Risk Identification & Its Mitigation in Construction Industry

Name: Risk Identification & Its Mitigation in Construction Industry
Brand: LAP LAMBERT Academic Publishing
SKU: 9786208416423
Price: 210.17 RON
Availability: InStock

Autor: Amitkumar Thoriya, Avon Dobariya

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Legare: Carte broșată

Editura: LAP LAMBERT Academic Publishing

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210.17 lei

The construction industry is inherently high-risk due to its complex, dynamic environment and tight...

Informații despre carte

Autor

Amitkumar Thoriya, Avon Dobariya

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2025

Pagini

EAN

9786208416423

ISBN

6208416426

Enbook ID

48978018

Editura

LAP LAMBERT Academic Publishing

Greutate

137

Dimensiuni

150 x 220 x 5

Descriere completă

The construction industry is inherently high-risk due to its complex, dynamic environment and tight time constraints. This study focused on identifying and analyzing risks through a survey of experienced professionals, including project managers and senior engineers. Data were collected via questionnaires and interviews, targeting key risk areas such as poor work quality, design flaws, financial issues, and safety concerns. A Probability-Impact Matrix and severity analysis were used to categorize risks. High-priority risks identified in the red zone included inaccurate time estimates, material shortages, payment delays, price escalation, and insufficient management support. These risks showed severity scores above 15, indicating significant impacts on project cost, time, and quality. A case study on Godrej Garden City confirmed these findings, highlighting the need for immediate mitigation strategies for high-impact risks.

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