a global risk framework
While preparing a presentation on design risk management for the Institution of Structural Engineers I came across the following global risk framework which I thought was worth sharing in its entirety:
The US Department of Transportation (2006) adopts the following risk organisation structure (best viewed on desktop):
| Technical risks | Design process | Owner involvement in design Inadequate and incomplete design Change in seismic criteria Errors in completion of structural / geotechnical / foundation design Wrong selection of materials External data errors (traffic demand, water consumption demand, etc.) Need for design exceptions |
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| Construction risks | Inaccurate contract time estimates Construction procedures Construction occupational safety Work permissions Utilities Late surveys, incomplete or wrong Delayed deliveries and disruptions Worker and site safety Innovative projects Unsuitable equipment and materials Environmental risks (such as projects close to a river, floodplain, coastal zone, high habitat sensitivity, and so on) |
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| Environmental factors | Environmental analysis incomplete or wrong Offsite and onsite wetlands Hazardous waste, preliminary site investigation wrong Lack of specialised staff (biology, anthropology archaeology, etc) Inaccurate assumptions on technical issues in the planning stage Fact sheet requirements (exception to standards) |
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| External risks | Contractual relations | Landowners unwilling to sell Priorities change on existing program Funding changes for fiscal year Stakeholders request late changes( New stakeholders Additional needs requested by stakeholders New information required for permits Inconsistent costs, time, scope, and quality objectives Permits and licences |
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| Force majeure factors | Political factors change (political interference) Political climate Economic instability Market conditions Exchange rate fluctuation Public safety regulation |
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| Social factors | Local communities pose objections | ||||
| Environmental factors | Environmental regulations change Water quality issues New information required for permits Environmental impact statement required Historic site, endangered species, or wetlands present Pressure to compress the environmental schedule |
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| Organisational risks | Inexperienced staff assigned Losing critical staff at crucial points of the project Insufficient time to plan Unanticipated project manager workload Not enough time to plan Priorities change on existing program Inconsistent cost, time, scope, and quality objectives |
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| Project management risks | Project purpose definition, needs, objectives, costs, deliverables are poorly defined or understood No control over staff priorities Too many projects Consultant or contractor delays Estimating and/or scheduling errors Communication breakdown with project team Lack of coordination / communication Inexperienced workforce / inadequate staff / resource availability |