StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

Risk Management in Electrical Project - Example

Cite this document
Summary
The paper “Risk Management in Electrical Project” is a cogent example of the business plan on management. This paper discusses risk management in an electrical project where it defines what risk management and safety entails. This paper discussed eight elements of risk management in electrical projects…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful

Extract of sample "Risk Management in Electrical Project"

Download file to see previous pages

The paper “Risk Management in Electrical Project” is a cogent example of the business plan on management. This paper discusses risk management in an electrical project where it defines what risk management and safety entails. This paper discussed eight elements of risk management in electrical projects. Project safety is where a combined set of activities that are stipulated to be carried out within a given timeframe to achieve a specific objective are protected from any form of hind races that could be either physical, psychological, emotional, political, spiritual, or even social. These challenges may be contributed by a wide variety of factors which if not properly handled may affect the desired output of the project negatively. Hence proper safety measures need to be initiated to counter these undesirable challenges that may arise in the course of the entire project.

An environmental impact for as will be discussed is the influence that the entire project of installing electricity in rural settlement schemes has on the surrounding earth's surface. The paper found that there are a number of risks associated with these activities which may influence a number of aspects including the project management process. Politics in an organization can dictate the undertaking of the project in so many ways especially where there is competition amongst the parties involved in the project. The political temperature can be so severe to extend that the whole process is rendered useless. The state of the economy of an organization and its financial muscles further dictate the type of projects that can be undertaken by such organizations.

1.0Introduction
Leach (2014) defines risk management as a systematic process of identifying, assessing, and taking actions in a company to help in protecting against any unforeseen occurrence. Albert and Hallowell (2013) define risk as the ability of future occurrence of the risk and such occurrences result in harm or losses to the company while at the same time resulting in opportunities. In most cases, risk management should be used specifically as preventive measures as opposed to reactive measures in a company. Most project benefits mostly through considering their risks when they are doing well in order to maintain growth and sustainability.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Risk Management in Electrical Project Business Plan Example | Topics and Well Written Essays - 8500 words, n.d.)
Risk Management in Electrical Project Business Plan Example | Topics and Well Written Essays - 8500 words. https://studentshare.org/management/2071498-risk-management-for-electrical-project
(Risk Management in Electrical Project Business Plan Example | Topics and Well Written Essays - 8500 Words)
Risk Management in Electrical Project Business Plan Example | Topics and Well Written Essays - 8500 Words. https://studentshare.org/management/2071498-risk-management-for-electrical-project.
“Risk Management in Electrical Project Business Plan Example | Topics and Well Written Essays - 8500 Words”. https://studentshare.org/management/2071498-risk-management-for-electrical-project.
  • Cited: 0 times

CHECK THESE SAMPLES OF Risk Management in Electrical Project

Service Management Fair and Rescue

In it, risk management and risk assessment are applied according to the logic of technology.... This paper proposes a widespread advancement to risk management for OSH in fire safety and fire rescue and an appraisal of available risk management and assessment appliances for a variety of industries the method is helpful in analyzing the risk factors and also predetermining the degree of risks and their impacts that may have to be faced.... The advantages of using risk management techniques as an initial decision maker's perspective are also described....
8 Pages (2000 words) Case Study

Occupational Health and Safety Management - Woolworths Ltd

… The paper 'Occupational Health and Safety management - Woolworths Ltd" is a great example of a management case study.... The paper 'Occupational Health and Safety management - Woolworths Ltd" is a great example of a management case study.... This report will cover the different tasks that are performed in the company stores and that are potential risks to the occupants, the possible risks, control of hazards, and legal implications in the management of hazards....
10 Pages (2500 words) Case Study

Analysis of Premiere Electric and Airex

Her main ability lies in electrical installations, communication, and maintenance.... Premiere electric deals with electrical consulting while Airex deals with waste management.... Brief overview electrical contractor business plan (Premiere Electric) Premiere Electric is an electrical contracting firm that is owned by Robin Sullivan.... She is an experienced electrical contractor being the first female holding a Richmond City Master Electrician license....
10 Pages (2500 words)

Opening a New Sports and Leisure Centre in a New Location

nbsp;The project aimed at opening a new sports and leisure centre in a new location.... The project planners hoped to open up the SLC in 18months once they had the necessary approvals they required that act as a green light that will give room for the commencement of the project.... nbsp;The project aimed at opening a new sports and leisure centre in a new location.... The project planners hoped to open up the SLC in 18months once they had the necessary approvals they required that act as a green light that will give room for the commencement of the project....
7 Pages (1750 words) Case Study

Risk Management

risk management in a small business should not be a separate plan.... … The paper "risk management" is an amazing example of a Management research paper.... To analyze and evaluate identified risks using established risk management methods, tools, and techniques to assist in the analysis and reporting of identified events.... he paper "risk management" is an amazing example of a Management research paper.... To analyze and evaluate identified risks using established risk management methods, tools, and techniques to assist in the analysis and reporting of identified events....
16 Pages (4000 words) Research Paper

Project Management - Electrical Lab with Recreation Center

… The paper 'project Management - Electrical Lab with Recreation Center " is a good example of a management case study.... The purpose of this project is to develop Build and construct electrical lab with Recreation center in Al Ain men's collages.... The duration of the project is 1 year to be completed with the cost of 4 million AED.... The paper 'project Management - Electrical Lab with Recreation Center " is a good example of a management case study....
11 Pages (2750 words) Case Study

Project Management Process and Leadership Role of Project Managers

… The paper “project Management Process and Leadership Role of project Managers” is an impressive example of the case study on management.... Projects require individuals to work together in a temporary situation to meet specific project requirements.... The paper “project Management Process and Leadership Role of project Managers” is an impressive example of the case study on management....
20 Pages (5000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us