What Does Risk Assessment Mean?
Risk assessment can be defined as the process of analyzing a particular project in order to weigh the pros, cons and risk factors. This helps the project management team to take adequate measures to mitigate risks rather than allowing the risk to take place.
Trenchless construction projects use methods such as horizontal directional drilling (HDD) and microtunneling that utilize heavy machinery and equipment such as drill rigs.
Projects are usually large in scope, huge in budget, and risky to undertake, therefore making risk management an essential part of the project planning process.