Q2. The management of risk is a key consideration in every construction project. Discuss the approach to risk management

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Q2 The Management Of Risk Is A Key Consideration In Every Construction Project Discuss The Approach To Risk Management 1 (89.11 KiB) Viewed 6 times

Q2. The management of risk is a key consideration in every construction project. Discuss the approach to risk management you would advise the client to take for a significant construction project. You may assume that the project is at initial design stage. (33 marks) Q3. Value can be defined as optimum function for minimum cost. Discuss this statement and recommend a systematic approach that project teams should take to manage value. (33 marks) Q4 You have recently been appointed as West of Ireland Regional Director with an Irish civil engineering contractor. Your company had a turnover of €750m in 2019 with €125m of that turnover generated in your region. You are on target to increase turnover to €150m in the West Region this year and are planning on a further increase to €175m in 2021. Your company directly employs most of the 250 strong workforce and all of the 25 site supervisory staff (including site managers, engineers and quantity surveyors) on their West of Ireland projects. The company also employs 21 staff in the Galway regional office including estimators, purchasing and other admin staff. You are responsible for the management of all of the staff in the region. Over the last number of years, your company (like many of its competitors) has had difficulty in attracting and retaining good quality staff. Discuss how you would motivate the staff in your region to optimise long term productivity and the sustainability of the organisation, clearly stating any assumptions you have made. You should support your answer with relevant management theory. (33 marks)