Study of Management of Risk and Loss Control Program in Civil Engineering Projects

Abstract- Most of the construction projects are having their own risks and loss factors involved, and hence in order to control such damages we have use strategies to control those risk and loss factors related to project. In this article we are presenting the study over techniques for management of risk and loss control in construction projects. For construction projects, there are many risk and loss facets as well as complicated relations, which will influence it. The complicated relations include direct, indirect, obvious, implicit or unpredictable, What's more, the various risk factors will cause different severity of the consequences. If you do not consider these risk factors, or ignore the major factors, they all will cause damage because of decision-making errors. Quality targets, time targets, cost targets are the three objectives of project management. In the construction project, the time objective is closely and inseparably related to the cost objective. Hence risk and loss management of construction period is a key part in the risk management of construction. Keywords-I