| Abstract | Risk management is an important part of the decision-making process of all
construction companies. Risk and uncertainty can potentially have damaging
consequences for some construction projects. Risk can affect productivity,
performance, quality, and the budget of a project. Risk cannot be eliminated,
but it can be minimized, transferred or retained (Burchett, 1999).
In the Project management, risk management is a very important sector
using particular method to achieve the best practices in the project of
company. Risk management is a systematic approach to managing unexpected
related to a threat, through a sequence of processes including: Risk
management planning, Risk identification, Risk analysis, Risk respond
planning, Risk monitor and control.
The purpose of risk management is to reduce different risks. It may refer to
numerous types of threats caused by environment, technology, humans,
organizations and politics. On the other hand it involves all means available
for humans, or in particular, for a risk management entity (person, staff, and
organization). |