Risk Mitigation in Civil Engineering

This lecture covers risk analysis and management in civil engineering, focusing on risk mitigation measures at both project and national levels. It discusses the typology of mitigation measures, actors involved, and the case study of Enron's downfall due to business risks. The lecture also explores international standards like COSO and the importance of risk management in project lifecycles. Various examples and surveys are presented to highlight internal and external risks faced by organizations, along with obstacles and benefits of risk management. Strategies for managing risks, such as elimination, transfer, and acceptance, are discussed, emphasizing the need for a comprehensive risk mitigation plan.