Risk Management Strategies in Green Buildings: Case Study Analysis

This report delves into the crucial aspect of risk management within the context of green building projects. It begins by defining risk management and exploring the diverse types of risks that can arise in construction and civil engineering, including security, contractual, technical, political, environmental, and health and safety risks. The report then analyzes the potential impacts of these risks, such as project delays, financial losses, and environmental damage. Furthermore, it outlines various risk management procedures, encompassing risk identification, analysis, evaluation, and treatment. A significant portion of the report is dedicated to a case study involving a contractual dispute between Shaw Development and Southern Builders, highlighting how inadequate contract details led to delays and financial repercussions. The analysis includes the source of the risk, its impact, the employed management strategy (litigation), and recommendations for improvement. The report concludes by emphasizing the importance of a proactive risk management framework to mitigate potential negative impacts and ensure the successful completion of green building projects.