Assessment of Risk in Construction Industry

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dc.contributor.author Neeraj, Shankar en
dc.contributor.author Balasubramanian, M en
dc.date.accessioned 2017-09-24T23:00:59Z en
dc.date.issued 2015-04 en
dc.identifier.citation International Research Journal of Engineering and Technology 2(1):68-72 Apr 2015 en
dc.identifier.issn 2395-0056 en
dc.identifier.uri http://hdl.handle.net/2292/35762 en
dc.description.abstract Construction projects are initiated in complex and dynamic environments resulting in circumstances of high uncertainty and risk, which are compounded by demanding time constraints. Construction industry has changed significantly over the past several years. It is an industry driven primarily by private investors; the presence of securitized real estate has increased considerably. It is vulnerable to the numerous technical & business risks that often represent greater exposures than those that are traditional. Thus risk assessment need arises. Risk assessment is a tool to identify those risks in a project and manage it accordingly with proper treatment. Risk assessment is defined in this study as a technique that aims to identify and estimate risks to personnel and property impacted upon by a project. The general methodology of this study relies largely on the survey questionnaire which was collected from the local building contractors of different sizes by mail or by personnel meeting. A thorough literature review is initially conducted to identify the risk factors that affect the performance of construction industry as a whole. The survey questionnaire is designed to probe the cross-sectional behavioral pattern of construction risks construction industry. The questionnaire prepared for the pilot survey was formulated by seeing the relevant literatures in the area of construction risk management. This research seeks to identify and assess the risks and to develop a risk management framework which the investors/ developers/ contractors can adopt when contracting construction work in India. en
dc.relation.ispartofseries International Research Journal of Engineering and Technology en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.title Assessment of Risk in Construction Industry en
dc.type Journal Article en
pubs.issue 1 en
pubs.begin-page 68 en
pubs.volume 2 en
dc.rights.holder Copyright: International Research Journal of Engineering and Technology en
pubs.end-page 72 en
dc.rights.accessrights http://purl.org/eprint/accessRights/RestrictedAccess en
pubs.subtype Article en
pubs.elements-id 638563 en
pubs.org-id Engineering en
pubs.org-id Chemical and Materials Eng en
pubs.record-created-at-source-date 2017-07-20 en


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