ER59 Building risk management strategies into the vertical construction sector (January 2021)

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.