Construction is unquestionably a high-risk sector, however, risk management in the sector is about more than just health and safety. It is the process of evaluating and implementing procedures to reduce the impact of risks across all disciplines in construction.
There are risks that arise throughout the course of a construction project – from inception through to completion. It is important to identify the risks as soon as possible and address them quickly with the appropriate risk response. An example of this is the role of the Principal Designer, who works with the Design Team to ensure that as many risks as possible are mitigated throughout the design process.
At The OM Group, we are passionate about reducing risk across the entire project and our solutions are aimed at integrating risk management and a comprehensive reporting culture into day-to-day operations and the project management process.
We work with a team of experienced construction professionals, who use proven methods to identify and understand the key objectives of the project stakeholders and deliver a risk management solution that is bespoke to each project.
Once the objectives are established and the risks identified, a risk register is then developed with an appropriate Risk Management Plan to mitigate the identified areas of risk. The successful application of this plan involves implementing a range of actions to help stakeholders make informed decisions in order to deliver the project on time and within budget.
We work with experienced and qualified construction professionals covering all sectors of the construction industry – from commercial to residential, public sector to private developers and areas such as leisure and hospitality, education and healthcare. They all have one common goal in risk management – that by identifying the risks at an early stage, they can be mitigated and lead to a successfully executed project.
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