A REVIEW ARTICLE ON RISK MANAGEMENT IN CONSTRUCTION PROJECTS

Authors

  • Deepak Tiwari

DOI:

https://doi.org/10.3759/jocetm.v8i3.1334

Abstract

Risks are very general in construction industry. The construction industry is broadly linked with a high risk and uncertainty due to the nature of its working environment. Thus, the need of risk management is required. Risk management is to identify risk, analysis risk and provided most suitable treatments. Risk analysis is done to identify these risks in the project and manage it accordingly. By using probability and impact method which is a very easy method we can manage risk at construction projects. This paper presents a review of need for risk management in the construction project

References

Hong-bo Zhou, S.e. M.ASCE and Hui Zhang,(2011) “Risk Assessment Methodology for a dep Foundation Pit Construction Project in Shanghai, China” Journal of Construction Engineering and management, ASCE, pp. 1185-1194.

Hariharan Subramanyan, Priyadarshi H. Sawant,andVandana Bhatt (2012) “Construction Project risk Assessment: Development of Model Based on Investigation of opinion of Construction Project Experts from India” Journal of Construction Engineering and Management, ASCE, Vol.138 , pp. 409 -421.

Yasser Abdelghany, A.Samer Ezeldin (2010) “Classification of risks for International construction Joint Ventures (ICJV) Projects” Construction Research Congress.

Patel Ankit Mahendra et al., (2013) “Risk Assessment in Residential Construction Projects by SPSS”.

Dr. Firas Khairy Jaber (2015) “A REVIEW ARTICLE ON RISK MANAGEMENT IN CONSTRUCTION PROJECTS”.

Renuka et al., (2014) “A Review on Critical Risk Factors in the Life Cycle of Construction Projects”.

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Published

2018-10-25

Issue

Vol. 8 No. 3 (2018)

Section

Review Article

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