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Author Risk Management Techniques
SotaMaka

2006-06-29, 9:26 am

Dear all,
I have been looking particularly at the construction industry risk
management and I came across that qualitative risk analysis is often
preferred than quantitative. Does anyone can really help me understand
why this is so? Does anyone think that it is something also linked with
company's culture? Please your views are more than welcome! Thanks
alot...!

Phil Scott

2006-06-29, 9:26 am



"SotaMaka" <marques_gaspar@hotmail.co.uk> wrote in message
news:1151445615.511151.325500@y41g2000cwy.googlegroups.com...
> Dear all,
> I have been looking particularly at the construction
> industry risk
> management and I came across that qualitative risk analysis
> is often
> preferred than quantitative. Does anyone can really help me
> understand
> why this is so? Does anyone think that it is something also
> linked with
> company's culture? Please your views are more than welcome!
> Thanks
> alot...!



virtually all of that stuff is written by people who have no
run actual successful projects, even though they spin a lot
and say they have... so they built a building work 1 million
but budgeed for 2 million..and got it done for 2 million.

not a victory...then they write books.


actual risk management on a project is ONLY possible from
personally knowing the construction issues across a very broad
spectrum, and hands on...and repeatedly in all sorts of
different scenario's.... then you can manage risk... one in a
hundred people are accomplished at that, the rest are
drivers... they think pushing people is the way to go...it
isnt it is completely destructive.

in summary one brings the players into the project early,
gives the project to qualified people with a good track
record..lays out the budget and asks them for way that the
budget can be met while still insuring everyones nice
profit.... that works.

the contractors will revise your crappy drawings, produced my
idiots...then guarantee performance.. everyone wins...unless
some moron in your own management trys to assert his
authority by paying progress payments late, starting the
project late. and lying a lot... that takes the mess back to
sqaure one... costs will rise dramatically...thats about 90%
common.



Phil Scott
>



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