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Risk in construction an project management (Technical risk (Design may…
Risk in construction an project management
Political and environment risk
changes in law and regulations
Permission and approval
Safety rules and pollution
Technical risk
Failure of equipment
weather causes delay
Difficult site condition
Design may change
Incomplete design
Errors and omissions
Lab-our dispute and strikes
Permission for work
Management risk
Rescheduling the project
Delays
Lack of skilled workers
delay occurs
unable to understand individual responsiblities
Financial and economic risk
availability of funds from clint
Fluctuation of exchange rate
Financial default of subcontractor
Budget over run
Improper planing
Unable to meet deadline
Affects overall budgets