Risk assessment of industrial punch development works to avoid disputes

Abstract

Industrial punch production stages have long and exhausting production cycles and, includes many risk factors. With the increase in detail and scale of the project, the severity and impact of the risks varies. To eliminate the negative risk and their impact on the development schedule and cost, effective management of risk is necessary. This paper aims the describe a simple and effective risk assessment in industrial punch development works. The purpose is to assess the risk factors and their impact on the project budget of the entire project.