Risk Mitigation of Construction Projects in Hilly Areas
Nishaant Ha1, Anand T2, Sachin Prabhu P3, Dayaanandan M4
1Nishaant Ha, Assistant Professor, Department of Civil Engineering, Kumaraguru College of Technology, Coimbatore (Tamil Nadu), India.
2Anand T, Assistant Professor, Department of Civil Engineering, Kumaraguru College of Technology, Coimbatore (Tamil Nadu), India.
3Sachin Prabhu P, Assistant Professor, Department of Civil Engineering, Kumaraguru College of Technology, Coimbatore (Tamil Nadu), India.
4Dayaanandan M, Former PG Student, Department of Civil Engineering, Coimbatore Institute of Technology, Coimbatore (Tamil Nadu), India.
Manuscript received on 11 December 2018 | Revised Manuscript received on 22 December 2018 | Manuscript Published on 09 January 2019 | PP: 93-95 | Volume-7 Issue-4S November 2018 | Retrieval Number: E1877017519/19©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: In construction industry, there is no risk free project. There are various types of risk associated in a hilly construction project. Risk is identified and then risk assessment and analysis is done. Then risk management and risk mitigation process is carried out in order to reduce risk. Various types of risk associated with hilly construction projects are identified from case study, papers and field study. The identified risk factors are grouped under 9 categories. Risk factor is characterized by its occurrence and impact. The occurrence and impact score for different types of risk are collected from site and online survey from experts and weighted average mean interval score is calculated. From the score value obtained, the risk priority is given using risk heat map. Then find feasible strategy to mitigate the risk in hilly areas.
Keywords: Risk Management, Risk Factors, Risk Assessment, Risk Factors, Risk Priority, Feasible Strategy.
Scope of the Article: Construction Economics