A Critical Analysis of Techniques for Risk Mitigation in the Construction Industry
Risks exist in every form of construction project. The risks associated with construction projects are often diverse and varied and the management of these risks is nowadays considered compulsory in order to achieve project success. This paper analyses the diverse strategies of risk mitigation that have been employed in construction projects. These strategies are classified into analysed categories of procurement strategies, contingency and co-operative approach along with the utilisation of a designated risk manager. The analysis showed that in order to improve risk mitigation within the construction industry, there is a requirement for an industry based standard. This standard will improve the efficiency and effectiveness of the risk mitigation response technique to risk management.
Risk Risk mitigation Risk management Construction industry
JIN, Xiao-Hua LEE, Chyi Lin
School of Architecture and Building, Faculty of Science and Technology, Deakin University,Geelong, V School of Economics and Finance, The University of Western Sydney, Locked Bag 1797, Penrith South D.
国际会议
The 1st International Conference on Sustainable Construction & Risk Management(首届可持续建设与风险管理国际会议)
重庆
英文
250-254
2010-06-12(万方平台首次上网日期,不代表论文的发表时间)