CM - Risk Management

Question 1

What is the underlying principle of risk management?

Answer 1

To control the effects of uncertainty on all aspects of a project.

Question 2

Where does uncertainty in a project arise from?

Answer 2

Technology effects, physical effects, people effects, managerial effects, political effects, financial effects.

Question 3

What is a hazard?

Answer 3

Something that has the potential to do harm

Question 4

What is a risk?

Answer 4

The effect of the hazard

Question 5

What is a risk assesement?

Answer 5

A process in which hazards are identified and the risk associated with each hazard is evaluated.

Question 6

What is risk management?

Answer 6

The process to control and minimise risk and thereby improve performance.

Question 7

What are the 4 steps of risk management?

Answer 7

Identify, analyse, mitgiate, monitor and control

Question 8

What are the common methods of risk management - identification?

Answer 8

Using a checklist from similar construction projects, working with others to brainstorm ideas.

Question 9

What are some risks to do with construction?

Answer 9

Changes in the work
Site access
Level of detail design delivered by the owner
Availability of resources
Accidents
Damage to persons or property
Defective design
Cost of tests and samples
Actual quantities of work
Equipment commissioning

Question 10

What are some financial risks?

Answer 10

Inflation
Funding

Question 11

What are some risks to do with performance?

Answer 11

Productivity of labour
Productivity of equipment
Suitability of materials
Defective work
Labour disputes

Question 12

What are some risks to do with security?

Answer 12

Vandalism
Terrorism
Negligence
Intrusion

Question 13

What are some contractual and legal risks?

Answer 13

Delayed payment on contracts
Change order negotiation
Insolvency of contractor

Question 14

What are some physical risks associated with a project?

Answer 14

Subsurface geology/geotechnical conditions
Topography
Natural catastrophes
Archaeological discoveries
Identification of underground site features

Question 15

What are some political and societal risks associated with a project?

Answer 15

Environmental pressures
Regulations
Public disorder
Strike

Question 16

What is a way for determining the severity of a risk?

Answer 16

Risk rating = likelyhood x severity

Question 17

What are 2 methods of analysing risk?

Answer 17

Fault-tree analysis, Monte Carlo simulations

Question 18

If a risk has a high likelyhood, and impact, what risk rating would it be associated with?

Answer 18

A high risk rating.

Question 19

What are the typical approaches with mitigating risks?

Answer 19

Eliminating, transferring to other parties or share risks, insure against the occurence.

Question 20

In terms of monitoring risk, what do all parties have to do?

Answer 20

Identify who is responsible for monitoring the risk, identify the frequency it will be monitored and reported, distribute updates of the risk register.

Question 21

What does the Health and Safety work act of 1974 do?

Answer 21

Provides basis for H&S law in UK.
Sets out general duties that employers have towards employees and members of the public, and employees have to themselves and each other

Question 22

What is the Construction (Design and Management) Regulations 2015 used for?

Answer 22

Legalisation specific to the construction industry, integrates H&S into project management by identifying hazards early.

Question 23

The Construction (Design and Management) Regulations 2015 places specific duties on 4 key duty holders, who are they?

Answer 23

1 - Client
2 - Principal Contractor
3 - Principal designer
4 - Designer

Question 24

What duties does the client have?

Answer 24

Make arrangements for managing the project.

Question 25

What duties does the principal contractor have for H&S?

Answer 25

Plan and manage the construction phase and coordinate H&S during construction.

Question 26

What duties does the principal designer have?

Answer 26

Coordinate design activities in the pre construction phase to ensure that all hazards are identified and controlled during construction,

Question 27

What does 'ERIC' stand for?

Answer 27

Eliminate, reduce, inform and control

Question 28

What does the Construction Regulations 2015 highlight?

Answer 28

Requirements for particular risks on site, e.g. demolitions and excavations

Question 29

Who designs the pre-tender health and safety plan?

Answer 29

The principal designer

Question 30

Who designs the construction phase health and safety plan?

Answer 30

The principal contractor

Question 31

What sort of actions are taken for accidents?

Answer 31

Fines and prison sentences.

Question 32

What does a 'SMS' do?

Answer 32

Identify hazards and assess risks Develop strategies to mitigate risk Ensure everyone is aware and monitor.

Question 33

What is the policy in a SMS?

Answer 33

To establish management's commitment to improving safety, and to foster a culture where H&S is intrinsic, and communicate to all employees.

Question 34

Who is responsible for organistation of a safety management system?

Answer 34

Corporate management, and project/site management.

Question 35

Who is responsible for planning and risk assement in a Safety management system?

Answer 35

Designers coordinate H&S prior to construction and produce pre-construction phase H%S plan

Question 36

What are the 2 sections of a plan and risk assesment?

Answer 36

The routine activity, and issues that could make it a 'non-routine activity'

Question 37

Why is the production of method statements a standard industry practice?

Answer 37

To ensure a safe system of work.

Question 38

What is the most effective way of managing risk?

Answer 38

Eliminating the risk

Question 39

What is the least effective way of managing a risk?

Answer 39

PPE

Question 40

What are some key points about implementing a safety management system?

Answer 40

Implement training, communicate and use permits for high risk activities.

Question 41

When is ther no point in developing a comprehensive plan?

Answer 41

If it is not followed on site.

Question 42

Why is monitoring a safety management system important>?

Answer 42

To ensure safe methods are being used, helps assess how effectively risks are being controlled.

Question 43

After auditing, what are you able to do in a safety management system?

Answer 43

Feedback and loop back to policies for performance improvement.