An Assessment and Analysis of Major Risks in Construction Projects

K. Jayasudha, B. Vidivelli

Abstract


Construction project planning is an essential element in the management and execution of construction projects which involves the definition of work tasks and their interactions, as well as the assessment of required resources and expected activity durations. The study, therefore, examined the awareness of professionals in construction industry of the various types of planning techniques and tools used on construction sites, Questionnaires were administered on selected building professionals (Project Managers, Engineers, Architects), and Contractors and Sub-contractors directly involved in construction work on sites in Lagos State with emphasis placed on planning and the use of planning tools and techniques as major tools for successful project execution. The data obtained were analyzed using the Statistical Package for Social Scientist for Windows (SPSS), and the results were presented by the use of statistical tools such as frequency tables and pie charts. The study shows that there is low awareness on the functional use of construction planning tools and techniques, and recommended that the use of the construction planning tools and techniques should be applied in all building projects and there should be regular adequate training of professionals on the effectiveness and improvement in Information Technology in the construction industry especially in project planning and execution.


Keywords


Risk Management , Questionnaire, SPSS

Full Text:

PDF

References


Dr. R. K. KANSAL, MANOJ SHARMA “Risk Assessment Methods and Application in the Construction Projects” International Journal of Modern Engineering Research (IJMER) Vol.2, Issue.3, May-June 2012 pp-1081-1085 ISSN: 2249- 6645.

O. O. Odimabo, C. F. Oduoza “Risk Assessment Framework for Building Construction Projects’ in Developing Countries ’’International Journal of Construction Engineering and Management p-ISSN: 2326-1080 ISSN: 2326-1102 2013; 2(5): 143-154.

Kinnaresh Patel “A study on risk assessment and its management in India” American Journal of Civil Engineering 2013; 1(2): 64-67.

Prakash Mutgi1, Udayashankar D. Hakari2 “Project Management Practice And Risk Perception In Construction Companies” IOSR Journal of Mechanical and Civil Engineering (IOSR-JMCE) ISSN: 2278-1684, PP: 37-42.

Dr. Mohammad Nayfeh“Risk management of the construction stage for the construction projects in Syria” Damascus University Journal Vol. (28) - No. (1) 2012.

A. Sotoodeh Gohar1 , M. Khanzadi1, Maryam Farmani2,* “ Identifying and Evaluating Risks of Construction Projects in Fuzzy Environment: A Case Study in Iranian Construction Industry” Indian Journal of Science and Technology Vol:5 Issue:11 November 2012 ISSN:0974-6846 .

Shuying Li “Risk Management for Overseas Development Projects” International Business research Vol .2, No .3 2009.

Cheng Siew Goh and Hamzah Abdul-Rahman1 “The Identification and Management of Major Risks in the Malaysian Construction Industry’’ Journal of Construction in Developing Countries, 18(1), 19–32, 2013.

Adnan Enshassi and Jaser Abu Mos “Risk Management in Building Projects: Owners’ Perspective’’ The Islamic University Journal Vol.16, No. 1, pp 95-123, 2008, ISSN 1726-6807.

Lee Chun Siang and Azlan Shah Ali “Implementation of Risk Management in the Malaysian Construction Industry” Journal of Surveying, Construction & Property Vol.3 Issue 1 2012-07-02.

R.C.Walke et al. “An approach to risk quantification in construction projects” International Journal of Engineering Science and Technology Vol. 3 No. 9 September 2011 .pp 6846-6855

L. Y. Shen,1 George W. C. Wu,2 and Catherine S. K. Ng3. Risk assessment for construction joint venture in chinaJournal of construction Engineering and management Vol. 127 No. 1 January/ February 2001 pp. 76-81.

Wenzhe Tang1; Maoshan Qiang2; Colin F. Duffield3; David M. Young4; and Youmei Lu5. Risk management in the Chinese construction industry

Journal of construction Engineering and Management ASCE/ DECEMBER 2007

Dr Patrick. X.W. Zou1, Dr Guomin Zhang2 and Professor Jia-Yuan Wang3 1 and 2: Faculty of Built Environment, University of New South Wales, Sydney 2052, Australia;3: College of Architecture and Civil Engineering, Shenzhen University, Shenzhen, P.R. China. Identified Key Risks in Construction Projects: Life Cycle and Stake Holder Perspectives.

Akintoye A.S and MacLeod, M.J. (1997). Risk analysis and management in construction, International Journal of project Management. Vol 15, February 1997, pages 31-38.

Ossama A.Abdou (Asst.Prof. Dept. of Civil and Arch. Engg.Drexel University) Managing Construction Journal of Architectural Engineering, Vol 2, No.1 March 1996, pp. 3- 10.

Matins Claudia Garrido, Morano Cassia Andra Ruotolo, Fereira Miguel Luiz Riberio and Haddad Assed Naked. Risk Identification Techniques Knowledge and Application in the Brazilian Construction Vol. 2(11), pp. 242-252, November2011

Chapman R.J. (2001) The Controlling Influences on Effective Risk Identification and Assessment for Construction Design Management, International Journal of Project Management. Vol 19.Issue 3, pp. 147-160.

Al-Bahar, J.F. and Crandall, K.C. (1990). Systematic risk management approach for construction project. Journal of Construction Engineering and Management, 116(3): 533–546.

Artto, K.A. (1999). Development of World-Class Practices in Project Companies. In The Future of Project Management, Project Management Institute Research Series. Newtown Square, PA: Project Management Institute (PMI), 127–137.

Kendrick, T. (2009). Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project. 2nd Edition. New York: AMACOM Div. American Management Association.

Project Management Institute. (2004). A Guide to the Project Management Body of Knowledge. Newtown Square, Pennsylvania: PMI.


Refbacks

  • There are currently no refbacks.