Evaluating and Controlling Potential Risk in Construction Projects

EasyChair Preprint no. 12120

Abstract

The study's objective is to identify and analyze the severity and likelihood of frequency of risk factor. in Industrial and Residential construction projects and also to gain knowledge on the risk factors that could be the governing factors in Industrial, and resident projects. The analysis is done using the ranking method which identifies the major risk factors in the planning stage, execution stage and completion stage. A questionnaire is prepared based on expert opinion, personal interview and literature review through which major dominating factors in industrial and residential construction projects are taken for survey. The identified factors can have either direct or indirect effects which newline are analyzed through quantitative or qualitative methods. Further, the research also implements super decisions software using the Analytic Network Process (ANP). Software analysis together with the statistical analysis gives the top risk groups, enabling us to focus and eliminate the risk factors for the successful completion of the projects.

Keyphrases: Risk Analyzing, risk factors, Risk Identifying, Risk Organization

@Booklet{EasyChair:12120,
  author = {Kaushal Chauhan and Jaydeep Pipaliya},
  title = {Evaluating and Controlling Potential Risk in  Construction Projects},
  howpublished = {EasyChair Preprint no. 12120},

  year = {EasyChair, 2024}}