Another risk that is likely to come out both projects is that of lack of enough finance. The project might not have enough money to the end of the project. There is a need to take this issue into consideration.
The highest risk of all the risks that have been stated above is that of time lapse risk that is associated with residential building project. There is a need to ensure that this risk is well managed so that the continuity of the project will not be affected (Harrison & Lock, 2004).
The two projects will be both interesting and challenging to manage. The one project I would choose to manage is the second one. This is because it has a good timeframe for the completion. Time management is an important factor when managing a project. There is also a good time for preparation. This is because, unlike, the first project which is starting on 1st October, the second project will start on January 15. There is humble time for ...Show more