In: Operations Management
a.Designers create many risks.Contractors can mostly only mange the risks,while the workers have to endure them.What is your understanding of this statement in relation to health and safety management?
b.How would you define a project risk?
c.What are the important aspects of a project risk?
a) Answer:
By this declaration, we will recognize that the risk in any system is generated by the person who designs it as the initial step in which the designers begin to build any system. All powers involved and various steps must be focused and the functional steps of the system must be discussed. Following that the contractors manage the building process and can only control the risks by telling them if any defects in some plan or design are found. After this, the employees will be guided by the contract or, so to speak, the risk management will be done by the contractor as if he fails to observe properly the design of the architect, there may be problems with structural safety. The workers handle their last stage and perform as they are told and take all their stamina if there is a fault and in certain situations the workers will have to repair a certain process due to some mistake. Thus, we can understand from the statement that this is a process that requires several phases because only one person can be the risk factor of the structure.
b) Answer:
The risk of the project can be defined as an uncertain event and there are certain losses as if that happens. Such losses may be cost-effective or may damage the lives of those associated with the project if they arise after project finishes.
C) Answer:
There are different types of project risk, as the safety risks of citizens and the environment are required to be reduced. The following are the following aspects:
Ensure that, although out of the reach of the project, all applicable risks are defined. It will guarantee greater protection.
The main source of uncertainty might not be event risk. There could be other threats as well.
All risks should be taken into account and managers should adopt an integrated risk management strategy.
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