19
November
by Jeffrey C Kadlowec, Registered Architect Risk management (RM) involves identifying hazards and threats, estimating the probability and impact of these conditions and events, developing and implementing strategic responses, and monitoring the outcomes during the project lifecycle (Okudan 2021). Design complexities and the dynamic nature of construction present many uncertainties for project managers. These factors create challenges that are best approached through utilization of risk assessment tools. Construction supervision is an effective tool for reducing risks. Organizations offering this service work several areas concurrently: 1) design and permit documents, 2) compliance with parameters, 3) conformity of work, and 4) material.
