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Risk Management

The impacts of safety on productivity

Construction project productivity refers to the efficiency and effectiveness with which resources, including labour, materials, equipment, and time, are utilized to complete a construction project. It is a measure of how well a project team can achieve its objectives, such…

What is ISO 31000 Risk Management Standard?

ISO 31000 is an international standard for risk management. It provides guidelines and principles for organisations to establish, implement, and continually improve their risk management processes. ISO 31000 was first published in 2009 and has been revised several times to…

What Is Fraud, Anyway?

“Fraud” is any activity that relies on deception in order to achieve a gain. Fraud becomes a crime when it is a “knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his…

Construction health risks: Key points

There have been big improvements over recent years in reducing the number and rate of injuries to construction workers. Despite this, construction remains a high-risk industry and accounts for a high percentage of fatal and major injuries. What is less…

The Seven Quality Management Principles

The seven quality management principles are: Customer focus: Organizations should focus on meeting the needs of their customers, both current and future. This means understanding customer requirements, expectations, and feedback, and using this information to improve products and services. Leadership:…