Risk Management Considerations for Civil Engineering Consultancy Services in Guyana
Abstract:
Identification of the possible risks
that will affect the projects, knowing them will allow control of these, will
increase the probability of success of the projects, and the level of
confidence of the involved will increase by decreasing the level of uncertainty
of the project. The development of this work is comprised of five phases, first
was a planning to structure the processes to follow evaluating,, stages, then
the risks that will affect the project and their characteristics, the
qualitative analysis was performed, prioritized for actions, evaluating and
estimating their probability of occurrence and their impact, then the plan was
designed for the treatment and response to risks to reduce, retain and transfer
their threats during the development of the project itself and finally give the
guidelines for the monitoring and control of risks. Based on the above, the
following question is generated: What are the risks to consider in consultancy
services for the Project of Construction, to guarantee success in the
execution, monitoring, and control of the same? The purpose of the research
will be to: Analyze qualitatively the risks identified that meet the standards
mandated by the construction oversight body in the construction sector. This
research would have used a qualitative approach by utilizing information
gathered from secondary sources as the main source of data and presented an
office study approach rather than a fieldwork data structure. The result was identifying
Risk Management factors for the Project of Construction to offer a tool that
helps in better decision-making and to establish implementing strategies that
guarantee the fulfillment of the objectives of quality, and costs of the
Project.
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