Construction Risk Management

Construction Risk Management involves identifying, assessing, and mitigating potential issues that can arise during a construction project. This includes risks like accidents, delays, cost overruns, and legal disputes. By analyzing these risks early on, construction managers can implement strategies to reduce their impact, such as safety training, thorough planning, and insurance coverage. Ultimately, effective risk management helps ensure that projects are completed safely, on time, and within budget, protecting both the construction team and stakeholders involved.