Software-supported risk management for the construction industry

doi:10.1680/cien.2001.144.1.42

Software-supported risk management for the construction industry

Authors:

J. W. Hall, BEng, PhD, CEng, MICE

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Civil engineering lecturer and Royal Academy of Engineering post-doctoral research fellow at the University of Bristol

, , I. C. Cruickshank, BEng, CEng, MICE

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Senior engineer and project manager at HR Wallingford

, , and P. S. Godfrey, BSc, ACGI, FREng, FICE, FInstPet

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Business solutions director at Halcrow and visiting professor of civil engineering systems at the University of Bristol

Author Affiliations

https://doi.org/10.1680/cien.2001.144.1.42

Published Online: May 25, 2015

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Abstract

The value of systematic risk management is being increasingly recognised by the construction industry. However, there is wide diversity in the application of risk management and generally poor communication of risk through the supply chain, with some organisations undertaking no formal risk management. Software can support the established stages in the risk management process, conveniently handling the dynamics of the risk exposure and enabling rapid communication of risk information. A simple new software tool, based around a risk register, has been developed principally for newcomers to risk management. The tool provides a standard format for risk communication through the construction industry supply chain.

Keywords:

information technology ; management ; risk & probability analysis