ABSTRACT
Infrastructure projects face more risks than projects do usually due to their uncertainties in
ground and environmental conditions. Even though systematic risk management is a basic
element of project management, it is not normative in the execution phase and even more
unusual in the design phase of these projects. Clients rarely have a systematic knowledge about
the risks in their projects and are not focused on a fair risk allocation. This paper presents an
integrated risk management approach for the design and execution phase, considering actual
literature and recent field studies. The holistic approach includes further elements as the clients
process responsibility, life cycle orientation, a minimizing concept, risk transparency, a risk list,
cooperative risk management, risk controlling and risk audits.
Keywords: Risk management, Infrastructure projects, Design phase, Integrated risk management.
