Important aspect of program risk management

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Reference no: EM133773791

Questions

1. Why communication is an important aspect of a program risk management?

2. What do you understand by residual risk in Civil Construction, provide three examples. What is the formula to calculate the residual risk?

3. In civil construction projects, where uncertainties are inevitable, having contingency plans in place is crucial for effective risk management. List the important components of Risk management contingency planning.

4. During a large-scale infrastructure civil construction project, the project team identified the risk of adverse weather conditions that could delay critical activities. To address this risk, develop a contingency plan.

5. How can technology help mitigate civil construction site safety risks? Give at least two examples.

Reference no: EM133773791

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