The process involves planning, identification, classification, response analysis, monitoring, and many others. Risk analysis aims at an estimation of the future assets, outcomes, and impacts which may present complications. Thanks to modern technological achievements, there are a lot of techniques and tools designed for risk analysis and risk management.

Construction projects are always challenging due to the number of factors that should be taken into account: siting, technical elements, and complexity, a large number of variables, etc. The majority of the tools for risk analysis are based on probabilistic approaches.