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Essay from the year 2024 in the subject Engineering - Civil Engineering, Jawaharlal Nehru Technological University Anantapur (Gurunanak institutions technical campus), course: Civil engineering, language: English, abstract: Projects within the construction sector are characterized as fragmented, temporary and complex which inherently brings upon risk exposure. Decision makers within the industry need reliant access to information and knowledge in order to manage risks in a sufficient and systematic way. Thus, the implementation of an effective risk management in relation to managing associated project risk may facilitate successful construction project endeavours. The purpose of this master thesis is to explore and evaluate project risk management. The aim is to examine the recognition and practical adoption of risk management in order to investigate how project knowledge is utilized in the process.
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