INGENIEUR
Risk Management during the
Construction Stage
A risk assessment study was conducted to assist
in the decision-making process of determining
what was the acceptable level of risk and which
options provide the most suitable risk reduction
measures. A risk management framework was
established for the project, as shown in Figure 4.
The process of risk management involved several
phases, namely: risk identification, risk estimation,
risk aversion and risk control.
The process involved in the implementation
of the risk management plan developed for the
construction stage of the project is depicted
in Figure 5. Workshops were conducted to
identify risk factors and deliberate on the likely
consequences and risk ratings of the risk
Risk Management Workshops
(Idenfity Rating and Action Plan)
Establish Risk Log / Register
Incorporate Risk Mitigation Measures in
Construction Method Statements
Monitoring & Supervision
Weekly Site Meeting to Resolve Risk Issues
Implement Hold Points / Gates
Figure 6 – A Three Tiered Risk Management Plan
elements. A risk register, together with mitigation
measures was created, and a risk control plan
for implementation during construction was
established.
A three-tiered risk management plan was
formulated for the project and the process
involved is illustrated in Figure 6. In Level 1 risk
assessment, a qualitative method was used
for quick evaluation of the risks. In those cases
where the risk ratings were high, they were
moved to Level 2. Level 3 dealt with cases where
the probability of failure was uncertain, but the
consequences could be very high involving loss
of life, extensive damage to the environment and
economic losses.
Review by Independent Consulting Engineer
Level 1 Risk Assessment
Resolve Difficult Cases by
Risk Management Committee
Figure 5 – Process in Implementation of Project
Risk Management Plan
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JUNE 2013 2018
A workshop was conducted to deliberate on
approximately 50 identified risk factors. Various
risk categories covering technical, environmental,
legal, contractual and financial ris ks were
evaluated. In the category of technical risk, risks
were organised further according to their particular