The New Abnormal – Risk Management

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.

We’re starting to run out of space for the new class of Contractor Business Boot Camp that begins on Oct 21st in Raleigh, NC. If you haven’t yet enrolled your rising leaders, now is the time. Please contact Charlotte at ckopp@familybusinessinstitute.com to learn more.

Please click here to download the transcript.

  1. 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.

  2. 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.

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