Risk Assessment in Construction

Abstract

This study is concerned with the assessment of risk for major construction activities. Risk has been defined as a measure of the probability, the severity, and the exposure of all hazards of an activity. A risk assessor model (RAM) was developed and computerized to determine the risk associated with a particular activity and the justification factor for a proposed remedy. Knowing the value of risk would help contractors identify the high risk of major construction activities and would enable them to allocate safety precautions in a more efficient manner.