RISK MANAGEMENT GUIDANCE
There are several factors to consider when evaluating a project. These factors should help you identify which projects may pose a greater risk and give you clues on how to properly respond, whether it is through specific contract language or a change in fees for professional services.
Factors to consider when evaluating your project include:
• project type;
• project delivery method;
• geographic and regional considerations;
• environmental concerns;
• potential users and occupants; and
• political and community sensitivity.
The Risk Management Matrix includes more detailed questions to consider when evaluating your project on pages 46 and 47 . Understanding potential risks that your project may present is a crucial first step in taking appropriate actions to respond to those risks.
18 • From Risk to Profit - Benchmarking and Claims Studies
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