Regardless of how carefully an architect conducts business and chooses clients or projects, risk remains. Clients and society both place high expectations on this profession, despite its complexity and outcomes may not meet desired goals. The best place to begin mitigating risk is while contracting to provide services. Simply put, risk is the possibility of loss or injury. The more exposure in an area of practice, the more the need to focus on that area. Risk control may involve making sure expenses on a project, do not exceed revenue. The prospect of people being injured may be more worrisome than financial loss. This course will examine a subject architects cannot afford to neglect.
- Recognize what is being referred to, when risks for architects is being discussed
- Summarize the basic ways to deal with risk
- Identify typical sources of risks that are encountered in the practice of architecture
- Define terms that help understand risk and liability