Abstract
The main purpose of this research is to identify the prevailing issues in Ireland
construction industry and strategies of risk management adopted for addressing the risks
involved in the construction projects and it also determine the current scenario of Ireland
construction industry for determining the areas of improvement. Different method h as been
applied for accumulating the data such as survey and interview method. For the survey, 50
employees working in different construction organisations are selected, and 5 project
managers are selected for the interview process. Both internal and external risks and
challenges encountered that are affecting the quality and timely completion of the projects in
Ireland , as the major internal factors are poor planning and execution, stakeholder issues and
conflicts, adequate project team, and lack of financial and human resources. However, there
are different effective and significant risk management strategies are identified that can be
helpful in improving the construction projects such as early identification of risks, use of risk
rating method, contingency policies, optimal utilisation of resources.
