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Construction Risk Management

Civil Engineer Blog

Risk Management Construction professionals need to know how to balance the contingencies of risk with their specific contractual, financial, operational and organizational requirements. In order to achieve this balance, proper risk identification and risk analysis is required.

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Construction Risks Analysis and Management

Civil Engineer Blog

Analyze and manage risks in construction is very important for project management. This help to avoid or limit risks in construction projects. The construction risks can be broadly grouped under the following categories: Technical Risks * Incomplete design. Inadequate site investigation.

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The advantages of using PRINCE2 in Risk Management

Civil Engineer Blog

What is a risk? Indeed the Oxford Dictionary describes risk as “a situation involving exposure to danger”. If you were to ask 10 people this question I would wager that at least half of them would refer to threats or negative possibilities.

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Risk management in Project and Planning

Civil Engineer Blog

Risk management is activity directed towards the assessing, mitigating (to an acceptable level) and monitoring of risks. In some cases the acceptable risk may be near zero. Risks can come from accidents, natural causes and disasters as well as deliberate attacks from an adversary.

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Five Strategies for the Responding to Risks

Civil Engineer Blog

Identifying risks is only the start of the risk management process. If you identify a risk you are obligated to create a risk plan to respond to the risk. You should create a risk response for all “high” risks.

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MBMA Announces 2023 Safety Award Winners

Civil + Structural Engineer

“Since 2011 the MBMA and our Safety Committee, under the direction of chair David Weatherford, has presented awards to 369 plants and facilities,” says Tony Bouquot, MBMA general manager. including boosting employee morale, improving operations, and mitigating insurance risks and exposure to OSHA audits.”

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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. A well-calculated contingency helps mitigate these risks, providing a buffer that allows the project to stay on track financially.