Risk in The Construction Industry

Haytham Baraka; Mostafa H Kotb; Moustafa Ismail Abu Dief

Review Article

Risk in The Construction Industry

Haytham Baraka¹* and Mostafa H Kotb² and Moustafa Ismail Abu Dief³

¹Zagazig University, Egypt

²Azhar University, Egypt

³Certified Forensic Claims Consultant, Egypt

Corresponding Author

Received Date: April 22, 2019; Published Date: May 06, 2019

Abstract

Risk is inherent in each project in the construction industry in various forms. It can be a threat, which has a negative impact on the project objectives. On the other hand, it can also be an opportunity, which has a positive impact, or a business risk that has a negative or positive impact. This paper provides a brief about risk in the construction industry, risk definition and types of risks. Moreover, it provides an overall view of risk management processes.

Keywords:Risk; Management; Threat; Construction; Project objective; Impact; Uncertainty

Article Details

Volume 2 - Issue 4, 2019

Open Access

Citation

Haytham Baraka, Mostafa H Kotb, Moustafa Ismail Abu Dief. Risk in The Construction Industry. Cur Trends Civil & Struct Eng. 2(4): 2019. CTCSE.MS.ID.000541.