Summary of Risk Assessment and Risk Management Plan Sample Clauses

Summary of Risk Assessment and Risk Management Plan. 31. Some major risks and suggested mitigating measures are summarized in Table 4. All major risks are described in detail in the risk assessment and risk management plan.34 The overall benefits are expected to outweigh the risks. Table 4: Summary of Risks and Mitigating Measures Risks Mitigation Measures Political instability leads to strikes that delay works This risk may be unavoidable but other measures are taken to reduce delays: use of advanced contracting and retroactive financing; training for implementing agencies on project management; and early land acquisition. Local opposition to landfill construction Extensive awareness campaigns will be undertaken on the benefits and importance of landfills; meaningful consultations will be ensured; and. PBSEDP funds for community infrastructure will be prioritized to benefit affected persons. Weak financial management Support for increasing municipalities’ own-source revenue; development of computerized accounting system for the project; establishment of internal audit section and recruitment of additional financial administration staff in Attariya and Jhalari-Pipaladi; and support to strengthen internal audit in Biratnagar and Birgunj. Weak implementation capacity in FWR municipalities DUDBC will head the Regional-PIU in the FWR; DSC and PMC will provide implementation support; FWR municipalities will depute engineers to the Regional-PIU to gain implementation experience Behavioral change takes longer than the project timeline Extensive education and communications campaigns on solid waste management, property tax collection, and willingness to pay for wastewater management services; engagement with politicians and local community leaders to support behavior change process DSC = design and supervision consultant, DUDBC = Department of Urban Development and Building Construction, FWR = Far Western Region, PBSEDP = performance-based socioeconomic development program, PIU = project implementation unit, PMC = project management consultant Source: Asian Development Bank
Sample 1
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Related to Summary of Risk Assessment and Risk Management Plan

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  • Construction Management Plan Contractor shall prepare and furnish to the Owner a thorough and complete plan for the management of the Project from issuance of the Proceed Order through the issuance of the Design Professional's Certificate of Material Completion. Such plan shall include, without limitation, an estimate of the manpower requirements for each trade and the anticipated availability of such manpower, a schedule prepared using the critical path method that will amplify and support the schedule required in Article 2.1.5 below, and the Submittal Schedule as required in Article 2.2.3. The Contractor shall include in his plan the names and resumés of the Project Superintendent, Project Manager and the person in charge of Safety.

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