3
December
by Jeffrey C Kadlowec, Registered Architect A wide variety of risks and uncertainties affect construction projects across all phases. Utilizing different methods of data analysis allows us to better understand the causes of physical hazards, financial threats, and legal burdens. Scenario analysis involves long-term strategic planning within an organization based on casual affect. We can then determine probabilistic outcomes of dependent variables derived from different independent values and a set of assumptions by utilizing sensitivity analysis. The most apparent risks relate to worker safety considering the many jobsite hazards and potential for workplace accidents. These conditions and events can result.
