Construction Risk Management Plan Example and Sample

Using a construction risk management plan allows the project team to anticipate and resolve possible challenges, ensuring the project remains on track and meets its goals. By providing a structure for evaluation and cost/benefit analyses, the plan enhances the team's ability to make informed decisions on allocating resources towards corrective actions. It also defines clear roles for assessment and implementation, removing any uncertainty over responsibilities within the project team.

Having a consistent template for the construction risk management plan makes it more accessible to all team members, allowing them to easily interpret the plan and make quicker decisions.

An effective construction risk management plan requires the following sections:

• Introduction and Context: Overview of the plan's purpose and project alignment.
• Definitions: Clarifies key risk management terms.
• Stakeholders in Risk Management Plan: Lists key stakeholders and their roles.
• Risk Identification and Assessment: Process for identifying and prioritizing risks.
• Evaluating and Treating Potential Risks: Methods for assessing and mitigating risks.
• Risk Action Plan: Specific actions, responsibilities, and timelines for risk management.

Your construction risk management plan should be exportable to PDF to that it can easily be shared and viewed.