Assessment of Risk Management Perceptions and Practices of Dissertation

Assessment of risk of exposure Management Perceptions and Practices of Construction Contractors - Dissertation fashion model7 Methodology . 7 Ethical con typefacerations . 10 Conclusion .. 11 Introduction The construction perseverance is a source of risks and uncertainties. This is true in any country, especially in Saudi-Arabian Arabia, which has experienced a construction boom these past three decades because of the vast oil revenues poured into government coffers. Risks account not hardly in physical terms, but also in abstract terms like financial and stinting outcomes. Contractors devise plans to manage risks and to pre-empt problems and risks during and after construction. Managing risks involves taking care of the safety and security of the construction see or the finished building and the realizeers and employees therein. Risk management also involves analysing problems or surprises that will occur during and after project construction. Risks include environmental haz ards caused by construction and demolition wastes, the health and safety of the workers, and risks associated with the design of the structure whether it tail assembly withstand natural disasters. Other risks include insurance and value for money or the business side of the construction project. Saudi Arabia has a long, hot summer, with a short, cool, winter season with very minimal rain. around parts of Saudi Arabia have some of the extreme climatic conditions, which are most unfavorable for contractors to work with. This is very detrimental to the operations of any project, and could lead to loss of productivity on the part of the owners and contractors. Risk management should consider this aspect. (Shublaq, 1999, p. 277) Another aspect contractors have to include in risk management is the consequence of laborers who are from other countries. Laborers have to adjust to the kind of unique culture Saudi Arabia has. Culture profane on the part of the laborers affects the kind of work they produce. Significance of the study This paper provides a brief judging of how construction contractors in Saudi Arabia employ risk management lores and practices. The significance of the study brings to light the roughhewn practices of contractors in managing risks, and future problems and possible delays that may occur while construction is ongoing. The research will consequently seek to answer the following questions What risk management techniques are available to construction contractor in Saudi Arabia? What is the level of usage of these risk management techniques by the construction contractors? What is the importance of organizational risk management among construction companies in Saudi Arabia? What are the challenges faced be construction contractors in Saudi Arabia in using risk management techniques? Aim of the research The aim of this paper is to turn back the outcome to which risk management techniques are used construction contractors in Saudi Arabia an d also determine the perception of construction professional to various construction risks. Objectives To identify risk management techniques used by contractors in Saudi Arabia To determine the level of usage of set risk management techniques among Saudi construction companies To determine the importance of organizational risk management among Saudi construction companies To identify challenges faced by Saudi construction companies in using risk management techniques To recommend effective ways to limit the challenges identified in the