Friday, 18 July 2014

Week 7: Risk Management

Cannot be denied, there must be risks while planning, constructing development. We have been taught by San Liew on few steps taken on risk management:
  • Risk identification
  • Analyse how the risks possible to happen and how serious can it be
  • Risk handling: Receive, Transfer, Reduce, Quit
  • Risk prevention / mitigation
I have learnt how to analyse the risks and I have used it in module assessment. One of the examples given is flood risk:

Risk Identification
First of all, identify the possible risk happened. flood is considered happened in low possibility because it happened once in 10 years ago; 

Risk Analyse and impact
it might be happened due to the water level in river raising, or the rainfall increase suddenly. If flood really happened, the completed building will be damaged. It can be more serious, disease and illness may be happened. So, it is considered as High impact. Although it is low in happening possibility, but if it really happened, it brings high effects.

Risk Prevention 
There are two ways to overcome this issue:
  • Risk Transfer to insurance company - Insurance pay the damage.
  • Risk Avoidance - Deeper trench / river / drain to mitigate the happening of flood.
Another common risk always happened in construction work is cash flow problem. According to RICS, the cash flow problem come from mismatch of cash flow forecast in the case of unexpected situation for example effects of inflation, variation and so on (RICS, 2012). Therefore, cash flow forecasting shall make allowance for risk spend, variation, provisional sums to avoid the risk of bankruptcy or abandonment of project.


Risk management is useful no matter now or future; assessment or other sector. It is because human cannot 100% expected the risks happened and the effect of it. The only thing can be done is prevent and reduce it happened. By managing them properly, I can prepare and take action on it if really happened.

Reference:
RICS (2012) Cash flow forecasting [online]. Available from http://www.joinricsineurope.eu/uploads/files/Part2RICSCashflowforecastingglobalBlackBook.pdf [Accessed 2 August 2014].

Week 6: Sustainable development

All sustainable development and its planning system is required to meet the following:
  • Economic
  • Ecological or environmental
  • Neighborhood and communities
  • Movement and inclusion
  • Quality of design and construction
(source: The sustainable leader, 2014)

Local economy can be enhanced through the success development where increase the local employment rate. Ecological or environmental here is referring to the contaminants, pollution etc. Good impact will be brought by the sustainable development to neighborhood and communities  Lastly, elevators and ramps will be provided for disabled in sustainable development. Sustainable development will consider on safety of environment. 

During site investigation, I found that the existing building is lack of ramp and elevator for disabled. In order to turn it become more sustainable, escalator is designed in the college. Then, the existing project site can be accessed easily by walking where reduce pollution. Being more sustainable, college will be designed with more windows to accept natural ventilation and lighting, save the electricity.

Reference:
The sustainable leader (2014) Sustainable Development [online]. Available from: http://www.thesustainableleader.org/sustainable-development/ [Accessed 23 July 2014]

Week 5: SWOT and PESTLE

We have been taught on SWOT and PESTLE on this week. It helps in analysing the Matilda Street project site.

(source: dreamstime, 2000)

The SWOT analysis is important to help us analysis the strength, weakness, threat and opportunity of the proposed development. 

(source: Slideworld, 2014)

Survey on the city and area of the construction area is required in the beginning of the development. PESTLE can help on analyse the economic, political, social, legislative, environment and technology of Matilda Street and Sheffield. 

I found that SWOT and PESTLE analysis is useful in deciding the type of development. I am using SWOT analysis in developing college on Matilda Street. As comparison between partnering college and gym. Partnering college brings more strength as it creates win-win situation, and nearby the student accommodation. It just require 2 min to get to college, sustainable is reflected in terms of low pollution. Meanwhile, I am using PESTLE to analyse the living life and their needs in Sheffield.

Both methods can help us complete the task faster. It seems brainstorming on pointing out the key points which very useful in completing the future task. 

Reference:
Dreamstime (2000) SWOT [online]. Available from: http://www.dreamstime.com/photos-images/swot.html [Accessed 1 August 2014]

Slideworld (2014) Pest analysis powerpoint template powerpoint template #08572 [online]. Available from: http://www.slideworld.com/ppt_templates/Download-charts-and-diagrams.aspx/Pest-Analysis-Powerpoint-Template-8572 [Accessed 1 Auguest 2014]