Why is it crucial to assess risks before starting a construction project?

Assessing risks before starting a construction project is crucial because it allows for improved project scheduling and budgeting. By identifying potential risks early on—such as weather delays, supply chain issues, or safety concerns—project managers can develop strategies to mitigate these risks. This foresight enables them to allocate appropriate resources, adjust timelines, and create realistic budgets that account for possible setbacks. Additionally, understanding these risks helps in prioritizing tasks and making informed decisions, ultimately leading to a more efficient and successful project outcome. Proper risk assessment lays the groundwork for effective management throughout the project lifecycle, helping to avoid surprises that could lead to cost overruns or delays.