Risk Management Planning in a construction project [articol]

Abstract

This paper presents an example of a risk management plan for a construction project to be developed in difficult environmental conditions. This Risk Management Plan defines how risks associated with the construction project in a desert zone will be identified, analyzed, and managed. It outlines how risk management activities will be performed, recorded, and monitored throughout the lifecycle of the project and provides templates and practices for recording and prioritizing risks by the Risk Manager. Based on our studies, risk management is an essential part of construction project management and should be always applied using appropriate tools.