Construction is a risk-filled industry, and the new abnormalities with prices and disrupted supply chains have only increased the complexities. While identifying and managing construction risk can be tricky, it is not impossible with careful project planning and execution.
Continuing with The New Abnormal mini-series, this week Dennis shares different ways of effectively identifying and managing risk. We’d love to hear what steps you’re taking to mitigate risk. Please share your thoughts with us in the comments below.
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Jim Russell says:
Well done Dennis, as usual. I too like the concept of saying “no” the best. We all have had those once in a decade projects to which we should have declined that wipe out 100 good project profits.
David Helms says:
The best risk management tool you have is saying “no”. In risk management it is called “avoidance” and at times it is the best course of action.