A STUDY ON RISK IDENTIFICATION AND ASSESSMENT IN THE CONSTRUCTION OF HIGH – RISE BUILDING

Civil Engineering

Construction projects are developed in complex and dynamic environments resulting in the situation of high uncertainty and risk. Construction objects are unique and built only once and risks raises from a number of various sources. The results of construction differ in terms of location, production techniques, materials and the quality of the finished product with respect to space, quality and durability. Managers need to ensure delivery of projects to cost, schedule and performance requirement. Risk is present in all the activities in a project; it is only the amount which varies from one activity to another. Risk assessment is a tool to identify those risks in a project and manage it accordingly with proper treatment. The methodology of this study depends on the questionnaire survey which was collected from the local high-rise building contractors. A literature review, pilot study and interviews are conducted to identify the risk factors that affect the performance of construction industry. The questionnaire prepared was formulated by referring the relevant literatures and seeking advice in the area of construction risk management. The paper aims at studying the risk factors that has a negative impact on project budget and schedule in the construction of high-rise buildings.

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