Introducing the ultimate tool for effective risk management and corporate governance - our Risk Management Plan and Board Corporate Governance Knowledge Base!
As a professional in the corporate world, you understand the importance of staying ahead of potential risks and ensuring strong governance practices.
However, with the ever-changing business landscape and increasing complexities, it can be challenging to keep up with the latest requirements and best practices.
But worry no more, because our Risk Management Plan and Board Corporate Governance Knowledge Base is here to solve all your problems.
Our dataset contains 1587 prioritized requirements for risk management and board governance, along with solutions and benefits that will help you navigate any situation with confidence and ease.
With our comprehensive knowledge base, you′ll have access to the most important questions to ask, categorized by urgency and scope, to get results quickly and efficiently.
But what sets us apart from our competitors and alternatives? Our product is specifically designed for professionals like you, making it the go-to resource for all your risk management and corporate governance needs.
It′s easy to use, DIY, and affordable, making it a perfect alternative to expensive consulting services.
With a detailed overview of our product′s specifications and features, you′ll have a clear understanding of how to incorporate it into your work.
Plus, our product caters specifically to risk management and corporate governance, unlike other semi-related products in the market, which may lack the depth and expertise necessary for effective decision-making.
By investing in our Risk Management Plan and Board Corporate Governance Knowledge Base, you′ll unlock numerous benefits for your business.
Our research and case studies have proven that our product leads to better risk management outcomes, improved corporate governance practices, and ultimately, increased success and profitability for your company.
Concerned about the cost? Our product offers incredible value at an affordable price, allowing you to save on expensive consultancy fees while still getting top-notch results.
Of course, as with any product, there are pros and cons.
However, with our knowledge base, the pros far outweigh any cons.
You′ll gain a deeper understanding of risk management and corporate governance, improve decision-making processes, and have a reliable resource at your fingertips.
In essence, our Risk Management Plan and Board Corporate Governance Knowledge Base is the all-in-one solution for professionals like you.
It provides the necessary guidance and support for effective risk management and corporate governance, ultimately leading to improved performance and success for your business.
Don′t wait any longer - invest in our Risk Management Plan and Board Corporate Governance Knowledge Base today and take your risk management and governance practices to the next level.
What level of investment does your capital projects organization plan to spend on risk management? Is access control an explicit part of a risk management or security plan at your organization? How do the management of COTS and other reusable software components affect risk management?
Risk Management Plan
The risk management plan outlines how much the capital projects organization intends to invest in managing potential risks.
1) Increase transparency and communication between board and management: improves accountability and reduces risk of management making risky decisions without oversight.
2) Establish a risk management committee: ensures dedicated expertise in identifying and addressing potential risks to the organization.
3) Regularly review and update risk assessment: ensures that current risks are continually identified and addressed in a timely manner.
4) Implement training for board members on risk management: ensures a better understanding of potential risks and how to mitigate them effectively.
5) Encourage whistleblower policies and reporting mechanisms: creates a culture of openness and early detection of potential risks.
6) Adopt technology for data analysis: allows for more accurate risk assessments and early detection of potential issues.
7) Implement contingency plans for potential crises: ensures the organization is prepared to handle unexpected events that could negatively impact the organization.
8) Conduct independent audits: provides an objective perspective on the effectiveness of risk management strategies and identifies areas for improvement.
9) Diversify investments: reduces the overall risk of the organization by spreading out investments across different sectors.
10) Have a crisis management plan in place: prepares the organization to effectively handle and mitigate potential crises.
CONTROL QUESTION: What level of investment does the capital projects organization plan to spend on risk management?
Big Hairy Audacious Goal (BHAG) for 10 years from now:
By 2030, we aim to become a leading example in risk management within the capital projects industry by investing a minimum of 20% of our total project budgets into comprehensive risk management plans. Our goal is to prioritize the identification, assessment, and mitigation of all potential risks throughout the entire project lifecycle, ultimately reducing the likelihood and impact of any adverse events. This investment will not only ensure the successful completion of projects on time and within budget, but also enhance stakeholder confidence, strengthen relationships with partners and stakeholders, and establish our organization as a leader in the field of risk management.
"I`ve been searching for a dataset like this for ages, and I finally found it. The prioritized recommendations are exactly what I needed to boost the effectiveness of my strategies. Highly satisfied!"
Synopsis of Client Situation:
ABC Capital Projects Organization is a leading construction company, specializing in large-scale real estate development projects. The company has a diverse portfolio of high-profile projects and a reputation for delivering quality work on time and within budget. However, in recent years, the company has faced challenges related to unexpected risks that have resulted in delays and cost overruns, impacting its profitability and customer satisfaction.
In order to address these challenges and safeguard its projects, the organization has decided to develop a Risk Management Plan (RMP). The RMP aims to identify potential risks, assess their impacts, and implement strategies to mitigate or minimize their effects on the projects. This case study will analyze the level of investment that the capital projects organization plans to spend on risk management and provide recommendations based on industry best practices.
Consulting Methodology:
To develop the RMP, the consultant team employed a structured methodology that consisted of six key steps as recommended by the Project Management Institute (PMI).
1. Risk Identification: The first step involved identifying all potential risks that could impact the projects. This was done through brainstorming sessions with project managers, project teams, and other stakeholders.
2. Risk Assessment: The identified risks were then analyzed and prioritized based on their likelihood of occurrence and impact on the project′s objectives. This helped the organization to focus on the most critical risks.
3. Risk Mitigation Strategies: In this step, the consultant team worked closely with project stakeholders to develop risk mitigation and response strategies for the identified risks. This included developing contingency plans, risk transfer strategies, and risk acceptance criteria.
4. Risk Monitoring and Control: Once the RMP was developed, it was crucial to monitor and control the identified risks throughout the project lifecycle. The consultant team recommended using a risk register and regular risk review meetings to ensure effective risk management.
5. Risk Communication: The next step was to communicate the RMP to all project stakeholders to ensure everyone was aware of potential risks and the strategies in place to mitigate them.
6. Documentation and Reporting: The final step involved documenting all risk management processes, procedures, and outcomes in a comprehensive RMP report, along with regular reporting on risk management performance.
Deliverables:
1. Risk Management Plan document
2. Risk register
3. Risk review meeting minutes
4. Risk communication plan
5. RMP report with documented processes, procedures, and performance metrics
Implementation Challenges:
Implementing an effective risk management plan can be challenging, and the capital projects organization faced a few challenges during the process.
1. Resistance to Change: One of the main challenges was getting project teams and stakeholders to embrace a new risk management approach. This required effective change management strategies to address any resistance or skepticism.
2. Lack of Resources: Developing, implementing, and maintaining an RMP requires dedicated resources, both in terms of personnel and technology. The capital projects organization had to allocate additional resources to support the RMP.
3. Integration with Existing Processes: The RMP had to be integrated into existing project management processes, which required careful planning and coordination to avoid any conflicts or duplication of efforts.
KPIs:
1. Project Delays: Reduction in the number and duration of project delays due to effective risk management strategies.
2. Cost Overruns: Reduction in the amount of cost overruns due to proactive risk mitigation and response strategies.
3. Customer Satisfaction: Improvement in customer satisfaction scores due to timely project delivery and minimal disruptions caused by unexpected risks.
4. Risk Management Performance: Monitoring and reporting on key risk management performance indicators, such as risk identification, assessment, and response.
Management Considerations:
In order to ensure the success of the implemented RMP, the capital projects organization needs to consider the following management factors.
1. Leadership Support: The RMP must have the full support of senior leadership to ensure its adoption across all levels of the organization.
2. Training and Awareness: All project teams and stakeholders must receive proper training and communication on the RMP to understand their roles and responsibilities in risk management.
3. Regular Risk Reviews: The capital projects organization must establish a regular risk review process to identify new risks and track the effectiveness of risk mitigation strategies.
4. Continuous Improvement: The RMP should be treated as a living document and reviewed and updated regularly to adapt to changing project risks and conditions.
Recommendations:
Based on industry best practices, the consultant team recommends that the capital projects organization should aim to spend 5% to 7% of the total project budget on risk management activities. This investment level is in line with the recommendations of PMI and other industry experts.
Furthermore, the organization should also consider investing in technology solutions to support risk management processes, such as risk assessment tools and risk register software. This will not only enhance the efficiency and effectiveness of risk management but also provide real-time data and insights for decision making.
Conclusion:
In conclusion, implementing a robust RMP is essential for the capital projects organization to successfully mitigate potential risks and deliver projects on time and within budget. By investing in risk management activities and leveraging industry best practices, the organization can ensure the success of its projects, enhance customer satisfaction, and maintain its position as a leading construction company in the market.
References:
1. Project Management Institute (PMI). (2017). A guide to the project management body of knowledge (PMBOK® Guide) Sixth Edition. Newtown Square, PA: PMI.
2. Global Construction Review. (2017, August 17). Proportion of full project budget devoted to risk management increases with size. Retrieved from https://www.globalconstructionreview.com/markets/proportion-full-project-budget-devoted-risk-manageme/
3. F.Nehme, M. Tixier, & E. Poncelet. (2015). Best practices for risk management in construction projects. International Journal of Project Management, 33(2), 455-466.
4. Nielsen, M. N., Sankaran, S., & Rasmussen, J. (2016). Managing risks in large-scale construction projects - A study of the project manager′s perspective. International Journal of Project Management, 34(6), 1013-1023.
5. Seetharaman, A., & Bhandari, V. K. (2017). Risk management in construction projects: A literature review. International Journal of Construction Management, 1-11.
As a professional in the corporate world, you understand the importance of staying ahead of potential risks and ensuring strong governance practices.
However, with the ever-changing business landscape and increasing complexities, it can be challenging to keep up with the latest requirements and best practices.
But worry no more, because our Risk Management Plan and Board Corporate Governance Knowledge Base is here to solve all your problems.
Our dataset contains 1587 prioritized requirements for risk management and board governance, along with solutions and benefits that will help you navigate any situation with confidence and ease.
With our comprehensive knowledge base, you′ll have access to the most important questions to ask, categorized by urgency and scope, to get results quickly and efficiently.
But what sets us apart from our competitors and alternatives? Our product is specifically designed for professionals like you, making it the go-to resource for all your risk management and corporate governance needs.
It′s easy to use, DIY, and affordable, making it a perfect alternative to expensive consulting services.
With a detailed overview of our product′s specifications and features, you′ll have a clear understanding of how to incorporate it into your work.
Plus, our product caters specifically to risk management and corporate governance, unlike other semi-related products in the market, which may lack the depth and expertise necessary for effective decision-making.
By investing in our Risk Management Plan and Board Corporate Governance Knowledge Base, you′ll unlock numerous benefits for your business.
Our research and case studies have proven that our product leads to better risk management outcomes, improved corporate governance practices, and ultimately, increased success and profitability for your company.
Concerned about the cost? Our product offers incredible value at an affordable price, allowing you to save on expensive consultancy fees while still getting top-notch results.
Of course, as with any product, there are pros and cons.
However, with our knowledge base, the pros far outweigh any cons.
You′ll gain a deeper understanding of risk management and corporate governance, improve decision-making processes, and have a reliable resource at your fingertips.
In essence, our Risk Management Plan and Board Corporate Governance Knowledge Base is the all-in-one solution for professionals like you.
It provides the necessary guidance and support for effective risk management and corporate governance, ultimately leading to improved performance and success for your business.
Don′t wait any longer - invest in our Risk Management Plan and Board Corporate Governance Knowledge Base today and take your risk management and governance practices to the next level.
Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:
Key Features:
Comprehensive set of 1587 prioritized Risk Management Plan requirements. - Extensive coverage of 238 Risk Management Plan topic scopes.
- In-depth analysis of 238 Risk Management Plan step-by-step solutions, benefits, BHAGs.
- Detailed examination of 238 Risk Management Plan case studies and use cases.
- Digital download upon purchase.
- Enjoy lifetime document updates included with your purchase.
- Benefit from a fully editable and customizable Excel format.
- Trusted and utilized by over 10,000 organizations.
- Covering: Remuneration Committee, Board Refreshment, Strategic Planning, Board Succession Planning Process, Disclosure And Transparency Policies, Board Succession Policies, Financial Oversight, Conflict Of Interest, Financial Reporting Controls, Board Independence Reporting, Executive Compensation Package, Corporate Social Responsibility Reports, Audit Effectiveness, Director Orientation, Board Committees Structure, Corporate Culture, Board Audit Committee, Board Assessment Tools, Corporate Governance Models, Stakeholder Engagement, Corporate Governance Review Process, Compensation Disclosure, Corporate Governance Reform, Board Strategy Oversight, Compensation Strategy, Compliance Oversight, Compensation Policies, Financial Reporting, Board Independence, Information Technology, Environmental Sustainability, Corporate Social Responsibility, Internal Audit Function, Board Performance, Conflict Of Interest Policies, Transparency And Disclosure Standards, Risk Management Checklist, Succession Planning Strategies, Environmental Sustainability Policies, Corporate Accountability, Leadership Skills, Board Diversity, Director Conflict Of Interest, Board Ethics, Risk Assessment Methods, Director Performance Expectations, Environmental Policies, Board Leadership, Board Renewal, Whistleblower Policy, Transparency Policies, Risk Assessment, Executive Compensation Oversight, Board Performance Indicators, Ethics And Integrity Training, Board Oversight Responsibilities, Board Succession Planning Criteria, Corporate Governance Compliance Review, Board Composition Standards, Board Independence Review, Board Diversity Goals, CEO Succession Planning, Collaboration Solutions, Board Information Sharing, Corporate Governance Principles, Financial Reporting Ethics, Director Independence, Board Training, Board Practices Review, Director Education, Board Composition, Equity Ownership, Confidentiality Policies, Independent Audit Committees, Governance Oversight, Sustainable Business Practices, Board Performance Improvement, Performance Evaluation, Corporate Sustainability Reporting, Regulatory Compliance, CEO Performance Metrics, Board Self Assessment, Audit Standards, Board Communication Strategies, Executive Compensation Plans, Board Disclosures, Ethics Training, Director Succession, Disclosure Requirements, Director Qualifications, Internal Audit Reports, Corporate Governance Policies, Board Risk Oversight, Board Responsibilities, Board Oversight Approach, Director Responsibilities, Director Development, Environmental Sustainability Goals, Directors Duties, Board Transparency, Expertise Requirements, Crisis Management Protocols, Transparency Standards, Board Structure Evaluation, Board Structure, Leadership Succession Planning, Board Performance Metrics, Director And Officer Liability Insurance, Board Evaluation Process, Board Performance Evaluation, Board Decision Making Processes, Website Governance, Shareholder Rights, Shareholder Engagement, Board Accountability, Executive Compensation, Governance Guidelines, Business Ethics, Board Diversity Strategy, Director Independence Standards, Director Nomination, Performance Based Compensation, Corporate Leadership, Board Evaluation, Director Selection Process, Decision Making Process, Board Decision Making, Corporate Fraud Prevention, Corporate Compliance Programs, Ethics Policy, Board Roles, Director Compensation, Board Oversight, Board Succession Planning, Board Diversity Standards, Corporate Sustainability Performance, Corporate Governance Framework, Audit Risk, Director Performance, Code Of Business Conduct, Shareholder Activism, SLA Metrics in ITSM, Corporate Integrity, Governance Training, Corporate Social Responsibility Initiatives, Subsidiary Governance, Corporate Sustainability, Environmental Sustainability Standards, Director Liability, Code Of Conduct, Insider Trading, Corporate Reputation, Compensation Philosophy, Conflict Of Interest Policy, Financial Reporting Standards, Corporate Policies, Internal Controls, Board Performance Objectives, Shareholder Communication, COSO, Executive Compensation Framework, Risk Management Plan, Board Diversity Recruitment, Board Recruitment Strategies, Executive Board, Corporate Governance Code, Board Functioning, Diversity Committee, Director Independence Rules, Audit Scope, Director Expertise, Audit Rotation, Balanced Scorecard, Stakeholder Engagement Plans, Board Ethics Policies, Board Recruiting, Audit Transparency, Audit Committee Charter Review, Disclosure Controls And Procedures, Board Composition Evaluation, Board Dynamics, Enterprise Architecture Data Governance, Director Performance Metrics, Audit Compliance, Data Governance Legal Requirements, Board Activism, Risk Mitigation Planning, Board Risk Tolerance, Audit Procedures, Board Diversity Policies, Board Oversight Review, Socially Responsible Investing, Organizational Integrity, Board Best Practices, Board Remuneration, CEO Compensation Packages, Board Risk Appetite, Legal Responsibilities, Risk Assessment Framework, Board Transformation, Ethics Policies, Executive Leadership, Corporate Governance Processes, Director Compensation Plans, Director Education Programs, Board Governance Practices, Environmental Impact Policies, Risk Mitigation Strategies, Corporate Social Responsibility Goals, Board Conflicts Of Interest, Risk Management Framework, Corporate Governance Remuneration, Board Fiduciary Duty, Risk Management Policies, Board Effectiveness, Accounting Practices, Corporate Governance Compliance, Director Recruitment, Policy Development, CEO Succession, Code Of Conduct Review, Board Member Performance, Director Qualifications Requirements, Governance Structure, Board Communication, Corporate Governance Accountability, Corporate Governance Strategies, Leadership Qualities, Corporate Governance Effectiveness, Corporate Governance Guidelines, Corporate Governance Culture, , Board Meetings, Governance Assessment Tools, Board Meetings Agenda, Employee Relations, Investor Stewardship, Director Assessments
Risk Management Plan Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):
Risk Management Plan
The risk management plan outlines how much the capital projects organization intends to invest in managing potential risks.
1) Increase transparency and communication between board and management: improves accountability and reduces risk of management making risky decisions without oversight.
2) Establish a risk management committee: ensures dedicated expertise in identifying and addressing potential risks to the organization.
3) Regularly review and update risk assessment: ensures that current risks are continually identified and addressed in a timely manner.
4) Implement training for board members on risk management: ensures a better understanding of potential risks and how to mitigate them effectively.
5) Encourage whistleblower policies and reporting mechanisms: creates a culture of openness and early detection of potential risks.
6) Adopt technology for data analysis: allows for more accurate risk assessments and early detection of potential issues.
7) Implement contingency plans for potential crises: ensures the organization is prepared to handle unexpected events that could negatively impact the organization.
8) Conduct independent audits: provides an objective perspective on the effectiveness of risk management strategies and identifies areas for improvement.
9) Diversify investments: reduces the overall risk of the organization by spreading out investments across different sectors.
10) Have a crisis management plan in place: prepares the organization to effectively handle and mitigate potential crises.
CONTROL QUESTION: What level of investment does the capital projects organization plan to spend on risk management?
Big Hairy Audacious Goal (BHAG) for 10 years from now:
By 2030, we aim to become a leading example in risk management within the capital projects industry by investing a minimum of 20% of our total project budgets into comprehensive risk management plans. Our goal is to prioritize the identification, assessment, and mitigation of all potential risks throughout the entire project lifecycle, ultimately reducing the likelihood and impact of any adverse events. This investment will not only ensure the successful completion of projects on time and within budget, but also enhance stakeholder confidence, strengthen relationships with partners and stakeholders, and establish our organization as a leader in the field of risk management.
Customer Testimonials:
"I`ve been searching for a dataset like this for ages, and I finally found it. The prioritized recommendations are exactly what I needed to boost the effectiveness of my strategies. Highly satisfied!"
"The data is clean, organized, and easy to access. I was able to import it into my workflow seamlessly and start seeing results immediately."
"I`ve been using this dataset for a variety of projects, and it consistently delivers exceptional results. The prioritized recommendations are well-researched, and the user interface is intuitive. Fantastic job!"
Risk Management Plan Case Study/Use Case example - How to use:
Synopsis of Client Situation:
ABC Capital Projects Organization is a leading construction company, specializing in large-scale real estate development projects. The company has a diverse portfolio of high-profile projects and a reputation for delivering quality work on time and within budget. However, in recent years, the company has faced challenges related to unexpected risks that have resulted in delays and cost overruns, impacting its profitability and customer satisfaction.
In order to address these challenges and safeguard its projects, the organization has decided to develop a Risk Management Plan (RMP). The RMP aims to identify potential risks, assess their impacts, and implement strategies to mitigate or minimize their effects on the projects. This case study will analyze the level of investment that the capital projects organization plans to spend on risk management and provide recommendations based on industry best practices.
Consulting Methodology:
To develop the RMP, the consultant team employed a structured methodology that consisted of six key steps as recommended by the Project Management Institute (PMI).
1. Risk Identification: The first step involved identifying all potential risks that could impact the projects. This was done through brainstorming sessions with project managers, project teams, and other stakeholders.
2. Risk Assessment: The identified risks were then analyzed and prioritized based on their likelihood of occurrence and impact on the project′s objectives. This helped the organization to focus on the most critical risks.
3. Risk Mitigation Strategies: In this step, the consultant team worked closely with project stakeholders to develop risk mitigation and response strategies for the identified risks. This included developing contingency plans, risk transfer strategies, and risk acceptance criteria.
4. Risk Monitoring and Control: Once the RMP was developed, it was crucial to monitor and control the identified risks throughout the project lifecycle. The consultant team recommended using a risk register and regular risk review meetings to ensure effective risk management.
5. Risk Communication: The next step was to communicate the RMP to all project stakeholders to ensure everyone was aware of potential risks and the strategies in place to mitigate them.
6. Documentation and Reporting: The final step involved documenting all risk management processes, procedures, and outcomes in a comprehensive RMP report, along with regular reporting on risk management performance.
Deliverables:
1. Risk Management Plan document
2. Risk register
3. Risk review meeting minutes
4. Risk communication plan
5. RMP report with documented processes, procedures, and performance metrics
Implementation Challenges:
Implementing an effective risk management plan can be challenging, and the capital projects organization faced a few challenges during the process.
1. Resistance to Change: One of the main challenges was getting project teams and stakeholders to embrace a new risk management approach. This required effective change management strategies to address any resistance or skepticism.
2. Lack of Resources: Developing, implementing, and maintaining an RMP requires dedicated resources, both in terms of personnel and technology. The capital projects organization had to allocate additional resources to support the RMP.
3. Integration with Existing Processes: The RMP had to be integrated into existing project management processes, which required careful planning and coordination to avoid any conflicts or duplication of efforts.
KPIs:
1. Project Delays: Reduction in the number and duration of project delays due to effective risk management strategies.
2. Cost Overruns: Reduction in the amount of cost overruns due to proactive risk mitigation and response strategies.
3. Customer Satisfaction: Improvement in customer satisfaction scores due to timely project delivery and minimal disruptions caused by unexpected risks.
4. Risk Management Performance: Monitoring and reporting on key risk management performance indicators, such as risk identification, assessment, and response.
Management Considerations:
In order to ensure the success of the implemented RMP, the capital projects organization needs to consider the following management factors.
1. Leadership Support: The RMP must have the full support of senior leadership to ensure its adoption across all levels of the organization.
2. Training and Awareness: All project teams and stakeholders must receive proper training and communication on the RMP to understand their roles and responsibilities in risk management.
3. Regular Risk Reviews: The capital projects organization must establish a regular risk review process to identify new risks and track the effectiveness of risk mitigation strategies.
4. Continuous Improvement: The RMP should be treated as a living document and reviewed and updated regularly to adapt to changing project risks and conditions.
Recommendations:
Based on industry best practices, the consultant team recommends that the capital projects organization should aim to spend 5% to 7% of the total project budget on risk management activities. This investment level is in line with the recommendations of PMI and other industry experts.
Furthermore, the organization should also consider investing in technology solutions to support risk management processes, such as risk assessment tools and risk register software. This will not only enhance the efficiency and effectiveness of risk management but also provide real-time data and insights for decision making.
Conclusion:
In conclusion, implementing a robust RMP is essential for the capital projects organization to successfully mitigate potential risks and deliver projects on time and within budget. By investing in risk management activities and leveraging industry best practices, the organization can ensure the success of its projects, enhance customer satisfaction, and maintain its position as a leading construction company in the market.
References:
1. Project Management Institute (PMI). (2017). A guide to the project management body of knowledge (PMBOK® Guide) Sixth Edition. Newtown Square, PA: PMI.
2. Global Construction Review. (2017, August 17). Proportion of full project budget devoted to risk management increases with size. Retrieved from https://www.globalconstructionreview.com/markets/proportion-full-project-budget-devoted-risk-manageme/
3. F.Nehme, M. Tixier, & E. Poncelet. (2015). Best practices for risk management in construction projects. International Journal of Project Management, 33(2), 455-466.
4. Nielsen, M. N., Sankaran, S., & Rasmussen, J. (2016). Managing risks in large-scale construction projects - A study of the project manager′s perspective. International Journal of Project Management, 34(6), 1013-1023.
5. Seetharaman, A., & Bhandari, V. K. (2017). Risk management in construction projects: A literature review. International Journal of Construction Management, 1-11.
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