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3/25/24, 2:31 PM Managing technical risk in construction - Construction Week Online
Managing technical risk in construction

EXCLUSIVE: How to leverage technology to manage technical risks in construction projects. The article
addresses issues from resource scarcity that prevent projects from progressing as planned, to errors in design
documents, challenges in cost forecasting, scope changes, and even inadequate site investigations

by Procore Technologies March 25, 2024 09:30 AM GST SHARE

Risk has always been part of the construction process and it always will be. It’s the
nature of risks and how you best address them that change over time. Keeping up with
the evolving nature of risks as they develop is where the best construction organisations
can continuously improve and build more resilient, safer and profitable businesses.

In the Middle East and North Africa region, there are currently high levels of risk (and
opportunity) for construction owners, contractors and subcontractors, particularly in
countries where there are bold plans for development and diversification over relatively
short periods of time.

Today, the changing nature of risk and rising levels of project complexity mean that
high performance is only possible by monitoring and sharing project data through a

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