An Analytical Case Study of the Enterprise Risks in Construction Industry

The construction industry is subject to more risk and uncertainty than perhaps any other industry. Yet, surprisingly, managerial techniques used to identify, analyse and respond to risk were not applied in the industry until the 80s. Therefore a need to study the company, the risks faced at every stage, and identify different types of risks- for e.g anticipated risk, market related, HR risks, financial and marketing risk, government policy related risks and so on

Objective of this paper to know the various risks involved in operating a construction company to understand entrepreneur's risks, and whether any measures/systems are incorporated to handle risks of future. Second objective of this paper is to assess the coping mechanisms of enterprises in sailing over difficult times.

To study in depth risk faced by the enterprise, a case study method is used. Efforts have been made to study each and every aspect of the entrepreneur and his work. Mere quantitative information is not been sought but efforts are made to collect information concerning all aspects of the entrepreneur life. One to one personal contact with the entrepreneur for primary data. Secondary data to provide information about the construction industry

Whilst the traditional view is that risk management is a pari of the project management function, carried out by the project manager or delegated project team member, an alternative view is that if there are risks in a project there would be a need for risk management. From this understanding, risk management should consider all aspects of the project and begin early in the life of a construction project continuing through until project closure.