In essence, risk management is an organized method of identifying and measuring risk and then developing, selecting, implementing and managing options for addressing those risks. There are several types of risk that an owner should consider as part of risk management methodology. These include:Schedule riskCost riskContractual riskHealth & Safety riskReputational riskOrganization/mission riskTechnical feasibilityBuilding performance risk (i.e. the intended return on investment in a system doesn't materialize)Risk of technical obsolescenceDependencies between a new project and other projectsPhysical events beyond direct control
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