Do I really want this project?


When seeking work it is very important that a sound logical approach is taken when reviewing the opportunity or project before a decision is made to proceed.

Every project is unique and has its own risks, and therefore the best review technique for any new work is to do a risk analysis.

 

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Such questions that could be asked of each project that may ring warning bells includes:

 

• type and nature of the client

• designer and extent/quality of documentation

• specialist site requirements

• boundaries and adjacent buildings.

• site access, storage and security.

• time of the year for wet weather period

• type and familiarity of construction

• type and familiarity of services

• construction period

• special tools/plant requirements

• special material requirements

• range and nature of subcontractors

• current and future work commitments

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You do need a reasonable amount of information about the proposed business opportunity to do this properly, but don't need to spend a lot of time on the actual exercise.

 

If you had a preformatted work review sheet, the outcomes could be jotted down, saved and compared with other opportunities if you were inundated with work. Your documented knee-jerk reaction to the items above will quickly identify the risks associated with the new project on which to make your evaluation. 

 

You could extend your sheet and add a ranking of 1 to 5 or 1 to 10 for each item, which would allow you to add up the score and use this total against a set minimum benchmark or as a comparison against other projects. However, it is more likely that certain risks identified will convince you as to the non-suitability or suitability of the project rather than the total score. 


Consideration of the outcomes of this process should also be taken into account when any costing or pricing of the project is carried out as control or response to some of these risks will require additional resources, at a cost.

 

In your review at the end your project, you could also re-valuate the project risks encountered and compare these with your perceptions at the outset.  This is all sound logical analysis, which can be applied to future projects and help you to avoid making wrong assumptions or costly errors that should not be repeated.