Risk Management in Engineering and Construction
CRC Press
Risk Management in Engineering and ConstructionTools and Techniques\nAuthor(s): Stephen Ogunlana, Prasanta Kumar Dey\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032177243, 978-1032177243\nSynopsis\nTodays businesses are driven by customer pull and technological push. To remain competitive in this dynamic business world, engineering and construction organizations are constantly innovating with new technology tools and techniques to improve process performance in their projects. Their management challenge is to save time, reduce cost and increase quality and operational efficiency. Risk management has recently evolved as an effective method of managing both projects and operations. Risk is inherent in any project, as managers need to plan projects with minimal knowledge and information, but its management helps managers to become proactive rather than reactive. Hence, it not only increases the chance of project achievement, .
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