AN OVERVIEW OF RISK MANAGEMENT IN THE CONSTRUCTION PROJECTS
Journal Title: Asian Journal of Management Sciences and Education - Year 2018, Vol 7, Issue 1
Abstract
Risk can be defined as a trackable aspect of uncertainty that enables the prediction of the amount of damage. Like any other measurable quantity, either risk falls on the negative or the positive side of the graph, the latest being more likely to occur. As measurable factors, risks are of high importance to the analysis done in the phases that take place prior to commencing with the construction work. The task of evaluating the risk is usually assigned to experienced managers, as there should be no room for error that might accumulate in the future. This paper aims at highlighting the major steps followed to execute a proper risk management evaluation.
Authors and Affiliations
Fatemeh Nouban, Maram Almuhisen
Keywords
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