regulations Risk: To regularly update with Authorities and attend
by Authorities Summons / non-compliance to relevent training
statutory & regulatory requirements

Stringen expectations / Risk: To review thouroughly Client's equirements

requirements beyond normal - Project delay during tender stage
markets's practice - Damaged reputation

Delay in issuance / confirmation of Risk: To educate and making sure that all staffs are
drawings / information by Employer - Project delay aware on the contractual obligationas and
- Cost overun entitlement

Interested Employer Risk: Proper planning & monitoring need to be done

Parties Needs and expectations: Loss of business in making sure that project delivered and
- To deliver project on-time and completed on time and within budget
within budget

Sub-contractor Risk : Timely submission from & certification

Needs and expectations: Damaged reputation
- To receive payment promptly
- To resolve final account promptly
Supplier Risk: Submit Delivery Order to Finance on time
Needs and expectations: Damaged reputation
- To receive payment promptly

Project Team Risk: Realistic project planning

Needs and expectations: Project delay by 50%
- Sub-contractors to onboard
promptly
- Materials delivery on time

Technical Department Risk: Proper monitoring & coordination

Needs and expectations: Loss of business
- To provide relevant information
for tender submission

Finance Department Risk: To provide adequate project staff

Needs and expectations: - Damaged reputation
- To receive sub-contractor - Customer satisfaction level at the
certificates on time worst category

Quality Management Department Risk: Conduct awareness training and periodic

Needs and expectations: - Customer satisfaction at the worst checking and review
-To ensure full compliance of category
ISO 9001
RISKS AND OPPORTUNITIES ASSESSMENT
TYPE Issues ( Internal & External) /
interested parties and their needs
Internal Inefficient legal documentation
- Poor management of contract
which may cause / lead to potential
claim from sub-contractors
- Delay in processing payment
leads to potential claim (failing
obligation)
External - Keeping up with the new and
changing legislation / laws
- Increasing challenges in
compliance of different law /
legislation ie; comparison Act 2016
Sub-contractors breaking the law
which may lead to potential claim
against the Company
Unclear guideline provided
by BURSA Malaysia in compliant
with the new legislation and
listing requirements
Uncertainties ( EXPLANANTION OF ISSUES)
Improper legal filing and
documentation will lead to have
problem in retrieving and recall
documents, agreements, land titles,
sale and purchase agreements
and etc
- Did not pay sub-contractors timely
- Did not receive payment from
Employer timely
- Non-performed of sub-contractors
challenges in keeping up-to-date
with new legislation/ laws
If external parties engage by WCT did
not comply with the legislation
requires will lead to potential actions
initiate by authority against the
Company
- -
RISKS / OPPORTUNITIES
Risk:
- Increased cost to have lost title
to be replaced
- Lost of information
Risk:
- Potential claims or actions againts
the Company
- Lead to potential claims and actions
against the Employer
Risk:
Effect the work performance
Risk:
- Termination of contract
- Fail to meet customer satisfaction
-Damage reputation
ACTIONS
To prepare a master list for agreement materials,
legal documentationdirectory to facilitate
easy retrievement documents
- Continously evaluate sub-contractors
performance
- Finance to monitor payment schedule
progressively
- Contract to monitor/submit payment claim
on time
To schedule continuose knowledge
enhancement training related to new legislation/
laws
To implement certain checking / evaluation
system to reduce the risk and reduce the
incident of external parties default
-
 Competent external lawyers - - -

Interested Finance Department Risk: To review the agreements diligently

Parties Needs and expectations: Reduce possibility of dispute with
- To advice on the legal risk of Banks
financing documents
- To provide statutory documents

Contract Department Risk: To ensure the JV agreements/ legal documents

Needs and expectations: Reduce the risk of possible dispute incorporated the fair terms and conditions
-To advice on the dispute and with sub-contractor/ JV partners acceptable by parties
claims arising from different projects
- To provide legal document for
tender agreement

Purchasing Department Risk: To ensure supply agreements terms are fair and
Needs and expectations: Reduce the risk of unfair supply acceptable
- To advice on the terms of supply goods terms
agreement , to prepare corprate
guarantee

Subsidiaries Risk: To work with HOD of subsidiaries closely

Needs and expectations: To ensure the subsidiaries comply
- To provide legal documentation with the corporate governant
support
- To pass resolution for
management decision

HR Department Risk: To work closely with HR to resolve any employees

Needs and expectations: Reduce the risk of possible dispute dispute
To provide advise / support on with employees
workers dispute / claims

External Counsel Risk: - To maintain good working relationship with

Needs and expectations: - To manage cases / litigations external counsel
To provide relevant information effectively - To ensure information provided is accurate
wih respect of any law suit / claim - To ensure corprate exercise
completed effectively
 BKS BUILDERS AND INFRA SDN BHD
FORM NO. BBI/FRM/RO/01

REV 0

RISKS AND OPPORTUNITIES REGISTER PAGE 1 of 1

DATE PREPARED :
DEPARTMENT / LOCATION :
DATE REVIEWED :

ISSUES AND UNCERTAINTIES
(Internal, External ) / Hazards /
TYPE
INTERESTED PARTIES AND
NEEDS)- SOURCE OF RISKS
EFFECTIVENESS OF
ACTIONS TAKEN
WHAT WOULD HAPPEN (DUE
RISK ( CONSEQUENCES FROM ACTIONS TO ADDRESS STATUS OF ACTIONS ( 6 (OCCURRENCE OF RISKS ADDITIONAL ACTIONS IF
TO THE SOURCE OF RISKS / P I RL = P X I
SOURCE / UNCERTAINTIES) RISKS AND OPPORTUNITIES MONTHLY) AND OPPORTUNITIES) - NOT EFFECTIVE
UNCERTAINTIES)
YEARLY BEFORE
MANAGEMENT REVIEW

PREPARED
BY : APPROVED BY : ____________________________