Six Ways Pom and Associates Can Be Your Partner during Constructing Management Control
Risk can be defined as the positive or negative deviation from what is expected. In most cases the risk is associated with the negative outcomes from what was expected. Risk management, on the other hand, is the integration of basic principles of risk policy, the establishment of risk consciousness as well as the organization integration. Preparing for construction risk management may not entirely eliminate the risks involves but it may reduce the negative impact that is associated with the threats.
Insurance is a fundamental requirement for many construction projects. Threats such as loss of money and the high risk involved in the construction industry has made construction insurance very important.
One great risk that is a strong threat in construction is the loss of lives. The loss of lives is a great risk for any construction project …