A systematic approach to risk management for construction

Mills, A.

A systematic approach to risk management for construction - 2001 - Structural Survey 19(5) 2001, 245-252(8) .

Systematic risk management is a tool which helps control risks in construction projects. This article reviews systematic management approaches to risk; discusses the allocation of risk and suggests that risk needs to be identified and managed early in the procurement process. Also includes a case study of a small project that was affected by economic circumstances in order to show the effectiveness of systematic risk management.


SYSTEMATIC RISK MANAGEMENT
CONSTRUCTION PROJECTS
RISK MANAGEMENT
CONSTRUCTION INDUSTRY