Studying the Strategies to Manage different Types of Risks related to Construction Projects

Abstract

This research paper explores the strategies used to manage risks in construction projects, focusing on financial, technical, environmental, social, and regulatory aspects. It analyzes existing risk management practices and frameworks in the construction industry, examining their strengths and weaknesses. The study also examines case studies from different project types, scales, and geographic locations to provide lessons and best practices. The findings contribute to a deeper understanding of challenges and opportunities related to risk management in construction projects. By identifying successful strategies and technological advances, stakeholders can improve decision-making processes, project outcomes, and reduce potential negative impacts. The research aims to provide insights and guidance to construction professionals, project managers, and decision-makers to develop robust risk management strategies tailored to different project contexts. By proactively recognizing and addressing risks, construction projects can progress smoothly, ensure sustainable development, and achieve higher overall success.