by Quenda Behler Story Risk management sounds like one of those esoteric disciplines that only people with master's degrees in business actually worry about. But you probably already practice risk management without realizing it. Every time you calculate the odds of something awful happening and what you might do to prevent it, or consider how to minimize the damage if the awful thing does happen, you are managing your risks. You can manage risk in two ways: through working in a way that reduces the likelihood of accidents or other losses (the prevention part of risk management), and through insurance to cover any losses that do occur (the reduce-the-consequences part). Consider the most common risk in construction: injury. Construction has one
