Risk Assessment and Management of Construction Project

International Journal of Research in Engineering, Science and Management

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Field Value
Title Risk Assessment and Management of Construction Project
Creator Rathod, Deep Gopal
Patil, Yash Digambar
Patil, Shrey Jagdish
Sontakke, Nikhil
Subject risk identified
qualitative and quantitative risk analysis
mitigation of risks
Description The goal of this paper is to identify and analyze the numerous risks and their consequences associated with various phases of a construction project, as well as to give risk mitigation methods through a systematic risk management methodology. Construction projects are undertaken in difficult situations, resulting in significant levels of uncertainty and risk, which are exacerbated by strict time and schedule constraints. These risks are not adequately addressed, and as a result, the industry has underperformed. Because infrastructure projects are vast in scale and cost a significant amount of money, any waste (in terms of time, resources, or other factors) would result in significant financial losses. The losses are attributable to a variety of hazards that come with such large-scale initiatives. Through our research, we hope to reduce the financial and other negative implications of the construction project.
Publisher RESAIM
Date 2022-05-02
Type info:eu-repo/semantics/article
Peer-reviewed Article
Format application/pdf
Identifier https://www.journals.resaim.com/ijresm/article/view/1991
Source International Journal of Research in Engineering, Science and Management; Vol. 5 No. 4 (2022); 181-187
Language eng
Relation https://www.journals.resaim.com/ijresm/article/view/1991/1930
Rights Copyright (c) 2022 Deep Gopal Rathod, Yash Digambar Patil, Shrey Jagdish Patil, Nikhil Sontakke

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