In this TMA you are required to do the these related discussion type of questions by applying the course ideas on project risk management of a construction project case given below.
To address its residents' growing housing demand, the city government of Addis Ababa has launched a construction project of five thousands condos at Akaki Kality sub-city. The construction of the 4 and 9 story buildings is expected to be completed within one year period using prefabricated technology. The City Administration has allocated 8 billion Birr for the construction of the houses. The construction will be implemented by the state-run Ethiopian Construction Works Corporation (ECWC). ECWC has already finalized preparing inputs which are needed for the construction of the houses.
Question no 1
Suppose you are asked to advice on tools and techniques that the project team can apply to identify risks. Describe the application of two of the tools that can be used by the team to identify risks from the given building construction project described above
Question no 2
After reading the above building construction project issues, Identifying and describing the five risks based on risk matrix
Question no 3
Perform a qualitative analysis for each risk identified from question number two and rank the project risks. Describe the impact ratings and likelihood ratings you intend to apply, and provide the risk assessment matrix
Question no 4
Identify and explain response strategy for each of the potential risks you identified
Note the questions are related to one another. Your answers should be properly referenced.