MANAGEMENT OF RISK
There are many risks involved with subsurface construction, but most of them can be identified . By thoughtful management, some can be overcome, others reduced and still others shared in such a manner that their overall cost to the owner is minimized. When innovative methods, equipment, or materials are introduced, certain risks may increase to the point that advancement of the state-of-the-art is discouraged. In such cases, the owner, and society in general, may benefit from a reallocation of these risks. By recognizing the various classes of risk and deliberately setting out to manage them effectively, the mining and construction industries can optimize their service to society.
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Supplemental Notes:
- Presented at the Rapid Excavation and Tunneling Conference, San Francisco, Calif., June 24-27, 1974.
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Corporate Authors:
American Institute of Mining, Metallurgy & Petroleum Engineers
8307 Shaffer Parkway
Littleton, CO United States 80127-4012 -
Authors:
- Mathews, A A
- Conference:
- Publication Date: 1974
Media Info
- Pagination: p. 1167-76
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Serial:
- Volume: 2
Subject/Index Terms
- TRT Terms: Construction; Construction projects; Legal factors; Risk analysis; Subways; Underground structures
- Old TRIS Terms: Subway construction
- Subject Areas: Bridges and other structures; Construction; Law; Public Transportation;
Filing Info
- Accession Number: 00129109
- Record Type: Publication
- Source Agency: Engineering Index
- Report/Paper Numbers: Proc Paper
- Files: TRIS
- Created Date: Feb 19 1981 12:00AM