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Risk Management within a construction industry sector of your choice, and in a global region of your choice (in Saudi Arabia)

Construction industry is characterised by a high degree of risk, generated by its business activities, processes, environment and organization (Kim & Bajaj, 2000). Failure to manage and deal with these risks often manifest itself in cost and time overruns (Andi, 2006). Risk can affect performance, quality, efficiency, duration and cost of a project (Mills, 2001).

Risk and uncertainty are present in all types, aspects and sizes of construction project (Hayes et al., 1986). Serious risks can have detrimental effects on the project, even turning a lucrative project into a loss-making endeavour in the worst case scenario (Mills, 2001). Construction risks, however, can not be eliminated entirely. They can be transferred, reduced or retained (Andi, 2006).

The possible measure to minimize the safety risks can include: investigating soil conditions so that an appropriate shoring system can be framed and utilized, providing enduring perimeter guarding, training the workers in safe practices, supplying personal protective equipment and tools, maintaining good housekeeping in the job site, providing complete safety precautions like barricades around the trench, traffic signs, warning signs and lights, etc., keeping first-aid facilities, maintaining equipment in good operating condition, and provide protection for existing utility lines (Jannadi, 2008).

In trenching work, safety measure can protect people and property by reducing the occurrence and impact of risk. All the potential risks should be considered by the contractor prior to commencement of work. Safety measures should be taken to avoid or reduce accidents that may lead to damage to property or injuries to people (Jannadi, 2008).

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