A framework for combining risk-management and performance-based building approaches

Models and frameworks used for managing construction projects are typically inspired in business 'cultures' that prevail within industrial contexts. The conceptual backgrounds of quality, performance, and risk environments are explored to ascertain whether these 'cultures' can complement each other. A new general approach towards Risk-Managed Performance-Based Building (RM-PBB) is presented, including the principles and inputs used for designing and implementing an RM-PBB framework. Such a framework envisages the fulfilment of end-users' (society and individuals) and other interested parties' requirements relating to the building product, as well as the agile interaction between and within the building, manufacturing, property, and capital and insurance markets, at both national and international levels.