Risk Management in Building Construction Projects
Posted by admin on Jan 23, 2025 in Advertising | 0 comments
Risk Management in Building Construction
Question 7
a. Identify Four Areas of Risk Associated with Building Construction Projects
- Resource Risk: Insufficient access to trades or material supply
- Financial Risk: Underestimated budget
- WHS Risk: Safety issues, such as working at heights or in confined spaces
- Market Risk: Cost overruns
- Political Risk: Changes in political parties may lead to changes in government policies regarding building construction, which will affect the company’s development planning.
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