Risk management in Transport Infrastructure Projects (TIPs)
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Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction. | Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction. | ||
| − | + | Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely. | |
Revision as of 23:50, 20 February 2022
Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.
Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.
