Risk Management Services Offered
IJJ Wright can provide a comprehensive set of risk management services tailored to meet the unique needs of your project.

By conducting thorough risk assessments, developing risk management plans, and implementing strategies to manage risk, IJJ Wright can ensure your project objectives are achieved efficiently and effectively.

Key risk management services provided by IJJ Wright include:

  1. Identification of Risks: The identification of potential risks associated with the project, considering both internal and external factors.

  2. Evaluation of Risks: The assessment on the likelihood and potential severity of each risk to determine the most critical areas for mitigation.

  3. Risk Reduction Strategies: The development and implementation of strategies to minimize the impact of identified risks on the project.

  4. Proactive Risk Management: By identifying and addressing risks before they escalate, IJJ Wright’s risk management services helps to prevent costly delays and disruptions, ultimately leading to improved project efficiency and client satisfaction.

  5. Contract Review and Negotiation: Thorough reviews of contracts, identifying potential risks and ensuring they are appropriately allocated among the project participants. This process helps prevent disputes and potential legal issues further down the line.

    Key risk management services provided by IJJ Wright include:

    Pricing and Length of Service
    The pricing and length of service for a risk manager can vary depending on the complexity and scale of the construction project. Typically, risk management services are contracted for the duration of the project, from pre-construction planning to project completion. The cost is usually calculated based on factors such as project size, duration, scope, and specific requirements.
    Unique Value
    What sets a risk manager apart is their ability to provide expertise in identifying and mitigating potential risks, which contributes to project success and cost-effectiveness. Hiring a risk manager offers several key values, including:
    1. Objective Risk Assessment: Risk managers bring an unbiased perspective to risk assessment, ensuring that all potential risks are thoroughly evaluated and managed, regardless of their origin.
    2. Minimizing Legal and Financial Risks: Through thorough contract review and negotiation, a risk manager helps protect the project stakeholders from legal disputes and financial losses.

    In conclusion, a risk manager is an indispensable asset for any construction project. Their services bring immense value by proactively identifying, managing, and mitigating risks, ensuring successful project delivery while minimizing costly issues.

Risk Management

A risk manager plays a crucial role in ensuring the success and safety of a construction project. Their primary responsibility is to identify and mitigate potential risks that may arise during the project's lifecycle.


At the initial stages of a construction project, the risk manager collaborates with the project team to assess and analyze potential risks. They thoroughly examine the project plans, specifications, and other relevant documents to identify any vulnerabilities that may impact the project's timeline, budget, or quality.


Once potential risks are identified, the risk manager develops a comprehensive risk management plan. This plan includes the strategies and measures required to minimize or eliminate these risks. They consider various risk mitigation techniques such as risk transfer, risk avoidance, risk reduction, or risk acceptance, depending on the nature and severity of the identified risks.


Throughout the project, the risk manager regularly monitors and evaluates potential risks. They conduct risk assessments to determine whether new risks have emerged or if the existing ones have changed in severity. By keeping a close eye on the evolving risks, the risk manager ensures that the project team remains informed and can adjust their strategies and plans accordingly.


Another critical aspect of a risk manager's role is to ensure compliance with relevant legal and regulatory requirements. They stay up to date with industry standards, codes, and laws pertaining to construction projects. They provide guidance and support in adhering to these regulations, thus minimizing the project's exposure to legal and financial risks.


In addition to risk identification and mitigation, the risk manager is also responsible for maintaining an effective communication network. They facilitate open and transparent dialogues among project stakeholders, including the project team, contractors, suppliers, and clients. Clear communication ensures that everyone is aware of the identified risks, their potential impact, and the proposed measures to manage them effectively.


Lastly, a risk manager conducts post-project evaluations. They analyze the project's overall performance, including how well risks were managed throughout the process. This feedback allows them to refine their risk management strategies for future projects and contribute to the ongoing improvement of risk management practices within the construction industry.


In conclusion, a risk manager is a vital part of a construction project, responsible for proactively identifying, assessing, and mitigating potential risks. By ensuring compliance with regulations, maintaining effective communication, and conducting thorough evaluations, they play a pivotal role in promoting the success and safety of construction projects.