Risk Management in Construction

Risk management in construction involves identifying, assessing, and prioritizing potential problems that could disrupt a project. This could include safety hazards, delays, cost overruns, or legal issues. By proactively analyzing these risks, construction managers can develop strategies to minimize their impact, such as implementing safety protocols or scheduling buffer times. The goal is to ensure that the project stays on track, within budget, and is completed safely. Effective risk management helps prevent unforeseen issues, leading to a smoother construction process and ultimately contributing to the project's success.