International Journal of Disaster Recovery and Business Continuity Vol.11, No. 1, (2020), pp. 2695–2701 2695 ISSN: 2005-4289 IJDRBC Copyright ⓒ2020 SERSC A Review on Risk and Risk Management Technique in Construction Projects AbdulAllam A Memon, Dr. MohammedShakil S. Malek, Anand Patel  AbdulAllam. PG Research Scholar (CPM), Civil Engineering Department, Institute of Technology and Engineering, Indus University, Ahmedabad, Gujarat, India, E-mail: abdulallammemon93@gmail.com  Dr. Mohammedshakil S. Malek. Principal, F. D. (Mubin) Institute of Engineering and Technology, Gandhinagar, Gujarat, India.  Anand Patel, Assistant Professor, Civil Engineering Department, Institute of Technology and Engineering, Indus University, India. Abstract Construction projects are complex in nature and thus entail multiple threats and uncertainties that can adversely affect the project. The industry has witnessed many studies focused on a similar idea that identified the types of risk and the risk management method to handle these risks. Aim of this paper, to gather reviews on Risk and Risk management. So, the literature analysis of the referred articles emphasized the value of risk management in building projects to infer the relevant risks. Some of the authors have already suggested fundamental aspects, including contractual accountability, regular risk assessments, updated risk strategies and joint risk management. These filtered recommendations for productive outcomes from the study of the data must be taken into account and integrated into risk management procedures. Index Terms— Risk, Risk management, Construction projects, Uncertainty, Risk management process 1 INTRODUCTION Construction projects are high-risk, unpredictable, dynamic and change-prone, frequently struggling to achieve their goals (Denicol et al., 2020) (1) . While these projects have highly defined standards, budget, time, regulations and project staff who are capable of achieving their goals, they often vary and go beyond time and budget and are difficult to implement. This is an important issue for the construction industry as large investments are made around the world in construction projects in order to meet current and future community needs (Rickaby, et al. 2018) (2) and for the growth of the country, but these projects are poorly carried out and are causing the problems. A variety of risks are related to construction projects which are defined as “undesired events that may cause delays, excessive spending, unsatisfactory project results, safety or environmental hazards, or even total failure” (Raz, et al., 2002) (3) . Risks are generally categorized as financial risks, environmental risks, socio-economic risks and operational risks. To manage such risks, Risk Management procedure is followed which refers to the process for deciding how risk incidents for the respective programs can be handled and coordinated. Risk management in the initial project development phase should be applied; risk management will be very useful to develop an understanding of project uncertainty. Risk Management is generally carried out in four steps: Risk Identification, Risk Analysis, Risk Mitigations and Risk Controlling and Monitoring. For days now, risk analysis, identification and management are still a major element of Project management in the attempt to deal effectively with uncertainty and unexpected events to achieve project success. In view of the complexity and size and budget of construction projects, small risks can have a greater impact on the project. Risks also cause delays that can lead to delayed completion of projects and monetary losses. It is worth studying how a construction project is organized and how it works in practice to understand the concept of risks in