Architectural Risk Management Plan Example

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ARCHITECTURAL RISK MANAGEMENT

4.3 Project Management Implementation Strategy
Sustain-Tech Pty risk management plan will be strategically utilised through communicating all policies to employees, consultants and other related stake holders to ensure project risk aversion and success.
Communications Needs Analysis

Project Objective	Statement of Project Objectives
Project Objective	Internal Stakeholders		External Stakeholders			Project Impact
Issues to Consider Communicating with Stakeholder	Stakeholder	Stakeholder	Stakeholder	Stakeholder	Stakeholder	Impact on project objectives
Design Restrictions as per governing authority regulations	Designer	Director	Client			Project design brief may need to be adjusted to meet governing authority requirements.
Insufficient staff required for project documentation	Director	Project Leader				Project documentation delays pushing back project deadlines.
Specification materials not available	Project Leader		Client			Design may need to be altered due to lack of specified materials
Supply shortage of specified products	Project Leader		Client	Supplier		Design may need to be altered on selection of alternative product or project timeframe will be extended
Incorrect Site Survey Levels	Project Leader	Designer	Client	Land Surveyor		Delays to project to resolve discrepancy of levels in relation to building design
Hardware Failure / Data Loss	Director	Project Leader				Delays in project documentation

4.4 Profession Standards Scheme
As an integral part of all projects, each project must be assessed for compliance to all relevant regulations, codes and legislation such as the Professional Standards Scheme, OH & S Act and the National Construction Code.
4.5 Management & Operational Focus,
Sustain-Tech Pty Ltd will implement in each and every project this risk management plan to ensure all risks are evaluated, considered and actioned throughout the life of the project – from feasibility stage to the tendering stage.
4.6 Engagement of Practical Methods
Sustain-Tech Pty Ltd will utilise all risk management techniques in preparing a detailed assessment of risk for every project. As a part of the risk management, the project will be assessed using risk management methods such as identifying the risk, prioritising, treating, dealing with, controlling and monitoring the risk. Each category will assess the exposure of the risk, the likelihood of the risk and the potential damage from the risk.

Rating	Severe	Major	Moderate	Minor	Negligible
Almost Certain	25	20	15	10	5
Likely	20	16	12	8	4
Possible	15	12	9	6	3
Unlikely	10	8	6	4	2
Rare	5	4	3	2	1

4.7 High Level of Compliance
Sustain-Tech Pty Ltd strives to provide the highest level of risk management compliance throughout every project. This will be achieved by adopting and actioning the strategic risk management plan policies and objectives integrated into the project management structure.

Risk Criteria	Used In
Consequence Levels: The scale used to assess consequence levels	Risk Analysis
Consequence Table: Matrix where consequence levels are described for different types of consequences	Risk Analysis
Likelihood table: Scale used to assess the likelihood of risk	Risk Analysis
Control of effectiveness: Scale used to assess risk controls	Risk Analysis
Risk Matrix: Technique used to combine consequence and likelihood to determine the level of risk	Risk Analysis
Risk actions & escalation points: Describes the escalation actions required for each risk level	Risk Analysis
Risk tolerance table: Defines the response to the risk depending on whether or not to accept or tolerate risk	Risk Analysis

The following project risk management strategies will be utilised and implemented into each project risk management plan:
4.8 Company Structure

4.8.1 Company Acceptance of project Risk Management
Sustain-Tech Pty Ltd accepts the responsibility of implementing a risk management plan for each project to ensure strategic risk assessment and management are incorporated into all stages of the project.
4.8.2 Common Understanding
Sustain-Tech Pty Ltd will ensure all stakeholders within the scope of the project will understand the risks involved within the project, each stakeholder’s responsibilities to the risk throughout the project, and assist in identifying the risk for each stakeholder as a part of the risk management plan.
4.8.3 Control & Monitoring
Sustain-Tech Pty Ltd will ensure the identification of risk throughout the project will be managed to reduce, eliminate or action the risk appropriately.

4.8.4 Continual Improvement
As a major part of the risk management plan, Sustain-Tech Pty Ltd will endeavour to improve risk analysis of projects to ensure best risk management techniques are utilised in identifying and managing risk.

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