Running Header: RISK MANAGEMENT PLAN TEMPLATE 1
RISK MANAGEMENT PLAN TEMPLATE 5
Risk management plan template
Student’s Name
Professor’s Name
Date
Risk management plan
“A risk management plan” is an inscribed record that facts the companies’ process of managing risk. This procedure begins by generating a group of shareholders in an entire company to assess probable dangers to the company. This shareholder group must comprise a high-ranking executive, the compliance official, and any section managers. If the company is constructing a building, then every project boss from every project team must as well be comprised to assess the management of the project and counter to risks of the project (Carpenter, M. T. 2019).
|
15 STOREY BUILDING RISK MANAGEMENT PLAN FOR THE WORKPLACE
|
|
The plan is prepared by
|
Construction Engineer
|
|
Responsible Person
|
Foreman
|
|
The person controlling the activities
|
Construction Engineer
|
|
15 STOREY BUILDING RISK ASSESSMENT
|
|
Fill in the procedure for 15 story Building
|
Responsible person
|
Date
|
Control
|
|
Risk Assessment
|
Occupational Safety and health officer.
|
2nd day
|
|
|
Assessment using the checklist
|
Occupational Safety and health officer.
|
5th day
|
|
|
PREVENTIVE MEASURE IN 15 STORY BUILDING CONSTRUCTION
|
|
Fill in the needed risk preventive measures
|
Responsible person
|
Date
|
Control/Measures
|
|
1
|
Company preventive measures
|
|
|
|
|
|
Planning of the project
|
Construction Engineer
|
Before start
|
Fencing of the site
|
|
|
During the actual project
|
Foreman and engineer
|
During the construction
|
Development and enforcement of safety rules. I.e. No working when sick. Ensuring a conducive environment (G. R. Stephenson. 2015).
|
|
2
|
Technical privative measures
|
|
|
|
|
|
The tool, equipment, and machinery
|
Foreman and engineer
|
Daily basis
|
Ensuring daily maintenance and repair of the equipment’s (Heldman, K. 2018).
|
|
|
Working skills
|
Foreman and engineer
|
Before the start
|
Ensure skilled labor where needed (Inhofe, J. M. 2017).
|
|
3
|
Protective clothing and PPE
|
|
|
|
|
|
Clothing
|
Engineer
|
Before the start
|
Ensure wearing the correct attire every working hours (Heldman, K. 2018).
|
|
|
Head and face protection
|
Engineer
|
Before the start
|
Ensure availability of helmet (Inhofe, J. M. 2017).
|
|
Risk identification
This is the second level of creating a “risk management plan" and it lies in studying digital possessions for instance networks, systems, software, vendors, devices, and data. Labeling these properties then permits the group members to recognize assets risks. Uncertain occurrence or risk is capable to be a negative or positive condition that has an operational, financial, or reputational influence (Munier, N. 2017).
Risk Identification
|
Risk
|
Risk Identification
|
Causes
|
Consequences
|
Likelihood
|
Impact
|
Risk Rating
|
Control
|
|
1
|
Accidents while working.
|
They might be caused by the lack wearing of the correct gears. They might also be caused by workers who are not skilled in this field (Scheule, H., & Rösch, D. 2015).
|
This might result to delay of the actual plan to complete the project. It might also result in the company incurring an extra cost (Scheule, H., & Rösch, D. 2015).
|
Possible
|
Moderate
|
Moderate
|
Ensure that the environment is conducive and also all the workers are skilled when handling specific fields (Scheule, H., & Rösch, D. (2015).
|
|
2
|
Delayed supply of construction material
|
This might be caused by inaccurate prediction of time and distance between the offsite and onsite. This might also be caused by unexpected calamities (Sweeting, P. 2015).
|
The time plan might be altered hence delaying time to complete the project. Extra costs might be incurred since workers will have to be paid (Sweeting, P. 2015).
|
Unlikely
|
High
|
High
|
This can be prevented by setting the two sites at a close location. An alternative means to transport the materials should be considered (Sweeting, P. 2015).
|
|
3
|
Inflation of costs of the construction materials.
|
This might be caused by government sanctions to tax more on good to raise the tax. Natural pandemics might as well lead to inflation since there is no circulation of money in the economy (Munier, N. 2017).
|
The initial budget might be altered forcing the company to have a different plan rather than the initial one that they had. As a result, the goal will not have been achieved (Munier, N. 2017).
|
Unlikely
|
Low
|
Low
|
During the time of planning, the committee should have a higher budget and an emergency kitty which will serve just in case such an eventuality can happen (Munier, N. 2017).
|
References
Carpenter, M. T. (2019). The "risk-wise" Risk management planning process. John Wiley & Sons.
G. R. Stephenson. (2015). Risk management plan. https://doi.org/10.2172/791347
Heldman, K. (2018). Project manager's spotlight on risk management. John Wiley & Sons.
Inhofe, J. M. (2017). EPA's risk management plan (RMP) program: Congressional hearing. DIANE Publishing.
/Munier, N. (2017). Risk identification. Risk Management for Engineering Projects, 61-112. https://doi.org/10.1007/978-3-319-05251-9_4
Scheule, H., & Rösch, D. (2015). Model risk: Identification, measurement and management.
Sweeting, P. (2015). Risk identification. Financial Enterprise Risk Management, 126-133. https://doi.org/10.1017/9781316882214.009
Discount Assign
Riskmanagementplantemplate4.docx
