RISK ANALYSIS AND CONTROL IN CONSTRUCTION INDUSTRY (RESIDENTIAL COMPLEXES IN IRAQ)

In construction industry, risk management is an important factor for the success of the project, several types of risks can affect the project (technical, financial, social, commercial, political, and natural). The study covered the concepts of risk management in the construction industry, and reviewed methods of analysis and control of risks that occur in the life cycle of the project. The study was based on the results of a risk management survey in the construction industry in Iraq, focusing on three types of risks (time, financial, external factors), The problems lie in do not specifying an additional period of the project due to the occurrence of the risk, Lack of additional financial allocations that can covering the treatment of the risk. The results showed a clear delay in the ways of risk management by (companies, contractors, engineers and government), lack of methodology and experience to deal with it, lack of research in this field, lack of training programs and courses, lack of use of international expertise, selection of unqualified companies and contractors, work in unstable areas, lack of financial allocations. The interest of the government and its dependence on the oil and gas industry led to negatively affected to the construction industry in Iraq. Accordingly, important recommendations have been made that could change the reality of risk management in construction projects.