Risk Management Considerations for Civil Engineering Consultancy Services in Guyana

Identification of the possible risks that will affect the projects, knowing them will allow control of these, will increase the probability of success of the projects, and the level of confidence of the involved will increase by decreasing the level of uncertainty of the project. The development of this work is comprised of five phases, first was a planning to structure the processes to follow evaluating,, stages, then the risks that will affect the project and their characteristics, the qualitative analysis was performed, prioritized for actions, evaluating and estimating their probability of occurrence and their impact, then the plan was designed for the treatment and response to risks to reduce, retain and transfer their threats during the development of the project itself and finally give the guidelines for the monitoring and control of risks. Based on the above, the following question is generated: What are the risks to consider in consultancy services for the Project of Construction, to guarantee success in the execution, monitoring, and control of the same? The purpose of the research will be to: Analyze qualitatively the risks identified that meet the standards mandated by the construction oversight body in the construction sector. This research would have used a qualitative approach by utilizing information gathered from secondary sources as the main source of data and presented an office study approach rather than a fieldwork data structure. The result was identifying Risk Management factors for the Project of Construction to offer a tool that helps in better decision-making and to establish implementing strategies that guarantee the fulfillment of the objectives of quality, and costs of the Project.