Methodology of Risk and Uncertainty Management in Construction’s Technological and Economical Problems

Abstract

Uncertainty and risk are close related both as threats associated with indefinite source and consequences during the implementation of construction projects. The article deals with through analysis of possibilities to reduce uncertainty solving technological and economical problems. The methodology is presented as step by step tool for risk and uncertainty management in construction. Theoretical background, practical innovative applications with the clarification of problem source, planning of "what if" solutions in construction site and usage of definite steps of uncertainty management are suggested in this article.