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How GRC Manages Risk in Financial Operations

CCR Magazine

Managing financial operations in a world defined by rapid change and increasing complexity requires more than just traditional approaches. Governance, Risk, and Compliance (GRC) frameworks have emerged as an indispensable tool for organizations striving to navigate regulatory demands, mitigate risks, and secure their financial future.

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What is ‘Contingency’ in Construction Budgeting: Managing Uncertainty and Risk

Building Radar

For more insights into construction budgeting strategies, you might want to check out Buildertrend’s blog on construction contingencies. These unforeseen expenses can include anything from unexpected site conditions to design changes, material price increases, or delays caused by weather.

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What is ‘Construction Management at Risk (CMAR)’: Understanding the CMAR Delivery Method

Building Radar

Construction Management at Risk (CMAR) is a project delivery method that has become increasingly popular in the construction industry due to its unique approach to managing risk and ensuring project success. Understanding Construction Management at Risk (CMAR) What is CMAR?

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Construction Risk Management: 8 Effective Tips To Success

Buildern

From crafting schedules and allocating budgets to nurturing a proficient workforce through comprehensive construction risk management training and drafting a symphony of contracts—the journey of a construction project is a tapestry woven with multifaceted administrative intricacies.

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Contracts need risk management

Construction Law

More than ever, a watchful eye will have to be kept on programmes; just as over-optimistic schedules will risk big problems somewhere along the critical path. It is poor risk management, unsuited to the increasingly sophisticated commercial world that contractors have to inhabit. Nick Barrett.

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What Does ‘Spec Breaking’ Mean in Construction: Understanding the Process

Building Radar

Breaking these specs can occur for various reasons, including cost reductions, design changes, or logistical challenges. For a comprehensive overview of construction project management phases, including spec breaking, visit Jonas Construction’s blog. By understanding these risks, you can develop strategies to address them.

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Top Construction Project Management Software for 2024

iField Smart

Top Construction Project Management Software for 2024 Construction projects are notorious for their complexity – budgets to manage, timelines to adhere to, materials to coordinate, and teams to synchronize. In today’s fast-paced construction environment, efficient management is non-negotiable.