Discussion and responses
teja_injjam
Response1forJagadish.docxRunning head: RISK BREAKDOWN STRUCTURE 1
RISK BREAKDOWN STRUCTURE 3
Risk Breakdown Structure for Suburban Homes Project
Jagadish Thiruvayipati
University of the Cumberlands.
Risk Breakdown Structure for Suburban Homes Project
To ensure project success, risks must be effectively managed to keep the project on track. Below is a hierarchical structure of risk breakdown for the suburban homes construction project.
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Level 0 |
Level 1 |
Level 2 |
Level 3 |
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Project risk |
Project Management |
Customer and stakeholder |
History and experience with home buyers and culture of local residents around new homes |
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Definition and stability of customer requirements |
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contractual |
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Corporate |
The history, experience and culture of suburban homes project |
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Stability of the organization |
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Financials of suburban homes project |
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External |
Regulators |
Interest groups in the suburban project |
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Political factors and influence from the environment |
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Legal issues from the authorities e.g. labor laws and environmental laws |
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Local community |
Opinion on the project |
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Benefits the community gains from the project |
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Contractors and subcontractors |
Financial market |
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Labor market for the labor they hire |
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Labor conditions employees will engage in |
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Technology |
Requirements |
Complexity of the technology to be used |
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Conditions of using the new designs or technology |
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Scope uncertainty among contractors and project team |
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Performance |
Technology limits |
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Technology maturity |
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Application |
Organizational experience in using the specific technology for new homes |
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Physical resources to apply the technology |
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Personnel skill sets and experience needed to apply the technology |
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Organizational |
Prioritization |
Project priority |
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Decision making |
Stability and timely |
