Abstract
Risk management is designed toward getting the best value on construction project by addressing and assessing possible risks either at the onset of construction or at any phases of the project execution. In a bid to understanding the general ideology behind risk management practice in both developed and develo** construction industries across selected nations, this chapter inferred that even though there are similarities in terms of concept delivery, there are subsequent differences that influence how construction professionals in both regions execute risk management practice. This constituents differences in project method, delivery, and output in relation to financial resources, technology and innovation, knowledge and expertise, and regulatory framework.
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Oke, A.E., Adetoro, P.E., Stephen, S.S., Aigbavboa, C.O., Oyewobi, L.O., Aghimien, D.O. (2023). General Summary on Risk Management. In: Risk Management Practices in Construction. Springer, Cham. https://doi.org/10.1007/978-3-031-35557-8_13
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DOI: https://doi.org/10.1007/978-3-031-35557-8_13
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