Project risk management based on PMBOK guidelines and its application in construction projects

 Risk management is one of the important areas of project management that is used in developed countries in an organized and legal manner in all projects. The field of risk management as one of the areas of standard knowledge of PMBOK is the process of identifying, analyzing and responding to risks, which is implemented in order to maximize opportunities and minimize threats. The purpose of implementing the project risk management process is to identify and root out the causes of each risk, analyze it as much as possible, plan and implement response methods and allocate risks to competent factors, in order to effectively control the preferred risks of each project, avoid unnecessary costs., Minimize crisis management and optimize the use of limited resources. The steps described in this article provide a scientific and systematic method for determining and identifying risks, their quantitative and qualitative impact, providing the right answers at the right time, and controlling risks. First, a list of possible risks in construction projects was prepared and key items were prioritized through a questionnaire, then the general strategies for responding to the risks were identified. Finally, with the help of previous research and also consulting experts, the best strategies for controlling critical risks in construction projects are described in detail to provide assurance of efficiency for project stakeholders and maximize productivity and optimize the project in terms of time, cost, Quality, human resources, equipment, etc.