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The Ultimate Guide to Construction Risk Management

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发表于 7 天前 | 显示全部楼层 |阅读模式
Construction projects, whether new homes, multi-storey office buildings or other jobs, are complex and unique - because they come with risks. Sometimes a risk becomes a reality with a fatal blow. In other cases, the combination of risks, even if no individual risk is lethal, can bring a project or even an entire construction company into trouble. Construction risk management is a must if a company is to survive and thrive . What is the best way to ensure good construction risk management? The answer lies in good processes . These processes are robust and easy to follow to help you make the right decisions and actions.

At the enterprise and project level, risk management Customer Phone Numbers Data can also benefit from this process. Here are five steps to controlling risk - plus one bonus step that can help every construction company! 1: List potential sources of construction risk To start managing your construction risks, you need to be able to list the factors that could jeopardize your project. Take a deep breath as the list can be long: Occupational Risk: Injury to workers, possibly fatal, due to actions, methods or techniques used, weather, or third parties. Financial risks: such as uncontrolled growth, lack of sales, rising interest rates, over-trading, economic problems, and rising prices for oil and construction supplies.

Contractual Risk: Penalties you may have to pay for not completing work on time. Project Risks: Lack of proper project management, inadequate company policies or lack of application of such policies, miscalculation of time and resources required, etc. Stakeholder risks : Communication issues, misunderstandings about construction project delivery or closeout, insufficient stakeholder funding (often these risks can be addressed with construction management software ). Natural Risks: Floods, earthquakes and other phenomena that damage construction sites or make work impossible. Competition: The pressure to match prices or delivery terms offered by competitors can put your profitability at risk or strain your resources, lose competitors' projects or opportunities, and more.


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