The aim of this BRANZ funded project is to uncover core differences in how risk is managed in the horizontal and vertical construction sectors and identify opportunities for cross-sectoral learning. Our focus is on the role risk management plays in improving sector productivity.
Given the complexity of the construction sector, we have chosen to develop RISKFLOW, a system dynamics model, as a tool to help better understand the relationships between risks, risk management, and productivity in the construction sector, and how these relationships might differ between the vertical and horizontal sub-sectors.
This final project report describes the project method, the project key findings, the RISKFLOW prototype, and recommended next steps toward understanding risk and productivity in the construction sector.