Risk Assessment
Concept
A scientifically based process of evaluating risks and the likelihood of exposure to those risks, and then estimating the resulting impact
Project Management
Project Risk Management Jiwei Ma
Content
Concepts Risk Identification Risk Assessment Risk Control
Concept
Risk
The possibility of loss, damage, or any other undesirable event
Construction Project Risk Control
Insurance
Contractor’s liability insurance Workers’ compensation Employers’ liability Commercial general liability Automobile liability Owner’s liability insurance Usually general liability insurance Management protective liability insurance Professional liability insurance Property insurance Project owner’s obligation
Construction Project Risks