IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-35557-8_10.html
   My bibliography  Save this book chapter

Risk Management Practices in Canada

In: Risk Management Practices in Construction

Author

Listed:
  • Ayodeji E. Oke

    (Federal University of Technology Akure)

  • Pelumi E. Adetoro

    (Malawi University of Business and Applied Sciences)

  • Seyi S. Stephen

    (University of Johannesburg)

  • Clinton O. Aigbavboa

    (University of Johannesburg)

  • Lukman O. Oyewobi

    (Federal University of Technology Minna)

  • Douglas O. Aghimien

    (De Mont Fort University)

Abstract

Risk plays a significant part in getting a successful outcome in a construction project. It is an element that must be appropriately considered during the project planning process. Risk management, the study of risk, begins with the proactive identification of prospective risks and progresses to the continuing management of those risks deemed appropriate. Hazards and risks are terms that are used interchangeably; this chapter provided insight into events that might be classified as hazards or risks, depending on the circumstances. Risk has gained traction in almost every province in Canada, but there is still no defined strategic approach or framework for successful risk management. The chapter further examined the various approaches to effective risk management by providing a holistic risk management framework that will enable a more citizen-centered approach to improving public interest decision-making and a project outcome. Also, some of the benefits of risk management implementation in Canada were explained, which were sourced from the Treasury Board of Canada publications.

Suggested Citation

  • Ayodeji E. Oke & Pelumi E. Adetoro & Seyi S. Stephen & Clinton O. Aigbavboa & Lukman O. Oyewobi & Douglas O. Aghimien, 2023. "Risk Management Practices in Canada," Springer Books, in: Risk Management Practices in Construction, chapter 0, pages 119-132, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-35557-8_10
    DOI: 10.1007/978-3-031-35557-8_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-35557-8_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.