Managing Risk in Construction Projects (PDF)

Investment in any new project invariably carries risk but the
construction industry is subject to more risk and uncertainty than
perhaps any other industry.



This guide for construction managers, project managers and
quantity surveyors as well as for students shows how the risk
management process improves decision-making. Managing Risk in
Construction Projects offers practical guidance on identifying,
assessing and managing risk and provides a sound basis for
effective decision-making in conditions of uncertainty.



The book focuses on theoretical aspects of risk management but
also clarifies procedures for undertaking and utilising decisions.
This blend of theory and practice is the real message of the book
and, with a strong authorship team of practitioners and leading
academics, the book provides an authoritative guide for
practitioners having to manage real projects.



It discusses a number of general concepts, including projects,
project phases, and risk attitude before introducing various risk
management techniques. This third edition has been extended to
recognize the reality of multi-project or programme management and
the risks in this context; to highlight the particular problems of
risk in international joint ventures; and to provide more coverage
of PFI and PPP.



With case studies and examples of good practice, the book offers
the distilled knowledge of over 100 man-years of experience in
working on all aspects of project risk, giving sound practical
guidance on identifying, assessing and managing risk.