BUSN20019: Professional Project - Construction Project funding - Risk Management Processes - Report Writing Assessment Answer

Subject Code: BUSN20019 Internal Code: 1AICCD

BUSN20019: Professional Project - Construction Project funding - Risk Management Processes - Report Writing Assessment Answer

Assignment Task: Effect of Project Funding on the Risk Management Strategies in the Construction Industry, Australia. Field of Research: Risk management entails the identification, analysis, and addressing probable risks so as to minimize their possibility or the effect of undesirable negative events. The objective of risk management is to counter the likelihood of an undesirable event happening and the associated negative effects when it happens (Project Management Institute, 2008). In recent years, risk management has become a significant aspect of management for various projects. The conditions within the construction industry at national, regional, and global scale have led to the adoption of risk management into practice. Participants in projects have a scarce appreciation of risk management due to availability of only theoretical research on risk management rather than systemic approaches in management of construction projects. The aim of this research is to identify the impact of sustainability disclosures on market performance, and more specifically to: Research questions The following research questions are developed to achieve the aim. 1. To what extent does the sustainability reports available among 50 constituent stocks in Hong Kong’s Hang Seng Index (HSI)? 2. Any relationship between sustainability reporting and industry of the organisations? 3. Do correlations exist between sustainability reporting and market performance? This project purposes to determine factors which tend to affect the effectiveness of risk management in public housing. Indeed the paper looks at the literature review, followed by methodology in which secondary data is utilized so as to determine some of the factors which influence the effectiveness of housing in Australia. Findings are done to determine how these factors tend to influence the effectiveness of housing. From the findings, it is well exemplified that lack of transparency in procurement as well as colluding of contractors leading to poor housing facilities. Indeed there is an analysis of data as well as discussion of these factors. In summary, there are various risks as a result of the lack of experienced employees in risk management as well as lack recommendations that ought to be followed in order to ensure successful risk project management.

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