Effective risk management is crucial in construction projects, but traditional methods may not provide real-time risk mitigation recommendations. In order to improve risk assessment in construction projects, we need a cutting-edge solution that leverages the power of AI/ML to accurately identify and prioritize risks and provide actionable recommendations to mitigate them.
- A risk assessment tool was developed using AI/ML algorithms to identify and prioritize potential risks
- Historical data was analyzed to determine the likelihood and impact of risks based on previous projects and industry trends
- Real-time monitoring of the project using IoT sensors and other data sources to detect potential risks
- The tool provided recommendations for risk mitigation, including the allocation of resources and contingency plans