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Your task is to develop quantified Risk models of two Risks of interest to you. This...

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Civil Engineering

Your task is to develop quantified Risk models of two Risks ofinterest to you. This is an academic
exercise and its purpose is to make you familiar with the processof quantified Risk modelling and
to show me you understand the theory and the practice.
a) Write up each Risk as a case study that explains the Risk indetail and describes the proposed
control measures.

Answer & Explanation Solved by verified expert
4.2 Ratings (765 Votes)
The Study investigated to acquire an overall idea about risk and its consequences in construction field and the process required for its management The effect of risk on assessment of a project is discussed along with the tools and methods adopted to manage risk in construction industry The objective of the research topic Risk Management in Construction Industry is to explore the effective way for implementation of risk management in construction industry to consider the different types of risk management techniques applied to alleviate risk to identify the use of implementation of the risk management to determine the factors that can influence the applications of risk management in the project life cycle wherein to categorize the principles adopted in Risk Management I have conducted a survey on the following aspects of it a Identify characterize and assess threats involved in the construction industry b Assess the vulnerability of critical assets to specific threats c Determine the risk ie the expected consequences of specific types of attacks on specific    See Answer
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