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Managing Risks in Design & Construction Projects

By
Ron Saporita, P.E.
Ron Saporita, P.E.
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ISBN-10:
0791802434
No. of Pages:
162
Publisher:
ASME Press
Publication date:
2006

Risk management contains the elements of identification, analysis and control. The focus of risk management must be on communication (and, therefore, understanding) by each party of the issues and risks involved. Each party must begin the project with an understanding and respect for each other's objectives and risks such that a risk management “process” can be implemented. Tools must be in place to evaluate completion progress against the initial, or “baseline” plan, to the satisfaction of each party. While this process is described in the context of design and construction projects (capital investment as opposed to maintenance projects), the application...

2.1. Risk Management Process Overview
2.2. Project Triangles
2.3. Contracting/Delivery Methods
2.4. Scope Definition
2.5. Project Cost or Budget
2.6. Project Schedule
2.7. Resource Allocation
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