The risk management process on transport infrastructure works

Abstract

For many countries, in the last decades the construction field and specifically the transport infrastructure projects are the lever for their high growth. The same thing applies in Greece since today. Through this paper I will present theories and studies of the risk management process in the construction industry and how the risk estimation of a project can be affected. In the end it will be an evaluation of the risk management procedure that is followed by the Greek construction firms through a quantitative research, it will present the weaknesses and the oversights of the risk management process and how the mistakes could be minimized in the specific process of the project management.