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.

Media Info

  • Pagination: p. 1167-76
  • Serial:
    • Volume: 2

Subject/Index Terms

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