CONM46266 Managing Construction Project 2

UNIT B Assignment:  Risk Analysis & Mangement

This assignment contributes 30% of the portfolio marks for the overall module assessment.

Coursework Brief:

Using your project from Managing Construction Projects 1:

• Identify and assign the pessimistic, most likely and optimistic time and cost for each activity.

• Identify ten positive risks and ten negative risks associated with the project. Analyse each of these risks and produce a risk mitigation strategey for each.

• Identify and establish weather profiles for the region.

• Using the Oracle Primavera Risk Manager Software and taking into account the identified risks & weather profiles establish:
  1. The time distribution profile for the project and identify the probable duration and completion date for the project at 80% confidence.
  2. The cost distribution profile for the project and the probable cost of the project at 80% confidence.
  3. Risk analysis and mitigation strategies report.

Indicative weightings for assessemnt

• Activity Durations 5%
• Risk identification & analysis 25%
• Weather profiles. 20%
• Risk Simulation/Analysis 50%