Risk Management Services

Construction projects can be extremely complex and fraught with uncertainty. Risk and uncertainty can potentially have damaging consequences for construction projects. Therefore nowadays, risk analysis and management continue to be a major feature of the project management of construction projects in an attempt to deal effectively with uncertainty and unexpected events and to achieve project success.

Construction projects are always unique and risks raise from a number of different sources. Construction projects are inherently complex and dynamic, and involving multiple feedback processes. A lot of participants – individuals and organizations are actively involved in the construction project, and the interest may be positively or negatively affected as a result of the project execution or project completion. Different participants with different experiences and skills usually have different expectations and interests. This naturally creates problems and confusion for even the most experienced project managers and contractors.