Risk Management on Construction Project
M. Manojkumar1, R. Venkateshwaran2, S. Yukesh3, S. Rajiv Gandhi4
1Student M.Manojkumar M.E.Construction Engineering and Management, K.S.R college of Engineering,Tiruchengode, namakkal (dt).
2Student R.Venkateshwaran M.E.Construction Engineering and Management, K.S.R college of Engineering,Tiruchengode, namakkal (dt).
3Student S.Yukesh M.E.Construction Engineering and Management, K.S.R college of Engineering,Tiruchengode, namakkal(dt).
4Student S. Rajiv Gandhi M.E.Construction Engineering and Management, K.S.R college of Engineering,Tiruchengode, namakkal (dt).
Manuscript received on April 16, 2015. | Revised Manuscript received on April 28, 2015. | Manuscript published on March 05, 2015. | PP: 28-31 | Volume-5, Issue-2, May 2015. | Retrieval Number: B2592055215/2015©BEIESP
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©The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/
Abstract: There is an increase in the number of construction project experiencing extensive risks leading to exceeding the initial time and cost budget. Managing risks in construction project has been recognized as a very important management process in order to achieve the project objectives in terms of time, cost, quality, safety and environmental sustainability. To implement construction project, a proper planning and scheduling is of vital important in order for the project to be executed and run smoothly. The software tool Microsoft Project Planner is used for planning, scheduling and controlling. The activities required to complete the building structure excluding the interiors was identified and was fed as an input to Microsoft along with their durations. We have made a study about the risk management and identified the risk involved in the building and found out the causes for the risk occurred throughout the construction work. Finally we have provided the suggestions to avoid that risk. Apart from that we have made a study of journals about risk management on various buildings (hospital, commercial, etc.) and listed out the risk occurring during construction work and provided solution to avoid those risks.
Keywords: Microsoft Project, (hospital, commercial, etc.), software, management.