Risk in building house - Research Paper Example

Comments (0) Cite this document
These uncertainties or risks must be taken into account when we undertake a project. This paper will expansively present the risks involved…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.6% of users find it useful
Risk in building house
Read TextPreview

Extract of sample "Risk in building house"

Client’s 26 October 2009 There are myriad uncertainties that we come across in our everyday life, these uncertainties sometimes have atelling impact on our lives. These uncertainties or risks must be taken into account when we undertake a project. This paper will expansively present the risks involved in building a house, this paper will also throw light upon how these risks can be taken into account and how these risks can be avoided by proper planning.
Risk Management planning:
It is very important to plan and take into consideration the various risks involved in the process of building a house. A note must be made of all the potential risks and the remedies to counter these risks must also be written side by side. This step will help in simplifying the complex process.
Risk Identification:
This step is also very important and every potential risk must be made note of and it should be dealt with accordingly. There are several risks involved in building a house and one needs to be very cautious not to ignore any risks. This step will facilitate all the other steps and it will decrease the level of uncertainty.
Qualitative risk analysis:
This step is one of the most important steps of all, the risks that have been made note of should be dealt with and the best way of dealing with these risks is to have backups or plan B. Plan B is very useful and it again brings down the level of risk.
Monitoring and Control:
These steps are dependent and one cannot be completed without the support of the other, monitoring is another very important step and if this is not incorporated then the whole process may fail. Monitoring reduces the risks involved in building a house, after the process of planning is completed, it is essential to ensure that the steps decided must be incorporated and this is where monitoring and controlling comes into the picture. Maintaining a risk register is also important and all these steps should be followed when one decides to build a house in order to bring down the level of uncertainty involved in this complicated process.
This concept can be better explained with the help of a table
A. Scope document approval delayed will set schedule back
B. Site survey not excepted will halt the project
C. Permits cannot be obtained will stop the project
D. Open hole inspection failed will cause new holes to be dug
E. Foundation inspection failed will cause the laying of a new foundation
F. Material delivery phase 1 delayed will set back the schedule
G. Rough framing inspection failed will cause framing to redone
H. Material delivery phase 2 delayed will set back project schedule
I. Electrical inspection failed will cause the electric to be done over
J. Final electrical inspection failed will cause the electric to be done over
K. Final inspection failed will cause the team to fix what is wrong
L. Lost work days due to bad weather will set back the schedule
M. Labour is insufficient will cause construction mistakes and set back the project
N. Project goes over budget will cause our team to come out of pocket
O. Material costs rise will cause the team to lose profit
P. Bad weather prevents pouring of cement will set back the schedule
It is integral to divide this perplexing process into two namely Mitigation and contingency. When it comes to receiving the material for the house, it must be ensured that everything is received well before the deadline and a deadline of one week is set. As far as the mitigation is concerned, one must find another vendor should the primary vendor fail to provide the material required to build the house. The weather conditions is another aspect that requires great deal of attention, it must be checked beforehand and it must be made sure that the conditions are ideal for the workers to start the process. The foundation hole must be covered at all costs if the weather is inopportune.
A copy of the specs must be received by the project manager and he must ensure that the specs align. If this does not happen then small adjustments must be made to cover all the risks. The contractor and the client are the two most important parties involved in this process; they must meet very frequently in order to ensure that everything goes according to the plan. Expertise is pivotal in this process and it must be ensured that top-notch people are recruited for the job, the role of plumber is also very important and it must be ensured that the best plumbers are hired to facilitate this complicated process. The leaked pipes if any can upset the applecart and all water pipes must be extensively checked after the workers are done for the day. This can cause a lot of problems and can result in a loss of funds; hence it is very important to ensure that no leaked water pipes are used at the construction site. This is where the plumbers play a crucial role, after the process of plumbing is done if the pipes leak, it can cause a lot of trouble. It can result in loss of too many important things like money, time, effort and many more important things. This is why this step is very important and must be taken care of at all costs. To conclude it is important to keep a check on the damage caused by the workers and any sort of damage must be fixed and whatever material has been used should be kept at an appropriate place in order to ensure cleanliness in the vicinity. Read More
Cite this document
  • APA
  • MLA
(“Risk in building house Research Paper Example | Topics and Well Written Essays - 500 words”, n.d.)
Risk in building house Research Paper Example | Topics and Well Written Essays - 500 words. Retrieved from
(Risk in Building House Research Paper Example | Topics and Well Written Essays - 500 Words)
Risk in Building House Research Paper Example | Topics and Well Written Essays - 500 Words.
“Risk in Building House Research Paper Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Risk in building house

Building a House for the Handicapped

...? Building a House for the Handicapped Definition a. Managing the Project Process i. Stakeholders: The stakeholders for this project include members of the handicapped community, relevant construction experts, disabilities advocates and the funding programme (possible federal funding). ii. Managing strategic choices: Strategic choices are used to manage the element of uncertainty in a planned fashion during a project. (Institute for Manufacturing, 2011) The strategic choices for this project will be managed best through a continuous iterative cycle composed of: shaping; designing; comparing; choosing. iii. Benefits analysis: A benefit analysis must be carried out to ensure that the project is justified. A...
7 Pages(1750 words)Term Paper

Kappe House and Stahl House

... between 1965 and 1967, by architect Raymond Kappe on a hillside with many trees, as his own residence (Raymond, 17). Considering that the land on which the house is constructed is a steep hill, then, designing a structure that would well be accommodated by such land topography was a challenging task. The house was constructed using glass and wood, but there had to be established firm support for the house, due to the steepness of its location. This being the case, Kappe build six concrete towers to support the house and ensure it would withstand all forces while remaining more stable (Kevin, 4). The size of the house is 370 square meters, raised on decks to avoid the effects of underground springs, such as busting of such springs... at the...
8 Pages(2000 words)Research Paper

House Music

...House Music House music has been around for more than a decade and has an unmistakable sound. With its electronic beat and remix of new and old music, it is being heard in dance clubs around the world. What has made this type of music so popular It would appear that one isn't able to turn on the radio without hearing a song that has a deep bass beat and catchy lyrics. Even some of the more popular television commercials use some form of house music in the background. House music is a mutation of disco, which was popular in the 1970's. In 1985 house music began in Chicago as a result of anti-disco movements. Disco records were burned and the quality of disco music went steadily downhill, as the music was mass produced... . An...
4 Pages(1000 words)Essay

Potter House

...Potter House: Legal Ownership and Equitable Interest In 1989, A (then aged 28), B (then aged 16), C (then aged 24) and D (then aged 24) jointly purchased Potter House and the title of the house was conveyed to them as 'beneficial joint tenants'. Before we go into detail on the meaning of beneficial joint tenants, we must take note that at the time of the purchase B was 16 years old and Section 1(6) Law of Property Act 1925 states that the minimum age required in order to be registered as the legal owner of a property is 18. Since B was only 16 years old when the property is purchased, the property may be held on trust. As such, until B reaches the age of majority i.e. 18 years old, his property is held on trust by the other owners... ....
4 Pages(1000 words)Case Study

Iconic building, building underground

...with adequate strength and redundancy that would provide additional capacity of strength. Buildings in addition need to have alternative paths for load transmission for survival should significant building damage occur and improved fire suppressing mechanisms. Designing of a building that is one hundred percent fireproof would be very costly and hence design engineers are faced with the dilemma of trying to produce designs that are both cost effective and possess acceptable levels of safety (Fennelly, 2004). Before the September 11 attacks, the intentional use of commercial airplanes as weapons was beyond the imagination of many, even design builders. Since then, the...
6 Pages(1500 words)Essay

Building a rule based credit risk assessment expert system

...Building a Rule Based Credit Risk Assessment Expert System Explain the Importance of Credit Risk Assessment The credit risk assessment or analysis and credit risk management are vital practices for the financial institutions that provide a loan or credit services to individuals and businesses. Normally, credits can be offered to individuals or businesses to facilitate repayment of their bank mortgages, to purchase vehicles, credit card purchases, and installment purchases among other financial usage. In some cases, credit users may default repayment of these credit and loans services (Hayre 56). Therefore, lending institutions normally deploy numerous...
5 Pages(1250 words)Research Paper

Building a House Utilizing Traditional Brick and Block Construction

... Building a House Utilizing "Traditional" Brick and Block Construction Introduction The traditional brick and block system of house construction still up to date remain the most popular way of house construction. It has been noted that up to 70% of house builders normally prefer this traditional construction method. Brick and block construction is simply carried out by building a foundation followed by double cavity wall. This wall is unique in the sense that it comprises of a square manufactured internal skin and a block assembled external skin (Design materials, 2008; Design materials, 2008). This...
5 Pages(1250 words)Coursework

Random house

... Random House Question One A Porter’s Five Forces analysis of the book publishing industry reveals that a profitable market with the potential to yield high returns attracts new firms. In acknowledgement of this fact, Random House acquired other printing houses in order to grow its operations and decrease new entrants’ profitability. The concept of the threat posed by substitute products is also manifested by the advent of e-books, where customers tend to switch to alternatives. Customers’ buying power is also seen in the book publishing industry when they are presented with more options in the form of e-books. On their part, publishers can exercise their bargaining powers by becoming the largest players in the industry through... market is...
2 Pages(500 words)Assignment

Building a New Sydney Opera House

..., the information provided by modern technology will be very useful for the estimation of this project and other future projects with similar tasks. Scope Management Many people support the concept that the Sydney Opera House was never completed. In 1967 the cost was estimated at 6million dollars and by the time it was completed in 1973 more than 100million dollars had been spent on the project (more than 16 times the original budget). This problem can attributed to several factors including Scope creep. Scope creep is usually a significant risk during the construction of buildings, and so the project management team must tackle the issue of how best to mitigate or avoid this...
11 Pages(2750 words)Essay

Features Of Tenerife Opera House Building Structure

...Features Of Tenerife Opera House Building Structure INTRODUCTION The Tenerife Auditorium in Santa Cruz located in the Canary Islands of Spain, built from 1997 to 2003, was designed by renowned Spanish architect, engineer and urbanist Santiago Calatrava Valls (born 1951). His extensive architectural and engineering practice established in Zurich and Paris designed various types of construction projects such as innovative bridges, canopies, railway stations, museums, concert halls, and towers. Calatrava has received numerous prestigious awards for his designs. His work is distinctive in integrating architecture with engineering, sculpture and art. This helped to reverse the earlier Modernist trend of...
18 Pages(4500 words)Essay
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.

Let us find you another Research Paper on topic Risk in building house for FREE!

Contact Us