“…Risk management stands for identification, assessment, and prioritization of risks defined in ISO 31000 followed by coordinated and economical allocation of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Several risk management standards have been developed in construction management companies for years, enhanced by implementation ISO 9001 standard [2], [12], [14], [16]. 1 PhD., Eng., Wroclaw University of Technology, Faculty of Civil Engineering, Department of Construction Methods and Management, Wybrzeże Wyspiańskiego 27, 50-370 Wrocław, Poland, e-mail: jaroslaw.konior@pwr.edu.pl…”