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The main task of the project manager is risk management. However, this task can be very complicated and inefficient if risk management is not considered from the beginning of the project. An effective risk management approach requires a systematic and appropriate approach, knowledge and experience. Studies of many projects have shown that both the owner and the contractor do not regularly implement risk management practices, which can have negative consequences on project performance. Becausedoi:10.1051/e3sconf/202016410014 fatcat:zdtx6vzlvvh5ncnj37p6m27ohq