Construction risk management decision making: understanding current practices

by Arthur, Alex C.

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Title Statements

Full title :Construction risk management decision making : understanding current practices / Alex C. Arthur.

Summary

Introduction: A risk management approach to construction project delivery -- Systems analysis of the construction industry and project delivery -- The concept of risk -- Construction risk management -- Construction risk management decision making -- Research proposal, methodology and design -- Data presentation -- Application.

"Risk management allows construction professionals to identify the risks inherent in all projects, and to provide the tools for evaluating the probabilities and impacts to minimize the risk potential. Much has been published on the tools and techniques for risk management in the construction industry, with most publications concentrating on quantitative techniques and data. Construction managers still take a largely intuitive approach however, and much less has been published on the qualitative decision-making systems practised in the industry"