(University of Management and Technology Lahore, 2017) Rizwan Khurram
The construction industry is more exposed to risk than other industry. If the risk is not handled properly it may causes the poor performance on the industry. Building projects scales are large in nature and they involved large amount of investment. Wastage of any resource influence is high loss in project. All the lossesare associated with risk factors. In Pakistan, only few researches have been done so far in this area. Thus this study needs focus of risk management in field of construction projects. From study we conclude that financial issue, skillful workers, shortage and inaccurate design are significant risk factors affecting the projects. Contractors are responsible for risk linked with machinery, material and quality related issues. While clients is responsible for the risk associated with scope of work. Study concludes that good coordination and communication between stakeholders and proper drawings works are key factors to control the project.