Risk management in construction project management (original) (raw)
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Vol 7 No 2 (2006)
Submitted: Jan 21, 2019
Published: Jun 30, 2006
| Author Name | Affiliation |
|---|---|
| Martin Schieg | University of Applied Sciences Augsburg , Baumgartnerstrasse 16, Augsburg, 86161, Germany |
Abstract
By adopting risk management, savings potentials can be realized in construction projects. For this reason, for project managers as well as real estate developers, a consideration of the risk management process is worthwhile. The risk management process comprises 6 process steps, which will be discussed in greater detail below. The integration of a risk management system in construction projects must be oriented to the progress of the project and permeate all areas, functions and processes of the project. In this, particular importance is attached to the risks in the personnel area, for, particularly for enterprises providing highly qualified services, specialized employees are essential for market success.
First published online: 14 Oct 2010
Keyword : risk management process, error, possibility and influence analysis, risk portfolio, risk team analysis, risk identification, risk analysis, risk assessment, risk policy
How to Cite
Schieg, M. (2006). Risk management in construction project management. Journal of Business Economics and Management, 7(2), 77-83. https://doi.org/10.3846/16111699.2006.9636126
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright © 2021 The Author(s). Published by Vilnius Gediminas Technical University.
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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