APPLICATION OF SAFETY PROGRAM ELEMENTS TO RISK MANAGEMENT ANALYSIS IN CONSTRUCTION

📄 Project Abstract

Literally, risk simply means danger or hazard. Every activity in human endeavor is incumbent with its own risk or risks inimical to identify, analyze and mitigate such risk or risks cannot be over-emphasized. From personal or domestic through business activities including construction, individual and organization as have gone a step further to establish risk management departments to control the risks to which they are or might be exposed. Construction works is generally associated with many hazards and uncertainties because it involves long production cycle and input of different professionals, thus making the generality of the industry and its clients widely subjected to a high degree of risk due to nature of construction business activities, processes, environment and organization. Akintoye and Macleod (1997) opined that risk in construction has been the object of attention because of time and cost over-runs associated with construction projects. Risk is defined as an unwanted nega...