When project stakeholders have been identified, the direct and indirect effects experienced by these stakeholders must also be understood and addressed by your senior design team. What is a project ...

Risk is an inherent element in the business activities of any company. Whether it's entering new contracts, hiring employees, launching products or attracting financing, businesses consistently face ...

The practice of risk management is for everyone. In fact, you will probably be able to identify the risks present in your project, performance, or event, and risk identification is the first step in ...

Vendor risk has the power to impact an organization’s reputation, ESG (environmental, social, governance) initiatives, and information security. Similarly, vendors can affect a project’s performance ...

In a recent webinar entitled “Spreading the Risk and Avoiding Killer Contract Clauses,” Phelps lawyers Daniel Lund and Larry Borda examined contractual provisions that most often expose construction ...

With projects facing rising material costs, crunched schedules and labor shortages, project delivery firms say owners are finding themselves at a fork in the road when it comes to design-bid-build ...