To make sure that the project objectives are met, the portfolio of risks associated with all actors across the project life cycle (PLC) should be considered (Cleland and Gareis, 2006).In the early stages of the project where planning and contracting of work, together with the preliminary capital budget are being drawn, risk management procedures should be initiated. In later stages, RM applied systemically, helps to control those critical elements which can negatively impact project performance. In other words, to keep track of previously 
identified threats, will result in early warnings to the project manager if any of the objectives, time, cost or quality, are not being met (Tummala and Burchett, 1999(The risk management process