Asses project risks Assignment Example | Topics and Well Written Essays - 500 words

Asses project risks - Assignment Example This would thus increase the cost of repairing the damages and increasing the labor cost. Furthermore, this risk is high since it is beyond the control of the project management. The second event that poses risk to the irrigation project is the delay in the delivery of the materials that will be necessary in constructing the water routes (Larson & Gray, 2011). The delay in such delivery risk bringing the project to a halt hence leading to non-achievement of the projects objective. This risk can be minimized by ensuring that reliable suppliers are contracted to deliver the materials and communications made in time. The third event that poses the risk to the project is the destruction of the plants when being planted or pruned. In such cases, the cost of purchasing additional plants or that of paying for the additional labor cost will negatively affect the project implementation. It also has the risk of delaying the completion of the project. Furthermore, destruction of the plants may lead to poor delivery of substitute plants, which are not of the same quality. The fourth event that poses risk to the irrigation project is labor disputes. In such a project, the number of persons employed is many and range from those with specialization and casual laborers (Linkov & Ramadan, 2004). Any delay in the payment of their remuneration or low rewards could make them down their tools and delay the timely completion of the project. Moreover, in the event that the equipments used in the building of the irrigation scheme is destroyed, the project could take longer periods. The cost of repairing the equipments will also increase the cost of the project hence resulting into total failure. Breakdown in the equipments could also arise when the actual digging is taking place and substandardised equipments have the potential of derailing the quality of the future construction or buildings. Spraying of the plants