Risk Management At MACC
The risk management model in MACC is an enterprise risk management policy where there is an integration of business risk management at all levels to help eliminate any negative impact on the company and its projects.
Throughout the life of MACC and its projects, there are risks that need to be managed, to reduce the likelihood and impact of unwanted outcomes such as time and cost overruns as a result of changes in the business environment.
MACC has adopted an enterprise-wide risk management framework that is applied consistently across the company and a correspondent risk management strategy for each project that takes account of the wider business perspective as well as the immediate risks associated with the project.
With such a successful strategy, MACC is one of the few Palestinian contracting companies that could survive after years of severe conditions where most projects were suspended and no new projects were awarded. The survivability of MACC is due to efficient business planning, controlling of the company growth, contingency planning, and successful risk management.