Understanding and Developing a Risk Management Policy for Condominium Projects (Vol. 16, No.1, 2006)
I am currently watching a 10-part Discovery Channel series called “The Deadliest Catch”. It chronicles the fishermen involved in the Alaskan King Crab trade out of Alaska, where each year 250 boats converge on Harbor, awaiting the official King Crab harvesting season. The injury rate is a staggering 100%, with at least one fisherman per year guaranteed to die. The reward is up to $140,000 for five days of work. Although I hesitate to make an analogy between “The Deadliest Catch” and Architects venturing into the risky waters of condominium projects, I must admit that, during the first episode, the analogy crossed my mind. Maybe I work too much, or maybe it is the fact that every single day I receive telephone calls from design professionals asking me to assist them in navigating the risks of condominium projects. The rewards can be great, but the risks are extremely high, often outweighing the potential rewards.
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