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A REVIEW ARTICLE ON RISK MANAGEMENT IN CONSTRUCTION PROJECTS

Deepak Tiwari

Abstract


Risks are very general in construction industry. The construction industry is broadly linked with a high risk and uncertainty due to the nature of its working environment. Thus, the need of risk management is required. Risk management is to identify risk, analysis risk and provided most suitable treatments. Risk analysis is done to identify these risks in the project and manage it accordingly. By using probability and impact method which is a very easy method we can manage risk at construction projects. This paper presents a review of need for risk management in the construction project

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References


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