Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Project Scope:Building a 200sqm brick house with four insuide bedrooms, double garage, kitchen, lounge and a dining room. The project budget is 800 thousand rands,

Project Scope:Building a 200sqm brick house with four insuide bedrooms, double garage, kitchen, lounge and a dining room. The project budget is 800 thousand rands, and time period of the project is 5 months

Negative risks identified :

Costs overan

Delay in completion

Environmental risks

Design errors

Thefts

Change orders

Safety hazards

Lobor shortage

External risks.

QUESTION

Analyse and critically discuss the strategies(avoid, mitigate, transfer, accept, research) to deal with the negative risks identified. Chose only one strategy for each risk identified

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring The Hospitality Industry

Authors: John R Walker

2nd Edition

013243766X, 9780132437660

More Books

Students also viewed these General Management questions

Question

Are summer stipends available?

Answered: 1 week ago

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago