Risk management is a systematic approach which begins with identifying the risks present in a particular construction project. The risks are sorted into categories to facilitate analysis and management. There is no doubt difficulty in managing risks, and the risks are often unique and may occur for the very first time. However, it is good to practise risk management with proper documentation.
This book is based on the authors’ many years of conducting research and teaching, and is motivated by the desire to communicate the fundamentals of risk management in construction to construction practitioners. The authors believe that this book is general enough to be understood by many first-timers in construction risk management.
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