Abstract: Risk management is a concept which promote as safety practice in the work place. Many companies often establish a risk management procedure in their projects for improving the performance and increase the profits. Inadequate or the lack of occupational health and safety not only negatively affects the traditional construction project parameters of cost, quality and schedule, but the sustainability of the environment. Occupational fatalities, injuries and disease constitute defects as they are not project requirements. They also contribute to the cost of construction and development as workers’ compensation insurance is included as a labour overhead and the cost of accidents is integrated into the cost structure of contractors. Health and safety at construction sites deals with both physical and psychological well-being of workers on construction sites and other persons whose health is likely to be adversely affected by construction activities. It is of primary concern to employers, employees, governments and project participants. Health and safety therefore is an economic as well as humanitarian concern that requires proper management control. Projects undertaken in the construction sector are widely complex and have often significant budgets, and thus reducing risks associated should be a priority for company. This master thesis presents an application of risk management in the early stage of a project life cycle of a construction project. Undertaking survey of safety aspects used in construction site and identify the lack of risk and safety management system to improve them and analysis the result with newly implemented hierarchy of risk control system.

Keywords: safety practice, improving the performance, management control

| DOI: 10.17148/IARJSET.2022.9566