This document analyzes the allocation of risks to different parties involved in a construction project management loop. It identifies 28 types of risks and indicates which parties (owner, contractor, project manager) are responsible for each risk. Some of the major risks include changes in site conditions, errors in cost estimates, delays caused by weather or authorities, financial insolvency of parties, accidents on site, lack of management skills, labor disputes, design errors, and defects in materials. The document provides a risk matrix to help systematically evaluate and allocate risks between the owner, contractor and project manager for a construction project.
This document analyzes the allocation of risks to different parties involved in a construction project management loop. It identifies 28 types of risks and indicates which parties (owner, contractor, project manager) are responsible for each risk. Some of the major risks include changes in site conditions, errors in cost estimates, delays caused by weather or authorities, financial insolvency of parties, accidents on site, lack of management skills, labor disputes, design errors, and defects in materials. The document provides a risk matrix to help systematically evaluate and allocate risks between the owner, contractor and project manager for a construction project.
This document analyzes the allocation of risks to different parties involved in a construction project management loop. It identifies 28 types of risks and indicates which parties (owner, contractor, project manager) are responsible for each risk. Some of the major risks include changes in site conditions, errors in cost estimates, delays caused by weather or authorities, financial insolvency of parties, accidents on site, lack of management skills, labor disputes, design errors, and defects in materials. The document provides a risk matrix to help systematically evaluate and allocate risks between the owner, contractor and project manager for a construction project.