Identification and Critical Analysis of Risk Factors in Construction Projects
Muzeera Babu Shaik1, SS. Asadi2, D. Satish Chandra3
1Muzeera Babu Shaik, Department of Civil Engineering, Koneru Lakshmaiah Education Foundation Deemed to be University, Guntur (A.P), India.
2SS. Asadi, Department of Civil Engineering, Vignan’s Foundation for Science Technology and Research, Deemed to be University, (A.P), India.
3D. Satish Chandra, Department of Civil Engineering, Koneru Lakshmaiah Education Foundation Deemed to be University, Guntur (A.P), India.
Manuscript received on 29 April 2019 | Revised Manuscript received on 13 May 2019 | Manuscript Published on 28 May 2019 | PP: 130-135 | Volume-7 Issue-6C2 April 2019 | Retrieval Number: F10240476C219/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Present days in construction projects risk management is considered to be a very main managerial process for accomplishment of completing the project within the financial aspects and within the time period. The document has been mostly focuses to identification and critical analysis of risk factors in construction projects, in with the intention of procedure to first identifying the risk factors from the literature review and collecting the data related risk factors from site works. Methodology process is direct interviews with project managers, contractors and site engineers. To identifying the construction risk factors mainly focus monetary, political, environmental, technical, management, safety and materials. In this process conducting the interviews and questionnaire surveys, after completion of survey analyze the data collected from site work and responses.
Keywords: Risk Management, Factors Identification, Factors Analysis.
Scope of the Article: Construction Economics