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Term Paper example - Risks management analysis during Construction stage and Operational stage of the Channel Tunnel Project
Engineering and Construction
Pages 3 (753 words)
Name: Course: Date: Risks management analysis during Construction stage and Operational stage of the Channel Tunnel Project Construction Phase The construction phase falls in the implementation stage of the Channel Tunnel Project. The risk factors involved in this phase are numerous, and thus fundamental analysis and risk management activities are essential to ensure the safety of the project at this stage…
Extract of sample
This serves to mitigate the risk of resource shortage for the project, through the application of the principle of maximizing utilization of the resources, to ensure that they fit into the project schedule. Program monitoring and control is yet another vital risk mitigation concept under the construction phase, which entails consistent and regular evaluation of every single aspect of the project and the timely correction of any errors, to ensure that the construction process progresses without safety threats (Yan-juan, Ding-li, & Jian-jun, 2009 p3). This calls for the full adoption and implementation of the principle of project management discipline, which requires that he project, is monitored consistently in every single activity and aspect of implementation, to notice and eliminate all the issues that could be a risk factor to the project. This is meant to avoid future problems, which could have been addressed at the earlier stages (Clifton, 2011 p49). ...
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