This assignment discusses the role of a construction or project manager in measuring and managing changing risks in the construction industry. It explores the steps involved in managing risks and emphasizes the importance of collaboration with stakeholders. The assignment also highlights the differences between personnel management and human resource management. It examines the impact of IT on communication in construction and how it has improved efficiency. Additionally, it critically evaluates how a construction manager can effectively manage risks in a project. Lastly, it provides advice for inwardly investing construction companies operating in a new country.