- Author
- Construction Industry Institute
- Title
- Management of Projects Risks and Uncertainties.
- Coporate
- Construction Industry Institute, Austin, TX
- Report
- Publication 6-8, October 1989, 42 p.
- Keywords
- construction | risk management
- Identifiers
- risk basics; risk identification for construction; risk measurement in construction; risk control for construction
- Abstract
- This report is an introduction to risk management and dealing with uncertainty, particularly as it applies to construction contractors. Specifically it will: [*] Provide a basic introduction to risk management; [*] Introduce a typical methods of identifying risks; [*] Provide guidance for risk control; [*] Provide guidance for contingency account management. This report is based in part upon "Risk Management in Capital Projects", a CII source documents. That report deals with management of risk as applied to owners, construction managers and constructors involved in the total engineering, procurement and construction of a capital construction project. This report focuses more on management of risk for a construction contractor; however, most of the recommendations presented here are equally applicable to owners, designers and subcontractors.