MOST COMMON CAUSES OF RISKS IN CONSTRUCTION PROJECTS
Some typical key risks and potential sources of risks in construction projects can be identified according to the following indicated categories. This list is not intended to be exhaustive but rather informative; there are many other ways to classify risks for identification purposes specific to the project. Performing organizations should develop their own list appropriate for the type of project in which they engage.
- Inadequate and incomplete design;
- Incomplete knowledge of local site conditions;
- Inaccurate technical assumptions;
- Insufficient technical background and experience on specific project type and local characteristics;
- Incorrect selection ...