As the full implication of the Building Safety Act and it’s impact on the wider Building Regulatory environment and commercial behaviours, FIS has updated its Product Process People Risk Register.  The aim is to provide members with a comprehensive Risk Register to support compliance and business improvement.

The FIS PPP Risk Register gives people a structured framework to interrogate project risk based on a assessment of severity and probability of a risk occurring.  The standard scoring system helps members to identify any unacceptable high risks and ensure management strategies are put in place to address.  The tool also helps a management team to assign risk correctly and contains a range of links to additional tools and information that will help support specific risk management.

FIS CEO Iain McIlwee said:

“Risk is inescapable in any construction project, but at times we can feel so beset by risk that we become indifferent to it.  It is vital that as an industry we get better at measuring, managing and mitigating.

A large part of our work centres on identifying, interrogating and helping members to manage day to day problems they may encounter.  Our understanding and exposure to risk is constantly moving and evolving and it is critical we adopt a consistent approach to risk management.

This simple tool is built on collective wisdom, lessons learned and understanding gained through our wider work that ensures members are alert to where problems may appear.  It aims to help people to score and priorise risks and to start the necessary focus on mitigation, linking the user to the vast array of tools available to our members, directly through the FIS and our wider network.  The underlying principle is that the school of hard knocks is fine, but it is better to learn together and avoid learning the hard way wherever possible.”

Richard Brackstone Chief Executive of RB Management and Consulting Ltd who supported FIS in this update added:

“This is a really useful tool and one I would urge all members to work through, it is comprehensive and accessible.  Construction is fast and furious and risk is all around us, and it is tempting to bury our heads in the sand and hope for the best.  But, ultimately, success in construction is entirely dependent on how well we manage that inherent risk.  This list provides a focal point to conduct a review and at the very least serves as a helpful reminder”.

The FIS PPP Risk Register is available for members to download here

RB Management and Consulting Limited provide specialist Risk Management Support for FIS Members