Risk-What is Our Perception

Abstract

Risk and public works go hand in hand. Each project will have its own unique characteristics that make the process of identifying and managing these risks a challenge. There are many types of risks associated with public works: financial risk; contractual risk; operational risk; environmental risk; and work health and safety risk. While organisations across our sector allocate significant time and resources to developing policies, processes and procedures in an effort to mitigate these risks, we continue to see areas for improvement.