The ultimate purpose of risk identification and analysis is to prepare for risk mitigation. Mitigation includes reduction of the likelihood that a risk event will occur and/or reduction of the effect ...

When an architect pours their heart and soul into a project, the last thing they want to deal with is an unhappy client, and, consequently, possible litigation. Risk mitigation remains a top-of-mind ...

Risk is an inherent element in the business activities of any company. Whether it's entering new contracts, hiring employees, launching products or attracting financing, businesses consistently face ...

Your project is on schedule, until legal reviews take way longer than anticipated. You find out—too late—this exact situation happened with another a project a few years ago. Sound familiar?

In 2022, the United States experienced 18 separate weather and climate disasters costing at least one billion dollars according to NOAA. In 2023, that number rose to 28 separate billion dollar weather ...

Project managers' tendency to focus on risks that are familiar, measurable, and controllable leaves projects vulnerable to risks. OVERVIEW: New product development projects are highly risky technical ...

The construction industry is experiencing a period of unprecedented transformation. As established hazards persist and new threats emerge, stakeholders across the sector are challenged to balance ...

Whether you are an owner, design professional, design consultant, construction manager, general contractor (GC), or subcontractor it is almost inevitable that you will encounter the use of Building ...

Defined as “the application of knowledge, skills, tools and techniques to project activities to meet the project requirements,” project management has “always been practiced informally,” according to ...

Wildfire mitigation has become an elevated focus for California’s utilities, following destructive fires caused by power lines in the last three years, which eventually pushed the largest U.S. utility ...

Managing risk is one of an owner’s most important functions in making any major project successful. In general, the owner is initially responsible for all of the project risks, as it is usually the ...