Risk Management & Construction

List of figures; List of tables; Forward; Introduction; The aim of the book; Part 1 - Putting risk into perspective: ; Introduction; Risk and reward go hand in hand; Risk and contruction; Risk - another four letter word; AGAP (All goes according to plan) and WHIF (What happens if); The people, the process and the risks; Clients of the industry; Have clients needs changed? Privately financed infrastructure projects; What do clients want?; Investment in property; Consultatns and risk; Contracting and risk; Part II The background to risk and uncertainty: ; Introduction; Defining risk and uncertainty; The uncertainty of life and construction projects; Dynamic and static risk; A threat and a challenge; Some fo ther basic rules for risk taking; Risk Place your waterline low ; The risky shift phenomenon - what happens when groups make decisions; The risk of not risking; Risk styles; Removing ignorance - and risk; Probability; Converting uncertainty to risk; Decision-making in the construction industry; Intuition; Bias and intuition; Experts and experience; Rules of thumb; Making a model; Reacting to information; Looking at the past to forecast the future; Types of information; Building a decision model to solve a problem; Part III The risk management system: Introduction; Developing a risk management framework; Risk identification; Sources of risk; Dependent and independent risk; Risk classification; Types of risk; Impact of risk; The risk hierarchy; Risk and the general environment; The market/industry risk; The company risk; Project risk and individual risk; Consequence of risk; Risk reponse; Risk retention; Risk reduction; Risk transfer; Risk avoidance; Risk attitude; Summarising risk management; Risk management; Part IV Some of the tools and techniques of risk management: Introduction; Seeing the big picutre and tthe detail; Decision-making techniques; The risk premium; Risk-adjusted discount rate; Subjective probabilities; Decision analysis; Algorithms; Means-end