Everything is meaninglessââ¦For with much wisdom comes much sorrow, the more knowledge, the more grief (Ecclesiastes 1:2,18) Solomon concludes that all life's pleasures and riches, and even wisdom, mean nothing if there is no relationship with God.
DOE project directors are the ownerâs representatives responsible for implementing risk management policies and procedures. They have direct involvement and oversight of efforts to identify, analyze, mitigate, and control project risks from inception through completion.
The success of construction lenders, owners, contractors or subcontractors may depend on how well each of them addresses project risks. This is called ârisk management.â A major part of risk management is ârisk allocation,â whereby a party assigns by contract the responsibility for a certain risk to another party, who will then bear that risk.