The financial and economic crisis has had an adverse impact on the Lithuania's economy
and construction industry. The GDP of Lithuania grew slightly in 2010, in contrast to a …

Risk analysis and management is nowadays a critical factor to successful construction
project management, as construction projects tend to be more complex, dynamic, always …

The paper describes, on the basis of a questionnaire survey of general contractors and
project management practices, the construction industry's perception of risk associated with …

Risk management is a concept which becomes very popular in a number of businesses.
Many companies often establish a risk management procedure in their projects for …

The construction industry is well known as a highly risk prone industry owing to the
complexity of its activities and dynamic project environments generating an atmosphere of …

It has been claimed by many researchers that “a risk driven approach” to project
management is necessary to increase the success of construction projects. Literature is very …

Managing risk is fundamental to the successful delivery of construction projects.
Construction companies respond to risks by adopting various risk management practices …

Risk management is an important step in project success. It is the process of identifying,
classifying, analysing and assessing of inherent risks in a project. Due to the nature of the …

This article presents a generic project risk management process that has been particularized
for construction projects from the point of view of the owner and the consultant who may be …

Purpose Risks play an important role in the success of construction projects. Failure in
identification and assessment of risks can lead to inadequacy in the process of managing …