Risk Management in Construction Projects

Here are the notes for civil engineering .download from the link.
  1. [notes ] CONSTRUCTION QUALITY CONTROL INSPECTION PROGRAM
  2. Construction Project Controls: Cost, Schedule, and Change Management
  3. Risk Management in Construction Projects   
  4.   [ E-book ] Construction cost management



1. Introduction
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 decrease of 14.7% in 2009. Lithuania’s GDP in
creased from 1.3% in 2010 to 4.6% in 2011. Annual GDP growth decreased from its highest
point of 6.7%, reached in the third quarter, to 4.4% in the last quarter of 2011 [1,2]. So
me industries, such as construction; trade, transport and communications; and the industry se ctors were most affected by the crisis. In 2010, the gross value added within the construc tion sector decreased by 43.3%, and in the trade, transport and communications sector – by 16.6%. In 2011, a positive change in the
gross value added was observed in all groups of economic activities. The largest growth in the gross value added was observed in enterp rises engaging in construction (by 15%) and trade, transport and communication services (7.3 %) [1,3]. The construction sector, one of the engines of economic growth in Lithuania over the last decade, is now facing with serious challenges as companies’ closures, rising unemployment, and postponed or even cancelledinvestments. These events also have changed the clients’ and construction companies’ behaviour. A reduced demand and shortage of orders dramatically increased a competition between companies of the construction sector. This increased pressure to improve quality, productivity and reduce costs, and the need for project strategies and management that can appropriately and effectively manage project risk


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