549 articles on planning, Primavera P6, cost control, claims and reporting, written by working planning engineers.
In the previous article on Risk Management in Construction Projects , we discussed the importance of identifying and addressing risks early in the project lifecycle. One of the most critical tools for effective risk management is the Risk Register. In …
Terms and Definitions used regularly in construction projects and defined in PMI PMBOK
A project risk is a potential source of deviation from the project plan. Project risks can have a negative or positive impact on the project. Project risks that are negative are called threats. Project risks that are positive are called opportunities.
Non-critical risks should be documented. They should be revisited and reviewed regularly.
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