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A critical analysis of techniques for risk mitigation in the construction industry

Jin, Xiao-Hua and Lee, Chyi Lin 2010, A critical analysis of techniques for risk mitigation in the construction industry, in ICSCRM 2010 : Proceedings of the Ist International Conference on Sustainable Construction & Risk Management, UAPRESS, [Chongqing Municipality, China], pp. 250-254.

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Title A critical analysis of techniques for risk mitigation in the construction industry
Author(s) Jin, Xiao-Hua
Lee, Chyi Lin
Conference name International Conference on Sustainable Construction & Risk Management (1st : 2010 : Chongqing Municipality, China)
Conference location Chongqing Municipality, China
Conference dates 12-14 June 2010
Title of proceedings ICSCRM 2010 : Proceedings of the Ist International Conference on Sustainable Construction & Risk Management
Editor(s) Wu, Dash
Xu, Maozeng
Zhang, Zijian
Fang, Yong
Publication date 2010
Conference series International Conference on Sustainable Construction and Risk Management
Start page 250
End page 254
Total pages 5
Publisher UAPRESS
Place of publication [Chongqing Municipality, China]
Keyword(s) risk
risk mitigation
risk management
construction industry
Summary Risks exist in every form of construction project. The risks associated with construction projects are often diverse and varied and the management of these risks is nowadays considered compulsory in order to achieve project success. This paper analyses the diverse strategies of risk mitigation that have been employed in construction projects. These strategies are classified into analysed categories of procurement strategies. contingency and co-operative approach along with the utilisation of a designated risk manager. The analysis showed that in order to improve risk mitigation within the construction industry, there is a requirement tor an industry based standard. This standard will improve the efficiency and effectiveness of the risk mitigation response technique to risk management.
ISBN 9781926642031
Language eng
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 910402 Management
HERDC Research category E1 Full written paper - refereed
HERDC collection year 2010
Persistent URL http://hdl.handle.net/10536/DRO/DU:30033264

Document type: Conference Paper
Collection: School of Architecture and Built Environment
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