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Risk Management Practices in the United States of America

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

The study of risk management (RM) began in the aftermath of World War II. It began with market insurance and then moved to other industries, such as finance, stock exchange, and construction projects, before finally becoming widespread. In its most basic form, risk management seeks to safeguard individuals and businesses against financial losses that may result from accidents. The US construction industry is one of the major pioneers of risk management concepts developed over the years. This concept has been reviewed over time in order to meet the present demand for sustainable buildings. Through different sections, by identifying the sources of risk, the purpose of risk management, and other related practices, the study gave an exclusive overview of risk management practices to achieve enhanced project delivery.

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 the United States of America," Springer Books, in: Risk Management Practices in Construction, chapter 0, pages 141-152, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-35557-8_12
    DOI: 10.1007/978-3-031-35557-8_12
    as

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