A simple guide to controlling risk (SP154)

All construction projects contain risks - these may be commercial risks (partners going bankrupt, payments not coming through on time), safety risks (to workers on site or the general public), environmental risks (pollution of nearby streams or lakes) or procedural risks (planning permission not being granted when expected, noise complaints from neighbours) and so on. Each risk could have an impact on the project, or your business as a whole and only a few of them will be directly attributable to things you have or have not done. You can ignore them, but they won’t go away! The easiest way to make sure you are not caught by surprise is to manage the risks. This book gives you an introduction to how to do this. It is aimed specifically at smaller construction companies. The result should be that you save money (or lose less!) and reduce the number of accidents, reduce or eliminate the likelihood of litigation - the time and effort you spend in risk management should be handsomely repaid.

Key words: construction management, risk and value management.

ISBN: 978-0-86017-804-0

Author: CIRIA

Number of pages: 32 (paperback)

Publisher: CIRIA

Date of Publication: February 2002