Analysis of Risk in Construction Industry

EOI: 10.11242/viva-tech.01.04.190

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Mr. Amar Chaurasia, Mr. Krishna Jadhav, Mr. Swaraj Kamble,Mr. Parag Hindlekar, "Analysis of Risk in Construction Industry", VIVA-IJRI Volume 1, Issue 4, Article 190, pp. 1-5, 2021. Published by Computer Engineering Department, VIVA Institute of Technology, Virar, India.


Risk management can be directly related to the successful project completion as it is very much essential. Project management literature describes a detailed and widely accepted risk management process, which is constructed basically from four iterative phases: risk identification, risk estimation, risk response planning and execution, often managing the risk management process is included. Construction project planning is an essential element in the management and execution of construction projects which involves the definition of work tasks and their interactions as well as the assessment of required resource sand expected activity durations. The study, therefore, examined the awareness of professionals in construction industry of the various types of planning techniques and tools used on construction sites, Questionnaires were administered on selected building professionals (Project Managers, Engineers, Architects), and Contractors and Sub-contractors directly involved in construction work on sites in planning and the use of planning tools and techniques as major tools for successful project execution.


Interaction, Interactive phases, Questionnaire, risk management.


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