Risk - Identifying Risk

4 important questions on Risk - Identifying Risk

Which 2 processes are there for identifying risks?

  1. Organic, creative process
  2. Mechanistic process

Risks can be catagorized according to wha"?

  1. The impact they have
  2. Where control of the risks lies

Can insurable risks only go wrong?

Yes
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What is meant by turning internal risks into external risks?

Passing the risks (starting at the client) on to the contractor and the contractor on the sub-contractor

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