One concept which is widely used within the field of RM is called the risk management process (RMP) and consists of four main steps: identification, assessment, taking action and monitoring the risks (Cooper et al., 2005). In each of these steps, there are a number of methods and techniques which facilitate handling the risks.
The construction industry operates in a very uncertain environment where conditions can change due to the complexity of each project (Sanvido et al., 1992). The aim of each organization is to be successful and RM can facilitate it. However it should be underlined that risk management is not a tool which ensures success but rather a tool which helps to increase the probability of achieving success. Risk management is therefore a proactive rather than a reactive concept.