![]() ![]() There may be different financial institutions, loans, and contracts that impact the overall project - each of them carrying their own set of financial risks. Projects can be very complex financial beasts. This is due to the number of employees, contractors, sub-contractors, materials, and financing involved. Financial RiskĪny construction project will carry a large amount of financial risks. ![]() Managing safety risk will be one of your most important facts when planning your risk management processes for your project. To mitigate safety risk it’s likely that your projects will have roles dedicated to managing the safety of the workplace, dealing with incidents, and ensuring compliance with regulations and protocols for every aspect of the project. With this in mind there are numerous safety considerations your organization should take into account for your construction project risk management process. The health and wellbeing of the team members working on the project should be paramount for any organization. The number one priority on any construction site is safety. And if you aren’t aware of the many different sources of risk that exist for a project, you could run into big trouble. Unfortunately the world is a very complex place with risks that come from a hundred different directions. It would be easy if there was a standard list of risks that a project manager could tick off and not have to think twice about. Construction risk management is a broad topic. ![]()
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