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Risk management in construction project management

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  • Martin Schieg

Abstract

By adopting risk management, savings potentials can be realized in construction projects. For this reason, for project managers as well as real estate developers, a consideration of the risk management process is worthwhile. The risk management process comprises 6 process steps, which will be discussed in greater detail below. The integration of a risk management system in construction projects must be oriented to the progress of the project and permeate all areas, functions and processes of the project. In this, particular importance is attached to the risks in the personnel area, for, particularly for enterprises providing highly qualified services, specialized employees are essential for market success.

Suggested Citation

  • Martin Schieg, 2006. "Risk management in construction project management," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 7(2), pages 77-83.
    • Handle: RePEc:taf:jbemgt:v:7:y:2006:i:2:p:77-83
    DOI: 10.1080/16111699.2006.9636126
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    Cited by:

    1. Ivan Demchenko & Olena Iatsukh, 2018. "The Problem Of Unprofitable Activity Of Enterprises In Ukraine," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(2).
    2. Ronny Kountur & Martdian Ratna Sari, 2023. "Risk identification approaches and the number of risks identified: the use of work breakdown structure and business process," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-7, December.
    3. Khwaja Mateen Mazher & Albert P. C. Chan & Rafiq M. Choudhry & Hafiz Zahoor & David J. Edwards & Ahmed M. Ghaithan & Awsan Mohammed & Mubashir Aziz, 2022. "Identifying Measures of Effective Risk Management for Public–Private Partnership Infrastructure Projects in Developing Countries," Sustainability, MDPI, vol. 14(21), pages 1-19, October.
    4. Nataliia Kuznietsova & Liudmyla Kot & Oleksii Kot, 2020. "Risks Of Innovative Activity: Economic And Legal Analysis," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 6(1).
    5. Galina Shevchenko & Leonas Ustinovichius & Dariusz Walasek, 2019. "The Evaluation of the Contractor’s Risk in Implementing the Investment Projects in Construction by Using the Verbal Analysis Methods," Sustainability, MDPI, vol. 11(9), pages 1-18, May.

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