Risks Deterrents in Construction Projects: For Customers, Contractors, Suppliers & Consultants...

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Risks add threats and thrills in projects. Risks have the ability to fail or cause losses, or even doom to projects. Projects always have higher risks than reflected in the risk registers. Under the current VUCA environment, construction projects are exposed to the highest risks, uncertainties and deterrents. The best-planned projects also encounter risks and even experts cannot zero down the risks completely. Thus, it needs a culture, system and spirit to manage risks. By applying risk management, teams can curb the impact and probability of negative risks and exploit and enhance opportunities in projects. The objective of the book is to inculcate the culture of professional risk management, involving subject specialists and conduct risk management in a structured manner. It is not the exclusive responsibility of the sales manager, tender manager, project manager, lawyers and risk experts to manage risks, rather a collective responsibility of the entire team and organization. This book is a bible to support professionals who are practising or willing to make their career in the management of construction, risks, contracts, or project domains.