Why is there a need for Risk Assessment in the Construction Industry?
History has proven that financial reports alone are not a sufficient measure of a company’s overall strength. Many other factors contribute to the strength of a company and probability for it to remain a healthy and viable concern. All too often, companies that are viewed healthy now are surprisingly unhealthy a short time later. The purpose of a risk assessment is to provide a real-time measurement of failure risk associated with a company’s current internal health as determined by important factors other than financial reports.
