Risk Management for a Construction Project - A Case Study |
Author(s): |
Sharath Babu Khedagi , VVIT BANGALORE; Aravind Sagar B, RASTA ? VTU extension centre, Bangalore ; Sowmyashree T, JAIN Institute of Technology. Davangere. |
Keywords: |
Risk Management, Construction |
Abstract |
All categories of any organizations may face few internal and external factors that may make it uncertain to achieve their objectives or goals. This uncertainty is called Risk. A guide to the project management body of knowledge (PMBOK guide) defines project risk management as “The process of conducting risk management planning, identification, analysis, response planning, and monitoring and control on a projectâ€. The main objective of this study is to illustrate application of risk management process in construction project. To achieve this, a case study is chosen in Bangalore which is a residential villa project. A review of literature and experts advice gave opportunity to prepare a risk breakdown structure which has 9 risk categories that result from 39 risk factors which are generally faced in construction projects. Further questionnaire survey played important role in identifying and analysing the risks faced in the case study. And the results of case study conclude with list of risk factors which were majorly affecting the project and their analysis. And a proper recommendation is suggested for the research work carried out. |
Other Details |
Paper ID: IJSRDV6I31007 Published in: Volume : 6, Issue : 3 Publication Date: 01/06/2018 Page(s): 2102-2108 |
Article Preview |
|
|