Risk in The Construction Industry
Received Date: April 22, 2019; Published Date: May 06, 2019
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