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Careful Risk Management of Implementing A Successful Project in Constructional Industry

Category: Project Management Paper Type: Report Writing Reference: IEEE Words: 300

        Obviously, things don’t always go according to the plan. Therefore, it is essential for the management to be prepared for any problem or risk as the project is being implemented. When it comes to a project regarding the airport construction, there are many problems and risks involved which require to be analyzed to mitigate the failure risk. If a risk or problem occurs as the project is being implemented, it is the duty of a project manager to efficiently handle the problem and will cause no damage to the project. The failure of projects is quite common due to the problems that occur during the integration as managers are unable to stay firm when an issue occurs. Therefore the wise action that the manager can carry out is the preparation of risks during the project’s planning. In fact, the most effective strategy or plan is the one which is properly planned and identifies all potential risks as the airport project is being integrated. Firstly, the manager needs to be sure of the risk’s action plan if a problem occurs during the project’s integration. Along with the impact of risk on the project and its existence, the manager should know about it (PALMER, 2018).

References of Careful Risk Management of Implementing A Successful Project in Constructional Industry

[1]

E. PALMER, "Five Factors That Lead to Successful Projects," 5 OCTOBER 2018. [Online]. Available: https://project-management.com/five-factors-that-lead-to-successful-projects/.

[2]

L. B. Dillon, "Project Implementation," 4 July 2018. [Online]. Available: https://sswm.info/index.php/humanitarian-crises/urban-settings/planning-process-tools/implementation-tools/project-implementation.

[3]

G. Fernández-Sánchez and F. Rodríguez-López, "A methodology to identify sustainability indicators in construction project management—Application to infrastructure projects in Spain," Ecological Indicators, vol. 10, p. 1193–1201, 2010.

[4]

P. Netscher, "10 habits of successful construction project managers," 13 September 2016. [Online]. Available: https://www.linkedin.com/pulse/10-habits-successful-construction-project-managers-paul-netscher.

 

 

 

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