The link below is a great resource on developing a risk registery for a project.<\/p>\n
- \n
- Key Elements to a Project Risk Register<\/a><\/li>\n
- Purchase Our Construction Risk Register Template<\/a><\/li>\n<\/ul>\n
Manage Your Schedule, Identify Areas with Lots of Float<\/h3>\n
Managing your schedule is important. Understanding your critical path is a huge part of that understanding. Knowing what items are critical and what items have more float and therefore more room for flexibility is key. Your’s and your team’s time is limited, when you get into the weeds it’s important to know where your time is better spent and if some things can slip in the interest of the critical path.<\/p>\n
For some good articles and understanding float refer to the below links:<\/p>\n
- \n
- Understanding Float<\/a><\/li>\n
- Project Critical Path<\/a><\/li>\n<\/ul>\n
![\"Cost](\"https:\/\/essential.construction\/academy\/wp-content\/uploads\/2016\/12\/budget-for-risk-1024x650.jpg\")
<\/a><\/p>\nCover the Costs<\/h3>\n
Whether you’re a contractor, subcontractor or owner it’s important to put money aside for a rainey day. With the risk register established you can assign values to each item at the start of the job and set aside some money within your estimate to deal with these issues. If you’re an owner, you can create pools within your overall budget to deal with these types of issues.<\/p>\n
- \n
- Contingency – what is it and who owns it<\/a><\/li>\n
- Contingency – 7 Key Things to know<\/a><\/li>\n<\/ul>\n
Don’t Lose Your Cool<\/h3>\n
It’s important to remember that life will continue on even after something happens. Managing an issue on the job takes a clear head and calmness.<\/p>\n
Use logic to solve the problem, not rage or anger.<\/p><\/blockquote>\n
Utilize people around you who are more specialized than you. There will always be someone who knows more about a specific subject than you and can help out.<\/p>\n
Managing risk in a project is not easy and is difficult. There are many different approaches and the items above are just some of the things you can do to help reduce the likelihood of risks impacting your project. Utilize even one of these items will help to reduce impacts more than doing nothing!<\/p>\n
Have a mitigation technique? Share it with us below!<\/p>\n","protected":false},"excerpt":{"rendered":"
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- Contingency – 7 Key Things to know<\/a><\/li>\n<\/ul>\n
- Project Critical Path<\/a><\/li>\n<\/ul>\n
- Purchase Our Construction Risk Register Template<\/a><\/li>\n<\/ul>\n