ME PoV Spring 2010 issue
Back to basics
Reconstructing risk management
From skyrocketing prices of construction materials and labor to the suspension, or outright cancelation of projects due to lack of financing, construction companies in the Gulf, particularly in Dubai, have navigated their fair share of turbulent waters.
One thing they can learn from their experiences is the importance of prudent risk management. This article focuses on only a few, albeit critical, elements of a complete risk management plan.