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Risks in constructions and project management (External risks (Owner of…
Risks in constructions and project management
Organizational risk
Loss of important staffs at crucial time
Not enough time to plan
Inexperienced staff
Delay and unfinished work
Inconsistent cost
The cost of materials keep fluctuating
External risks
Economic instability
Political factors
Owner of the land not willing to sell the property
Loss of good construction site
New stakeholders
Last minute changes requesting additional needs
Public safety regulations
Permits and license
Environmental risks
Offsite or onsite wetlands
Lack of authorization from the required departments
High habitat region
Coastal zone
Water quality issue
Technical risks
Design risks
Selection of wrong material
Error in the initial foundation
Incomplete design
Interface risk
when two contractors are involved in the design
Construction risks
Improper procedures
Late surveys
Getting work permission
Local site risk
Tax risk
Project management risk
Inadequate staff
Improper coordination
When project outcomes are not understood
Lack of communication
Difference of opinions between various communities