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A systematic approach to risk management for construction

Mills, Anthony 2001, A systematic approach to risk management for construction, Structural survey, vol. 19, no. 5, pp. 245-252.

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Title A systematic approach to risk management for construction
Author(s) Mills, Anthony
Journal name Structural survey
Volume number 19
Issue number 5
Start page 245
End page 252
Total pages 8
Publisher Emerald Group Publishing
Place of publication Bingley, England
Publication date 2001
ISSN 0263-080X
1758-6844
Keyword(s) construction industry
risk management
Summary Systematic risk management is expecting the unexpected – it is a tool which helps control risks in construction projects. Its objective is to introduce a simple, practical method of identifying, assessing, monitoring and managing risk in an informed and structured way. It provides guidance for implementing a risk control strategy that is appropriate to control construction projects at all levels. This paper will review systematic management approaches to risk. It discusses the allocation of risk and suggests that risk needs to be identified and managed early in the procurement process. In addition, a case study of a small project that was affected by difficult economic circumstances is included to demonstrate the effectiveness of systematic risk management.
Notes Reproduced with the kind permission of the copyright owner.
Language eng
Field of Research 129999 Built Environment and Design not elsewhere classified
Socio Economic Objective 970112 Expanding Knowledge in Built Environment and Design
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2001, MCB University Press
Persistent URL http://hdl.handle.net/10536/DRO/DU:30037100

Document type: Journal Article
Collections: School of Architecture and Built Environment
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