Risk Management in Construction Project
S. Sathyajith1, M. Naveen2, S. Bharathivasan3, A. S. Hariharan4, M. Manoj Kumar5
1S. Sathyajith, B.E. Student, Department of Civil Engineering, Park College of Engineering and Technology, and Anna University, Coimbatore (Tamil Nadu), India.
2M. Naveen, B.E. Student, Department of Civil Engineering, Park College of Engineering and Technology, and Anna University, Coimbatore (Tamil Nadu), India.
3S. Bharathivasan, B.E. Student, Department of Civil Engineering, Park College of Engineering and Technology, and Anna University, Coimbatore (Tamil Nadu), India.
4A. S. Hariharan, B.E. Student, Department of Civil Engineering, Park College of Engineering and Technology, and Anna University, Coimbatore (Tamil Nadu), India.
5M. Manoj Kumar, Department of Civil Engineering, Park College of Engineering and Technology, and Anna University, Coimbatore (Tamil Nadu), India.
Manuscript received on January 12, 2018. | Revised Manuscript received on January 15, 2018. | Manuscript published on March 30, 2018. | PP: 10-12 | Volume-8 Issue-1, March 2018. | Retrieval Number: A3112038118
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Abstract: There is an several kind of risk occurrence due to increasing of construction projects which leads to excessive effects in time and cost basis. It is based on identification, evaluation and management of risk in construction project. Finally, we provide the suggestion to avoid risk and how to rectify the following risk occurrence. That’s why we collected the data in Gantt chart from construction officials and also to receive the information about construction project by questionnaire. From that we analyses the risk by using software like primavera. The data collection is based on two suspects as government and private organization. Apart from that, we referred number of journals which gave some ideas to manage the risk and provide the solution to avoid risk during construction work and also provide kind of solutions for construction risk sector.
Keywords: Gantt Chart, Primavera, Risk Identification, Risk Assessment, Risk Factors, Risk Control.