Evaluation Of The Construction Of Terminal B At Laguardia Airport Essay

1070 WordsSep 26, 20165 Pages
2. Prioritization of Risks It is important to prioritize all the risks identified, while considering their different scores. Indeed, we’ve prioritized both positive and negative risks separately so that we are not ignoring those positive risks with very low scores. Furthermore, our project team will mainly focus on risks with high rank, and therefore respond to them at first as shown in Appendix H. Table 1: Top Five Positive Risks for the Renovation of Terminal B at LaGuardia Airport Rank Risk Name Probability Impact Score 1 Reputation Risk VH VH 0.72 2 Safety, Security and Health Risk H VH 0.56 3 Quality control and testing methods H VH 0.56 4 Construction technology available H VH 0.56 5 Project Funding Risk H H 0.56 Table 2: Top Five Negative Risks to the Renovation of Terminal B at LaGuardia airport Rank Risk Name Probability Impact Score 1 Stakeholders request late changes L VH 0.24 2 The construction materials used for each building can contain harmful and dangerous substances that can impact the health of people in and around the building. L VH 0.24 3 Design errors can cause several catastrophic accidents that could result in the death or injury of workers. L VH 0.24 4 Inaccurate contract time estimate L VH 0.12 5 New or revised design standards L H 0.12 3. Risk Categorization Risk hot spots and causes of risks were identified after we’ve performed risk categorization. Indeed, the Risk Breakdown Structure helps us identify eventual areas that may threaten our

More about Evaluation Of The Construction Of Terminal B At Laguardia Airport Essay

Open Document