Suppose, stakeholders allot $250,000 to manage the project risks and after completion of the project, a project manager will calculate all the costs used in the risk management. The total costs used to manage the risks will determine the risks management outcome of completed projects. If the planned costs to manage the risks are higher than the actual costs, the risk management carried out for the project is not effective. However, if the planned costs for the risk management are equal or less than the actual costs, there is an effectiveness procedure used in the risk management for the completed projects.
Moreover, overall project costs are another determinant to assess the risk management outcomes of completed projects. The planned costs of a project vs. The actual costs of a project determine the risks management outcome of completed projects. If the planned costs are higher than the actual costs used to complete a project, the risk management used to manage a project is not effective. However, if the planned costs is less than or equal to the actual costs used to complete a project, the risk management process is effective.
More importantly, the project schedule is another method to assess the risk management outcome of completed project. Project schedule is the actual date allotted for the completion of a project. The project schedule for the project must match the actual date to complete project to achieve a quality risk management outcome. If the actual date of project completion is more than the date schedule for the project completion, stakeholders are not being effective in carrying out the risk management procedure.
The quality and scope of a completed project are other criteria to assess the risk management outcomes of completed projects. Planned quality of a project must match the actual quality of project delivered to achieve a positive project outcome.
Recommendation needs to be done if the risk management outcome is not effective to enhance effective risk management in the future project.
2.1: Recommendations and Document Improvement
To enhance positive outcome from the risk management, project stakeholders should carry out risk management analysis before starting the project. The risk management analysis should involve identification of the risks that is likely to occur within...
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Building Materials If one is going to build a home or a business, one needs good materials with which to construct those dwellings. However, most of the materials that are used in construction projects in Iran are far from meeting international standards (Babai, 2011). They are of a low quality, and they do not hold up in the way that they would if high quality materials had been used. Many of
This would help to cut costs, and was seen as a significant problem as evidenced by the table on page 2. Another important issue was the consequences of using construction material that is substandard, meaning that the materials may be more difficult to work with and they not be as reliable and durable. Most individuals did not want to use these products, but there are often no other choices.
This is when the available supply will address demand. References Construction Logistics Management, 2010, CMS. Available from: [21 February 2012]. Construction Materials, 2009, Encyclopedia Iranica. Available from: [18 February 2012]. Iran, 2012, CIA. Available from: [17 February 2012]. Iran's Budget Shortfalls, 2009, PR Log. Available from: [21 Feb 2010] Iran Building Construction and Investment Opportunity, 2011, Business Wire. Available from: [20 February 2012]. Iran's Real Estate and Construction Industry, 2011, Dazzel
(CPA News, 2008) It is related in the CPA News article that brand and marketing strategy should involve making clients aware of the green building services of the firm prior to beginning construction on a new green building or in the case in which they are thinking about "retrofitting an existing one. There are substantial tax deductions available..." (2008) for both. FINDINGS & CONCLUSION It has been indicated in this study that
……How Veterans Can Make a Positive Impact on Workforce Development in the Construction IndustryABSTRACTThe U.S. construction industry faces significant workforce development challenges, mostly in terms of labor shortage. Addressing this challenge is important for meeting the present and future needs of the industry. Hiring veterans is a valuable way through which the construction industry may overcome the workforce development challenges it faces. In spite of the several initiatives introduced by
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