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globalizing, environmentally-friendly, and energy saving construction imply that traditional,mechanistic RM concepts are not anymore realistic and efficient enough. The consequences ofactions are not necessarily proportional to the intensity of actions (non-linearity) and the probabilitiesof these consequences. Thus, it is herein envisioned that traditional RM concepts will becomplemented or even replaced with modern, non-deterministic, integrated RM concepts thatcapture both uncertainty and complexity. In addition, the concepts of crisis management can be takeninto account in order to promote a culture of pre-planning and to enhance business continuity.Finally, it is argued that the co-adoption of many compatible concepts of risk, uncertainty,complexity, and crisis management will enhance key managerial competencies within firms toaccommodate increasing turbulences in future construction markets. Any RM activities should beconducted as an integrated part of the total management of firms, businesses, and projects. Managersare encouraged to familiarize themselves with the insights within both traditional and modern RMconcepts. Each of the 116 insightful references addresses one of the three views only. Nevertheless,practicing risk managers can use them as the starting „pieces‟ in solving their puzzles of enlarged orintegrated RM, respectively.ReferencesChapman C and Ward S (2003) Project risk management - processes techniques and insights, Wiley.Edwards P and Bowen P (1998) Risk and risk management in construction: a review and futuredirections for research. Engineering, Construction, and Architecture Management 5(4): 339-349.Flanagan R and Norman G (1993) Risk management and construction, Blackwell.Guastello S (2002) Managing emergent phenomena – nonlinear dynamics in work organizations,Lawrence Elbaum Associates.Hillson D (2004) Effective opportunity management for projects – exploiting positive risk. CRCPress.Huovinen P (2008) “Reviewing Conceptual Research on International Management”. In Larimo J(ed.) Perspectives on Internationalization and International Management. Post-ConferenceProceedings of the 9 th Vaasa Conference on International Business. Proceedings No. 148. Vaasa,University of Vaasa: 363-383.Institution of Civil Engineers and The Actuarial Profession (2005) RAMP Risk analysis andmanagement for projects. London, Thomas Telford.Lehtiranta L, Huovinen P, Palojärvi L, Kiiras J and Jansson N (2010) Managing uncertainty,complexity, risk, and crisis in construction. Structural Engineering and Building TechnologyPublication. Espoo, Aalto University School of Science and Technology. (Manuscript)502

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