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Risk Management Practices in Sweden

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

Infrastructural development in any country would certainly enhance the economic growth of such a country and generate job opportunities. Through different practices and concepts, the construction industry in Sweden has improved tremendously over the years. Several attempts have been made in Sweden to address the issue of risk management using various methodologies. This chapter assessed the Work Environment Act (AML) and other construction bodies or regulations that are part of Swedish law that ensures adequate risk management in construction contracts with the aim of bridging knowledge gap. Other sections of the chapter discussed the history of risk management in the country, factors that affect effective implement of the practice, and other related topics. The chapter concluded that more still needs to be done in order to move the country’s construction toward that which is risk-free through identified risk management frameworks used in several other developed countries of the world.

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 Sweden," Springer Books, in: Risk Management Practices in Construction, chapter 0, pages 133-140, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-35557-8_11
    DOI: 10.1007/978-3-031-35557-8_11
    as

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