Tag Archives: Risk Management

An intricate schedule, a small budget, and multiple stakeholders present challenges for smart Traffic infrastructure delivery. However, Project Controls can eliminate redundant processes and procedures, monitor the progress of the process, and reduce risk. This analysis by Bhavin Lakhani, Project Controls Specialist Lead, PMP, CCM, & Chartered Engineer, DACK Consulting Solutions, Inc., looks at how project controls help keep projects ...

The importance of risk management in today?s complex elevated Metro projects, where cost overruns in design and construction are common place, cannot be emphasized more. Due to the uncertainty underlying the various elements of work, cost overruns and schedule delays occur. The authors take a look at the risks involved and feel a proper mechanism should be established to capture ...