Mitigation

Risk Management in Construction Projects Risk Management in construction projects is carried out to minimize the impact of adverse events and keep the project running smoothly. A risk is an uncertain event that may have a positive or negative effect on the project. The risk management process consists of the following steps: Identify Risks Analysis of the Risks Planning & Controlling Risks Risk Identification The first step in the risk management process is to identify the project's risks. It requires the collective effort of the project team and the stakeholders. The identification of all the risks should be made [...]