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General Summary on Risk Management

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 management is designed toward getting the best value on construction project by addressing and assessing possible risks either at the onset of construction or at any phases of the project execution. In a bid to understanding the general ideology behind risk management practice in both developed and developing construction industries across selected nations, this chapter inferred that even though there are similarities in terms of concept delivery, there are subsequent differences that influence how construction professionals in both regions execute risk management practice. This constituents differences in project method, delivery, and output in relation to financial resources, technology and innovation, knowledge and expertise, and regulatory framework.

Suggested Citation

  • Ayodeji E. Oke & Pelumi E. Adetoro & Seyi S. Stephen & Clinton O. Aigbavboa & Lukman O. Oyewobi & Douglas O. Aghimien, 2023. "General Summary on Risk Management," Springer Books, in: Risk Management Practices in Construction, chapter 0, pages 155-172, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-35557-8_13
    DOI: 10.1007/978-3-031-35557-8_13
    as

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