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Select a defined construction project and each group should deliver three major deliverables. First, the...

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Accounting

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Select a defined construction project and each group should deliver three major deliverables. First, the students should list the major risks which can be identified in their assignment. The identified risks should be separated by each stage or phase of construction project life cycle. For each phase, at least 5 major risks and minimum one positive risk should be identified. As on output, the risk register should also be prepared. Second, each group must conduct a qualitative analysis. This analysis should reflect the probability and impact on project's objectives. For each risk the score should be calculated and will be a base for prioritizing project risks. Finally, following the qualitative analysis, each group must prepare a high- level risk response plan. This is a proactive approach which determines what strategy can be appropriate for the identified risks of a construction project. See yourself as a construction project manager and you can make all necessary assumptions during analysis. Therefore, the main three outputs of this Assignment are as follows: 8 Project risk register Project risk analysis/PI Matrix Project risk response plan

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