Based on assignments XXXXXXXXXXand 109534 assignment XXXXXXXXXXdid not receive a good great and i asked for revision for this assignment Project Proposal: Execution, Control, and Closure Overview...

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Project Proposal: Execution, Control, and Closure
1. Create a plan for project oversight that includes identifying the project’s greatest challenges and mitigation recommendations. The plan should also include rationale for why the selected challenges are the greatest challenges and why the chosen mitigation recommendations were made.
Ans.
Risk identification
Any construction project has certain associated risks. In this context, a risk is defined as an event which can result in an adverse impact on the project. Risks (PMP, n.d.) on a project can be categorised as being of strategic nature or operational. Operational risks will be primarily considered as the execution of works is related to the day-to-day activities.
Risk identification
Risk Management
Risk Assessment
Risk planning and management
Risk monitoring
List of risks (from WBS activities and others)
Risk analysis (Rating)
Risk assessment
Risks will be tackled as follows:
a) Identification:
Produce a list of risks based on the activities to be undertaken under the WBS.
b) Analysis:
A simple rating of the identified risks based on experience was performed. Higher rated risks generally require more complex management while lower rated risks can be accepted.
c) Management:
The major risks will be either accepted, transferred, reduced or avoided. In tasks which must compulsorily be carried out, the associated risks cannot be avoided but can be reduced or accepted. Provisions can be made in terms of time allowances so as to avoid delaying milestones. Otherwise “risk averse” activities can be priced higher.
For example, in work item:
Excavation works:
    No
    Risk
    Management aspect
    Impact on project
    Rating (Low, Medium or High)
    Management
    Solution
    1
    Local inhabitants disturbed due to execution of works
    Time
    Can affect project start
    Medium
    Reduce
    Carry out stakeholder meeting at start of project
    2
    Inclement weather conditions < Contractual allowance (mm rain) for extension of time
    Time
    Excavation works delayed
    High
    Accept
    Increase duration of activities likely to be affected
    3
    Liaison with Authorities (CWA, CEB)
    Time
    Pipelaying works delayed
    High
    Accept
    Consider additional time in P.O.W.
    4
    Material ordered less than expected
    Time
    Delay
    Medium
    Reduce
    Add contingency 10% on all orders
    5
    Health and safety
    Time, cost
    Delay due to involvement of...