Risk Management in Construction Projects

Risk Management in Construction Projects

Risk Management in Construction Projects
Risk Management in Construction Projects

Download slide pdf will help you to know everything about Risk Management in Construction Projects, it's has good information for all engineers, Specially the project managers.

The Main Features of Construction Industry:
  • There are no identical objects.
  • Producer goods moves from one building site to another (in contrast to many other industries).
  • Building and construction projects transform to maintenance processes.
  • Long lifetime of buildings and constructions (high quality and safety are needed).
  • A lot of preliminary work (engineering survey, designing, engineering communications, matching with multiple authorities, …).
  • Simultaneous participation of several construction organizations (complex coordination).
  • Long construction period (complex prediction), very high cost and low liquidity of real estate property.
  • VERY HIGH RISKS.

Project risk management values:

VALUES Identifying, communicating, and managing project risks requires a risk management culture. This culture is defined by the values in which staff are operated.

The following attributes depict project risk management values required for the development of a successful risk management culture:
  • Risk decision-making based on balancing project values such as cost, schedule, and quality
  • Stewardship
  • Efficiency
  • Teamwork
  • Joint ownership of risks and responsibilities
  • Account ability Project
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