Every construction project is unique - a different building, constructed on a different site by a different team of workers. Unlike manufactured goods, the product cannot be amended in the next production run. This unique aspect of construction demands a high level of commercial and technical management expertise. Quantity Surveyors and Contracts Managers supply much of the Commercial Management within the industry. For the purposes of this research, the definition of a risk and the concept of risk management are taken from DoDs Risk Management Guide for DOD Acquisition. In this Guide, risk defined as a measure of future uncertainties in achieving program performance goals and objectives within defined cost, schedule and performance constraints. The Guide goes on to note that risks are distinct from in that the cause that may lead to the future situation having a cost, schedule or performance impact has not as yet occurred, whereas that the root cause has in fact already occurred (Pavlak, 2004, pp. 5-14).
Management System for the Contractor on a Construction or Building Contract
The system must have the main objectives of controlling costs and ensuring that you maximise your entitlement under the contract. It should be relatively simple and easy to implement for the staff and workforce on site.
Programme
'Programme Management is coordinating a group of related, and interdependent, projects that support a common strategic objective' (Langford, Male, 2001, pp. 24-97). Which end of the contract-type spectrum depends on the completeness and understanding of the scope of work, the completeness of the design, and the quality of the cost estimate for the proposed construction effort. It concludes that, the architect had overall responsibility for management as well as for design and monitoring of construction, but the architect's allegiance to architecture tended to make the architect place overall project responsibilities at a lower priority than architectural matters (Langford, Male, 2001, pp. 24-97). In addition, architectural education did not equip the architect with the necessary perspectives for such a role. Respondents felt that standardisation should become a priority in the public sector procurement. Not only would this decrease the overall cost, but it could facilitate a more integrated supply chain and result in a decrease, in waste. The BSF programme was criticised heavily for some of its bespoke designs that ultimately compromised the projects and increased cost. If standardisation was to be set out in tender stage and communicated effectively to contractors, projects could benefit immensely from set costs and less risk throughout the procurement process (Gibson, 1996, pp. 274-280).
Risk register
The project management plan, including components of the risk before identifying how the risk registers. The creation of the risk register will begin the process of risk identification with information and is then available for other processes of project management and project risk management (Pavlak, 2004, pp. 5-14). It should be the results contain the other risk management processes as they are ...