Qualitative Risk Analysis for Construction Projects
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Qualitative Risk Analysis for Construction Projects
Authors:
Manoj Venkatrao Lohbande1, Dr. Ghanasham C Sarode2
1Student, ME in Construction Management, Department of Civil Engineering, DY Patil Institute of Technology, Pune 411081
2Professor & Head of Department of Civil Engineering, DY Patil Institute of Technology, Pune 411081
Abstract - In construction projects, risk is an ever- present challenge, oftentimes viewed as a risk that could impact the design's success and most of the time it leads to delay in completion. These threats are natural in every stage of the construction phase, which may lead to colorful issues. The purpose of this study is to examine the different problems that construction projects or management may face during the time period of a project, estimate their relevancy, and understand how they could affect design sequels. The purpose is to develop an effective strategy for threat management. The focus of this exploration is on relating the implicit threats in construction systems. A check questionnaire is conducted out to guests, advisers, and contractors from multiple construction companies, gathering their input on the threat that they encounter. The collected data is also anatomized using qualitative ways, specifically the probability- impact matrix, to assess both the probability and impact of each associated threat.