Risk Management in Construction Projects: An Overview

The construction industry is inherently risky due to various factors such as weather, accidents, and unforeseen events. Therefore, the importance of risk management in construction projects cannot be overstated. This paper provides an overview of risk management in construction projects, including the identification, assessment, and mitigation of risks. It also examines the various risk management strategies that can be employed to minimize the negative impacts of risks on construction projects. The research was conducted through an extensive literature review of published studies, research papers, and industry reports. The findings of this research highlight the significance of risk management in construction projects and provide valuable insights into the best practices for managing risks in this industry.