An analysis of pre-planning risk management practices utilized in residential and commercial construction projects

Abstract

The construction industry is one of the most dangerous industries in the United States. In order to compete in today’s industry, contractors must treat risk control like other essential company functions by allocating personnel and funding to ensure asset protection. An analysis was performed to identify deficiencies in the pre-planning practices of a general contractor located in northwest Wisconsin. The analysis identified losses associated with deficiencies in the risk management system as well as techniques contractors can utilize to significantly reduce their risk of experiencing human, equipment, environmental, and financial based loss. Guidelines for developing and implementing a successful pre-planning program were outlined as well key program components.