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To what extent is the value creation in the design of this project impacted by the following risk factors? | Scale | Total points | Scores gained | Cluster Wms (%) |
0 no impact 3 moderately impacted 5 highly impacted | Weight |
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Financial risks 37.09% | R11 | Failure to recognise cost-value mismatches | 2.789 | 2 | 31 | 5.58 | 47.79 |
R10 | Failure to identify cost-value relationships | 2.764 | 2 | 5.53 |
R8 | Failure to consider the cost of losing potential revenue | 2.822 | 3 | 8.47 |
R12 | Failure to appropriately locate cost-to-function allocation | 2.797 | 2 | 5.59 |
R9 | Uncertainty about prices | 2.805 | 2 | 5.61 |
R5 | Inappropriate cost evaluation criteria | 2.888 | 2 | 5.78 |
R6 | Failure to consider future operational costs | 2.896 | 2 | 5.79 |
R3 | Failure to consider implication of economic conditions | 2.789 | 2 | 5.58 |
R1 | Insufficient funding | 2.995 | 1 | 2.99 |
R7 | Failure to recognise cost as resource expenditure | 2.822 | 1 | 2.82 |
R65 | Incorrect estimated cost of maintenance | 2.937 | 4 | 11.75 |
R63 | Incorrect cost estimate | 2.986 | 4 | 11.95 |
R66 | Incorrect estimated cost of energy used | 2.797 | 4 | 11.19 |
Functional risks 23.19% | R20 | Failure to consider construction implications during design | 2.805 | 5 | 28 | 14.03 | 69.68 |
R19 | Failure to design to brief/specification | 2.773 | 4 | 11.09 |
R17 | Failure to examine specifications due to unnecessary expense | 2.838 | 4 | 11.35 |
R33 | Failure to integrate the various systems to achieve the lowest life-cycle costs | 2.797 | 3 | 8.39 |
R21 | Design changes | 2.962 | 3 | 8.89 |
R22 | Redesign/rework | 2.962 | 3 | 8.89 |
R35 | Failure to identify low-value, long-lead-time items | 3.102 | 3 | 9.30 |
R36 | Failure to consider design risks | 2.954 | 3 | 8.86 |
Operational risks 8.50% | R44 | Failure to consider increase in routine maintenance | 2.830 | 3 | 9 | 8.49 | 60.00 |
R45 | Failure to consider increase in life-cycle replacement | 2.797 | 3 | 8.39 |
R39 | Failure to consider design impact on operating efficiency | 2.871 | 3 | 8.61 |
Environmental risks 8.00% | R38 | Failure to consider obsolescence of equipment impact | 2.674 | 4 | 12 | 10.70 | 80.00 |
R43 | Failure to consider maintainability and reparability impact | 2.567 | 4 | 10.27 |
R47 | Failure to consider implication of environmental risks | 2.756 | 4 | 11.02 |
Management risks 23.23% | R49 | Poor project management | 2.929 | 3 | 24 | 8.79 | 59.91 |
R50 | Poor definition of the scope and objectives of projects | 2.805 | 2 | 5.61 |
R51 | Project scope unscheduled items | 2.847 | 3 | 8.54 |
R57 | Improper project planning and budgeting | 2.871 | 3 | 8.61 |
R53 | Lack of coordination and decision making | 2.896 | 4 | 11.58 |
R64 | Incorrect time estimate | 3.060 | 3 | 9.18 |
R54 | Poor team relationships | 2.814 | 4 | 11.25 |
R28 | Poor design that may lead to higher operation costs | 3.003 | 2 | 6.01 |
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