Risk Management Strategies in Large-Scale Infrastructure Projects: A U.S Perspective

Risk management is a critical aspect of large-scale infrastructure projects due to their complexity, size, and high costs. In the United States, effective risk management strategies are essential for the successful execution of infrastructure projects, whether public or private. This article explores the risk management strategies employed in large-scale infrastructure projects in the U.S., identifying key risk factors, management frameworks, and the role of various stakeholders. Through a review of case studies, regulatory frameworks, and industry best practices, this article aims to provide a comprehensive understanding of how risks are identified, assessed, and mitigated throughout the lifecycle of large-scale infrastructure projects in the U.S.