Importance of Project Risk Management in Construction of Multi-Storey Building

The construction project are one of the most important projects which plays an important role in the development of the country. It is generally found that multi storey (or high rise) building are the most important part of the construction industry for the greater development. The major part of the construction industry leads to the multi storey building. Hence risk involved in this part also rates higher in the construction industry. Risk in the construction project is considered as one of the most common problem causing multitude of negative effect on the construction project. The purpose of the study is to identify the construction execution risk of the particular selected sites of multi-storey building and with the help of relationship among them by a questionnaire survey and interdependency can be found. Diagraphs can be generated from the data analysis using the appropriate methods. Which gives clear idea about high to low risk in the construction activity and it is helpful to minimize the risk easily.