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Construction Management - Finance and Risk Management - Essay Example

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The marine construction industry have been developed in Turkmenistan and the shipping has been developed and constructed across the Caspian sea to Astrakhan that is…

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Construction Management - Finance and Risk Management

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Subject: Management
Type: Essay
Level: Undergraduate
Pages: 15 (3750 words)
Downloads: 5
Author: rodriguezaustyn

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re than eight merchant vessel which includes more than 1000 tons of displacement out of which four comprised of the Cargo ships and two included oil tankers, one was the combination of both oil ship and ore and one included refrigerated cargo. The construction and the development of the marine projects in Turkmenistan are mainly dependent on the policies and regulations of the government of Turkmenistan. The marine construction project in Turkmenistan have developed due to the participation and cooperation from the foreign countries which includes the firms of Turkish, French and Ukrainian for developing and constructing the marine based projects.

The projects are undertaken by us with the assistance and the support of other industries which includes the implementation on marine construction projects that mainly comprises of designing and construction. The main mission of our marine construction industry is that it safeguards the environment and the employers consider the employees as the asset of the industry and it shares rich values among its employees. The directors and the executives of our industry mainly focus on the strategic planning that includes the corporate planning application of the concepts of financial management and adoption of risk management.

The risk management or the risk assessment process in the marine construction industry includes the identification of the occupational risk of health that is associated with the conduct of operation and also improvement or development of various health programmes for reduction or minimization of risk related to the exposure of the employees of the marine construction industry. The industry establishes or formulates standard terms, rules and regulations that are relevant to the transactions for safeguarding and protecting the company against the risk and liabilities.

The industry maintains an integrity in case of its financial reporting and the formulation of the internal control system and the main

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