Managing Risk in Construction Projects

1. PROJECTS AND RISK. 1.1 Engineering Projects. 1.2 Decision Making. 1.3 Risk Management Strategy. 1.4 Project Planning. 1.5 Summary. 2. THE PROJECT ENVIRONMENT. 2.1 Projects. 2.2 The Project Constitution. 2.3 Project Organisation. 2.4 Project Phases. 2.5 Effects of Project Phase on Risk. 2.6 Project Appraisal. 2.7 Summary. 3. UNDERSTANDING THE HUMAN ASPECTS. 3.1 Risk Management - People. 3.2 Risk Management - Organisations. 3.3 The Risk Management Process. 3.4 Some Guidelines to the Risk Management Process. 3.5 Preparing a Group for a Risk Session - Risk Identification. 3.6 Communication. 3.7 Summary. 4. RISK AND VALUE MANAGEMENT. 4.1 Introduction. 4.2 The Standard Risk Management Model. 4.3 Apply Risk and Value Management. 4.4 Value Management Processes. 4.5 Understanding the Project Risk. 4.6 Applying Value and Risk Management. 4.7 Iteration of the Process. 4.8 Summary. 5. QUALITATIVE METHODS AND SOFT SYSTEMS METHODOLOGY. 5.1 Qualitative Risk Assessment. 5.2 Review of Project Programmes and Budgets. 5.3 The Risk Log. 5.4 Using a Risk Log to Formulate Risk Management Strategy. 5.5 Qualitative Methodologies. 5.6 Soft Systems Methodology. 5.7 Case Study. 5.8 Summary. 6. QUANTITATIVE METHODS FOR RISK MANAGEMENT. 6.1 Sanction. 6.2 Project Appraisal and Selection. 6.3 Project Evaluation. 6.4 Engineering Risks. 6.5 Risk Management. 6.6 Probabilistic Analysis. 6.7 Response to Risks. 6.8 Successful Risk Management. Annex.