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Risk Identification & Its Mitigation in Construction Industry

By Darshan Parakhiya

Product Image: Risk Identification & Its Mitigation in Construction Industry

Risk Identification & Its Mitigation in Construction Industry

By Darshan Parakhiya

0 - Default Title
Description
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.
Product details
Binding:
Paperback
Number of Pages:
80
Release Date:
2025-05-07
Publication Date:
2025-05-07
Publisher:
LAP LAMBERT Academic Publishing
Languages:
Original: English
ISBN10:
6208416426
ISBN13:
9786208416423
GPSR Manufacturer Reference:
[email protected]
Weight:
137 g
Height:
150 cm
Width:
220 cm
Thickness:
5 cm
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