Risk assessment and management play crucial roles in the success of building projects. This abstract provides an overview of the key steps and considerations involved in effective risk assessment and management for building projects. The process begins with identifying potential risks, including safety hazards, environmental factors, design flaws, and regulatory compliance issues. Once risks are identified, their probability and potential impact are assessed to prioritize them. Risk mitigation strategies are then developed, involving safety protocols, design revisions, quality control measures, and compliance with regulations. Adequate resources are allocated, and continuous monitoring and review ensure the effectiveness of mitigation strategies. Contingency plans are prepared to address unforeseen events, and clear communication among stakeholders is maintained throughout the project. Documentation and post-project reviews contribute to learning and improvement for future projects. By following these steps, project teams can minimize disruptions, ensure safety, protect budgets, and achieve successful outcomes in building projects.