Social risk focuses on the probability of events and the magnitude of specific consequences, that might affect business activities and operations.
Analysing social risks that might arise before, during and after a particular project is very urgent and important. The social risks analysis shall be used to plan the prevention measures, the budget for the measures and what to negotiate with project owner.Social Risk Analysis (SRA) shall be conducted before the engineering process starts.
SRA will become an important guidance in preparation of the project. It is divided into 4 key milestones: screening, scoping, full assessment and routine monitoring.
A project has a very high challenge, starting from the interdependence between existing activities, the overlaps phase between each of these activities, breaking down the activities into more detailed work activities, the complexity of the organizational structure, and uncertainty in the accuracy of predictions that arise during times implementation. The most challenging activities in this project are activities in budgeting and project implementation schedules because they must be made and known before the project starts.
Not only about technical matters from the core business of an project, but in business support cases, there are other issues that are more complicated and very significant affecting the success of achieving business goals in the project. The case is about social aspects which include: economy, culture, politics and security.
The cost of a project can swell and suffer losses because costs in the social aspects are rarely suspected from the start of the project. In fact, existing social risks, which are rarely monitored from the start, can cause delays in project activities, other significant disturbance or anarchy that might hamper the achievement of project goals.
Therefore, analysing social risks that might arise before, during and after a particular project is very urgent and important. The social risks analysist shall be used to plan the prevention measures, the budget for the measures and what to negotiate with project owner.