Manage Risks
Identify and Manage Risks Properly This enables you to reduce or eliminate risks. Helps you make plans for each major risk. Reduces the possibility of things going wrong in the …
Risk
Cover your project risks
Make sure to consider and allow for project commercial risks: Protect yourself with insurance Make risk plans (for specific risks) Evaluate possible risks (rate them) Work out likely percentages (probabilities) …
Understand technical risks
Make sure as the manager of a project that you are aware of and understand not just the financial and contract risks, but also the technical risks of the project. …
Risk Activities
Put risk activities in your schedule (plan). Your client is more likely to accept allowances for risk if you can show how it is worked out, how long it is …
Make Contractor Responsible for Site Safety
If your company is not involved with construction (but just design or inspection), make sure the contract states that the construction contractor is responsible for site safety, not the “engineer” …
Unreasonable Project And Construction Schedules
If you believe a schedule required by the client is unreasonable, you should document your reasons for believing so, and inform the client of those concerns in writing. If the …
Isolation and Lockout Procedures
Always make sure that isolation or lock-out procedures are followed. If an electrical contractor needs to access some wiring, they should follow a procedure of isolating or de-energizing the circuit. …
Liquidated Damages Helps You Get Resources
I find that having liquidated damages in a contract from my client helps me as a project manager. Companies often want to avoid having liquidated damages in the contract. However, …
Avoid Superlatives In Contracts
Avoid the use of superlatives in contracts and documents. E.g. “all, make sure, assure, insure, as necessary”. These can be interpreted as making a guarantee. It would be better to …
Risk Analysis
Do a proper risk analysis before bidding for and accepting a project. Be especially aware of “first of its kind” projects for yourself, your company, or your industry (industry level …