Dependent and independent factors of risk management in construction industry.

Q: With an increase in quantities, the unit price drops due to: Reduced contribution of fixed costs…

A: With an increase in quantities, the unit price drops due to economies of scale. The fixed costs does…

Q: What are the primary concepts involved in risk management?

A:

Q: 1.  What types of transactions between the contractor and the owner or engineer/architect should be…

A: Taking Question #1

Q: Explain the levels of process maturity model.

A: in this question we are asked to find level of process maturity model.

Q: What type of guideline is helpful in risk allocation procedures?

A: Any construction project entails risk and there is no chance of removing all the risks related to a…

Q: What might a Compensation Event include

A: A compensation event is an event that is generally not the mistake of the contractor and can change…

Q: xplain on the total comparison analysis between workmen's compensation and contractor all risk…

A: Workers' compensation is a type of plan that offers pay substitution and healthcare benefits to…

Q: What are the principal issues that should be considered in the allocation and assumption of risk…

A: A basic principle of risk management is that owners and contractors should predict future project…

Q: Q1: Explain Value Engineering? Also explain the Significance of value engineering from the following…

A: Value Engineering- It is defined as an organized and systematic approach that can provide important…

Q: Who can best assume the risk at the Risk  Management?

A: Risk is refers to the probability and the consequences of an event. Risk management is the method of…

Q: Determine four reliable sources of building material pricing data

A: Here is the four reliable sources of building material pricing data.

Q: 1. What levels of risk are realistic to assume?

A: Risk and construction, both runs parallel or simultaneously. Even the most carefully planned…

Q: s Construction Project Management differ from other management activities/ work? In Construction…

A: Hi! Thank you for the question As per the honour code, We’ll answer the first question since the…

Q: Construct a conceptual framework abour risk management in construction

A: Risk management: risk management is very important for any type of construction because due to the…

Q: Which principles are essential to an effective risk management program?

A: Risk management is a term used for finding out the potential risks in advance, analyzing the risk,…

Q: Research gap about risk management in construction

A: Risk management is a less popular strategy in the construction sector, but the most important factor…

Q: what is meant by the zone of risk test?

A: Zone of risk test?

Q: Some examples of the risks to building a home are: Wrong designs, Wrong Drainage or wiring issue,…

A: The Risk Response Metrix is given below.

Q: What effect does the introduction of construction company safety programs have on the process of…

A: Answer Introduction The safety program is a very important activity arranged by the firm. It will…

Q: QI/A/ answer a or b a) What project needs to be successful? b) What are the reasons of project fail?

A: (a) Factors that are very important to the success of any project are as follows. Clear Goal of…

Q: What are the types of risk in Risk management?

A: Risk management is used for locating out the possible risks in advance, analyzing the risk, and…

Q: What are the physical risks at risk management?

A: Risk management is used for finding out the potential risks in advance, examining the risk, and…

Q: What are the factors affecting duty

A: The flow of fluid includes movement of an unbalanced fluid. As long as unequalled forces are in…

Q: The following are the potential unethical behavior of a Quantity Surveyor (QS) in preparing the…

A: Quantity Surveyor : Quantity surveyor is a professional expert in construction industry who has…

Q: Is it vital to practise risk management while managing construction or information technology…

A: Risk management is the method of limiting or managing risk. In this process risk is identified and…

Q: What are the steps in competitive bidding (Single-stage

A: Q1 ans The five steps in competitive bidding are: 1) Research and Planning: This progression…

Q: Explain the significance of unit cost in the context of a task order pricing structure.

A: A pricing structure establishes and arranges the prices of your company's goods and services. A…

Q: What are the basics of risk management and uncertainty? Why is it important to understand these…

A: Letus understand what is mean by the risk Risk : risk is accompanied by potential loss Where…

Q: Explain about estimation and costing in construction project management ?

A: The management of projects in construction is a process of management of projects or managing the…

Q: Though risk assessment is commonly used in decision-making in many environmental related problems,…

A: Following are the Major Sources:

Q: Construct a conceptual framework about risk management in construction

A: Risk management: It is an important procedure applied in different constructional projects or…

Q: Explain the statement Contractual Allocation of Risks?

A: Risk is defined as term which is used to denote the probability or chances of experiencing any…

Q: Question: Discuss the relationship between the design of a project solution and long-term…

A: Solution: The design of a project is always performed in such a way that it benefits the present and…

Q: The GFA method is usually used for estimating building services components. It can produce a very…

A: Area of upper part of building with dimensions 300×125mA1=300-0.23×125-0.23=37402m2Area of Middle…

Q: Describe the two primary concepts involved in risk management

A: The risk management is a term used for the finding out the potential risks in advance, analyzing the…

Q: Explain the principal guideline in determining whether a risk should be transferred or not?

A: In civil construction projects , if the projects are very large there are many uncertain conditions…

Q: How can the Rights of way minimize the loss in Risk Management?

A: The essential loss control strategies are given as: Avoidance: This process is associated with…

Q: What are the two basic precepts that should be recognized as the criteria for sharing of risk?

A: The activities on site that cause the negative and undesirable consequences due to some uncertainty…

Q: Explain the following based on the Pice manual of Professional practice for Civil Engineers 1.…

A: Civil engineering is a professional engineering discipline that deals with the design, construction,…

Q: How is risk distribution done in Risk Management?

A: Risk management is the recognizable proof, assessment, and prioritization of risks followed by…