Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Management
What is a Risk?
Risk is usually defined as a positive or negative deviation of a
variable from its expected value. In general parlance, risk is
understood only as a loss.
Risk
Analysis
Risk
Risk Monitoring
Monitoring
Controlled
Risk
Environment
Risk
Risk Estimation
Estimation
Risk
Risk Evaluation
Evaluation
Risk
Risk Response
Response
Types of Risks in
Construction
Physical
Financia
l
&
Economi
c
Natural
Risks
Risks
Political
&
Environ.
Const.
Related
Design
Types of Risks in
Construction
Physical
Financia
l
&
Economi
c
Natural
Risks
Natural Risks
Flood
Earthquake
Risks
Landslide
Fire
Wind damage
Political
&
Environ.
Const.
Related
Design
Types of Risks in
Construction
Physical
Financia
l
&
Economi
c
Natural
Risks
Physical
Damage to structure
Damage to
equipment
Risks
Labor injuries
Fire
Political
&
Environ.
Const.
Related
Design
Theft
Types of Risks in
Construction
Physical
Financia
l
&
Economi
c
Natural
Risks
Inflation
Availability of funds
Risks
Political
&
Environ.
Exchange rate
fluctuations
Const.
Related
Design
Financial default
Types of Risks in
Construction
Physical
Financia
l
&
Economi
c
Natural
Risks
Political &
Environmental
Changes in laws
and regulations
Risks
Requirement for
permits
Law & order
Political
&
Environ.
Const.
Related
Design
Types of Risks in
Construction
Physical
Financia
l
&
Economi
c
Natural
Risks
Const.
Related
Design
Incomplete design
scope
Defective design
Risks
Political
&
Environ.
Design
Inadequate
specifications
Types of Risks in
Construction
Physical
Financia
l
&
Economi
c
Natural
Risks
Construction
Related
Labor disputes
Labor productivity
Risks
Different site
conditions
Design changes
Political
&
Environ.
Const.
Related
Design
Equipment failure
Qualitative
Probability analysis
Ranking options
Sensitivity analysis
Comparing options
Simulation techniques
Descriptive analysis
Transfer
Retention
Reduction
Transfer
Retention
Reduction
Risk Transfer
Two basic forms.
(a) The activity responsible for the risk may be transferred, i.e.
hire a subcontractor to work on a hazardous process
(b) The activity may be retained, but the financial risk
transferred, i.e. methods such as insurance.
Transfer
Retention
Reduction
Risk Retention
Handling risks by the company who is undertaking the project.
Two retention methods, active and passive.
Active retention is a deliberate management strategy after a
conscious evaluation of the possible losses and costs of
alternative ways of handling risks.
Passive retention occurs through negligence, ignorance or
absence of decision.
Transfer
Retention
Reduction
Risk Reduction
Continuous effort.
Related with improvements of a companys physical, procedural,
educational, and training devices.
Improving housekeeping, maintenance, first aid procedures and
security.
Education and training within every department .
variances. The
the risk. The
repeated risk
each case, no
Risks that have occurred must be documented with the relevant amount
of damage or loss; critical situations of the managerial staff must be
reported.
Thankyo
u!