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A systematic approach to risk management for construction

By: Series: Structural Survey ; 19(5) 2001, 245-252(8)Publication details: 2001Subject(s): Summary: 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 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.