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Risk Management in The Pipeline Construction

Author(s):

Veerbahu Kapse , KBTCOE

Keywords:

Risk Management, Pipeline Construction

Abstract

The development of infrastructure is one of the most important activities that can boost up the business of various industries, thereby increasing the gross domestic product (GDP) of the country. Construction projects are always unique and risks raises from a number of different sources. Construction projects are very complex in nature incurring different types of risks form different stages of the work. So most of the times these risks are ignored which results in the non-achievement of project goals. Therefore, there is an emerging need for management of all the risks in the project to achieve the project goals. A proper recording of events and defining the intensity and severity of risks is crucial to mitigate risk. A study of various risk and their subsequent parameters will help to get an idea the intensity and depth of risk in pipeline construction.

Other Details

Paper ID: IJSRDV5I51029
Published in: Volume : 5, Issue : 5
Publication Date: 01/08/2017
Page(s): 1109-1112

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