Project Risk Analysis and Management

Define the risk that may occur in the project. Why there is more chance of occurrence of risk in the construction project? Explain in detail how do you effectively manage the different types of risk that may occur in the construction project.

What would be the impact on project due to unmanaged risk in project? Write down risks in project in different phases of project life cycle.

Define Risk. Explain various sources of project risk. Describe important steps of risk management.