Construction Risk Management for 2019

Risk management should be seen as one of the most critical steps of a construction project

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Every construction project has its own set of hazards that need to be managed to prevent hurting your business and a project.. Construction risk management is the process of determining the risks present in your business and evaluating the procedures to minimize their impacts. An effective risk management plan must have easy-to-follow yet detailed processes to help you control the risks, make decisions on how to deal with them, and turn them around to boost your company. With the presence of rising costs, new industry trends, more complex projects and increased safety concerns, having a risk management plan is more crucial than ever.

BigRentz had created a six-step guide to manage risk in your construction company. Below is an infographic for quick reference, or click on the link below to read the full, in-depth guide from BigRentz.

(read the entire BigRentz guide to construction risk management in 2019...)

More risk management resources:

Contractors Expect IoT to Improve Construction Risk Management

Survey: More Construction Firms Proactive, Rather than Defensive, with Risk Management

Study: Contractors Need to Evolve Construction Risk Management Practices

A Risk Management Conversation with a Risk Management Expert

Risk Management: Safety First

Risk Management: Avoiding Safety Sinkholes

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