This research project has examined all possible management of risks that are associated with construction projects from initiation to commissioning stage, determined the probability and likelihood of occurrence of risks and ranked them as per their severity. Moreover, the impact of risks of medium or high probability on project targets (completion of projects within budget, expected quality achievement and timely completion) has also been ascertained. Additionally, management of risk, qualitative risk analyses, risk response plan, risk management process, project initiation risks, budget/...