What is the main focus of risk management in construction?

The main focus of risk management in construction is on identifying and mitigating potential project risks. This encompasses a wide range of risks such as financial, safety, environmental, legal, and scheduling risks that could impact the success of a construction project. By systematically identifying these risks early in the project lifecycle, construction managers can develop strategies to reduce their likelihood or impact, ensuring smoother project execution and reducing unforeseen challenges.

This holistic approach to risk management not only protects the interests of the stakeholders but also helps in optimizing resources and meeting project objectives. Understanding and managing risks effectively contributes to the overall safety, quality, and profitability of construction projects, making it a critical aspect of construction management. The other options focus too narrowly on specific areas, missing the broader scope that effective risk management entails.