Abstract
Risk management is undertaken differently in varied sectors. In a survey of 415 projects in Brazil, the revelation came out that hiring a risk manager or planning for risk enhances project success rate. However, risk means diverse things for different sectors. In IT, some risks are desirable, because they disrupt the status, making some people redundant and increasing the opportunities for the skilled. Hence, the path taken to manage risk in the IT field is different from how risk is managed in other areas. The construction industry is intensive in the use of resources, and risk management should be ...