Construction risk assessment is the final and decisive stage of risk analysis. When highly changeable conditions of works execution are predicted, risk should be evaluated in the favorable, moderate, and difficult random conditions of construction. Given the random conditions, the schedule and cost estimate of the construction are developed. Based on these values, the risk of final deadline delay and the risk of total cost increase of construction completion are calculated. Next, the charts of the risks are elaborated. Risk changes are shown in the charts and are analyzed in the range [1, 0].

Risks pertaining to construction work relate to situations in which various events may randomly change the duration and cost of the project or worsen its quality. Because of possible significant changes of random events, favorable, moderate, and difficult conditions of construction work are considered. It is the first stage of the construction risk analysis. The probabilistic parameters of construction are identified and described by using the design characteristics model of the structure and the construction technology model. The first describes the probabilistic properties of the structure execution's technology. The second describes the probabilistic properties of the works execution. Both models contain basic probabilistic data for scheduling, cost estimating, and risk assessment of the construction.

Small construction objects are often built by standard task teams. The problem is, how to allocate these teams to individual works? To solve the problem of allocation three methods have been developed. The first method allows to designate optimal allocation of teams to the individual works in deterministic conditions of implementation. As a criterion of the optimal allocation can be applied: “the minimization of time” or “the minimization of costs” of works execution. The second method has been developed analogously for both criteria but for stochastic conditions and for the stochastic data. The third method allows to appoint a compromise allocation of teams. In this case, the criteria “the minimization of time” and “the minimization of costs” are considered simultaneously. The method can be applied in deterministic or stochastic conditions of works implementation. The solutions of the allocation problems which have been described allow to designate the optimal allocation of task teams and to determine the schedule and cost of works execution.