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What is Hierarchical Risk Breakdown in Construction about?
This document discusses risk management in construction projects and proposes using a Hierarchical Risk Breakdown Structure (HRBS) to facilitate the identification and quantification of risks. It first reviews literature on risk management processes and definitions of key terms like risk and uncertainty. It then outlines the typical steps in a risk management process: 1) risk identification, 2) risk classification, and 3) risk analysis. The paper argues that an HRBS can help reduce the chance of missing ris
- Author
- alaa jallad
- Language
- EN