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Risk in building house - Research Paper Example

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These uncertainties or risks must be taken into account when we undertake a project. This paper will expansively present the risks involved…
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Risk in building house

This step will help in simplifying the complex process.
This step is also very important and every potential risk must be made note of and it should be dealt with accordingly. There are several risks involved in building a house and one needs to be very cautious not to ignore any risks. This step will facilitate all the other steps and it will decrease the level of uncertainty.
This step is one of the most important steps of all, the risks that have been made note of should be dealt with and the best way of dealing with these risks is to have backups or plan B. Plan B is very useful and it again brings down the level of risk.
These steps are dependent and one cannot be completed without the support of the other, monitoring is another very important step and if this is not incorporated then the whole process may fail. Monitoring reduces the risks involved in building a house, after the process of planning is completed, it is essential to ensure that the steps decided must be incorporated and this is where monitoring and controlling comes into the picture. Maintaining a risk register is also important and all these steps should be followed when one decides to build a house in order to bring down the level of uncertainty involved in this complicated process.
It is integral to divide this perplexing process into two namely Mitigation and contingency. When it comes to receiving the material for the house, it must be ensured that everything is received well before the deadline and a deadline of one week is set. As far as the mitigation is concerned, one must find another vendor should the primary vendor fail to provide the material required to build the house. The weather conditions is another aspect that requires great deal of attention, it must be checked beforehand and it must be made sure that the conditions are ideal for the workers to start the ... Read More
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