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The value of systematic risk management is being increasingly recognised by the construction industry. However, there is wide diversity in the application of risk management and generally poor communication of risk through the supply chain, with some organisations undertaking no formal risk management. Software can support the established stages in the risk management process, conveniently handling the dynamics of the risk exposure and enabling rapid communication of risk information. A simple new software tool, based around a risk register, has been developed principally for newcomers to risk management. The tool provides a standard format for risk communication through the construction industry supply chain.
Hall et al. (Thu,) studied this question.