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77 articles for “Project Risk Management”
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A REVIEW ARTICLE ON RISK MANAGEMENT IN CONSTRUCTION PROJECTS
Abstract: Risks are very general in construction industry. The construction industry is broadly linked with a high risk and uncertainty due to the nature of its working environment. Thus, the need of risk management is required. Risk management is to identify risk, analysis risk and provided most suitable treatments. Risk analysis is done to identify these risks in the project and manage it accordingly. By using probability and impact method which …
Published in Journal of Construction Engineering, Technology & Management · Vol. 8, Issue 3, 2018 · pp. 1–4 Read article
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Innovative Risk Aperture Manipulation Model for Risk Management in Mega Project Construction
Abstract: The complexities associated with the technical, managerial and financial interventions in mega project implementation accommodates greater risks, encapsulating the complete project period from inception to closure. Consideration of risks in mega project scope is of paramount importance as it delineates either threat or opportunity in the guise of uncertainty at each and every phase of the project. The absence of innovative and rigorous risk management structure imparts a perplexing scenario …
Published in Trends in Transport Engineering and Applications · Vol. 2, Issue 1, 2015 · pp. 11–24 Read article
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Risk Based Estimation in Construction Projects
Abstract: Final cost of a project is always subjected to many variables and assumptions. A single value estimate only represents one of the many possible conditions that can arise in the future. Hence a cost estimate should be represented as a range of values rather than a single value. Construction projects are complex project which involve many uncertainties. Uncertainties in activities can be a threat to the project objective or an …
Published in Journal of Construction Engineering, Technology & Management · Vol. 12, Issue 3, 2022 · pp. 24–36 Read article
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Participatory Risk Management Model for Construction Projects Using Expert Systems
Abstract: Construction involves processing of numerous interdependent risks. But risk management in the sector is still largely intuitive and mere system compliance. Meticulous efforts towards a system-based approach is lacking. These lapses emphasized the need for developing an easy to use participatory model for risk management at construction project sites. A model that would not only enhance the effectiveness of the risk management process but also generate essential knowledge that can …
Published in Journal of Construction Engineering, Technology & Management · Vol. 6, Issue 2, 2016 · pp. 17–24 Read article
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Determination of the Priority in Risks Management of Construction Projects
Abstract: Construction projects are faced to a state of uncertainty and an increase in the likelihood of multiple risk types, since that the achievement of these projects goes through several stages. The first is the decision stage and other stages ending with the maintenance phase of these projects, which leads to increase in the length of the period of completion, and privacy enjoyed by construction projects and distinguishes them apart from …
Published in Journal of Construction Engineering, Technology & Management · Vol. 7, Issue 1, 2017 · pp. 45–54 Read article
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Risk Assessment for Integrated Project Management System in Construction Industry
Abstract: AbstractThis paper presents a risk assessment model for construction projects. There are a number of problems in the construction industry in India that are attributed to various factors. The focus of the present research is to identify factors that influence the smooth completion of a project and develop a risk assessment model. The experience and success in the construction industry nowadays does not depend only on the traditional civil engineering …
Published in Journal of Construction Engineering, Technology & Management · Vol. 8, Issue 1, 2018 · pp. 20–25 Read article
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Identification and Management of Risk in Building and Infrastructure Projects
Abstract: Building and infrastructure projects are very large and complex in nature consisting of extensive risks. For the successful accomplishment of these projects, risk identification and management should be used effectively. This paper recognizes the critical risk factors related to building and infrastructure projects in India. Seventy risks were identified through an in-depth study of literature related to risk in building and infrastructure projects. These seventy risks were categorized into eight …
Published in Journal of Construction Engineering, Technology & Management · Vol. 10, Issue 2, 2020 · pp. 1–9 Read article
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Empirical Evaluation of Performance ofConstruction Management at-Risk (CM at-Risk) Project Delivery System With and Without Agency-CM
Abstract: A project delivery system is a comprehensive process of assigning the contractual responsibilities for designing and constructing a project. Design-Bid-Build (D-B-B), Design-Build (D-B), and Construction Management at risk (CM-at-Risk) are the three principal project delivery systems. Agency CM is as a construction management system, and is a way to manage the process of construction.Agency-CM doesn’t take any performance risk in guaranteeing project cost, project schedule and project quality. Generally Agency …
Published in Journal of Construction Engineering, Technology & Management · Vol. 3, Issue 1, 2013 · pp. 13–25 Read article
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Environment, Health and Safety Management by Risk Assessment of Activities in Construction Project Site
Abstract: The constructing development enterprise is developing all over the world. The construction activities and work is a strong part of the wealth in India. it gives opportunities for employment for a wide range of people in the country. The aims of this study are to find out the regular practice of health and safety risk calculations, risk communication and risk management; and the environment health and safety management planning for …
Published in Journal of Industrial Safety Engineering · Vol. 9, Issue 2, 2022 · pp. 17–29 Read article
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Risk Management in Civil Engineering by FTA, FMEA and Risk Matrix
Abstract: Infrastructure projects, particularly in civil engineering, are fraught with uncertainties that manifest as both physical and financial risks. The project report, titled Quantifying and Managing Financial and Physical Risks in Infrastructure Projects, aims to bridge the existing gap between managing these two critical categories of risks. By integrating advanced statistical methodologies such as Failure Mode and Effects Analysis (FMEA), Fault Tree Analysis (FTA), Risk Matrix, and Regression Analysis, this study …
Published in Journal of Structural Engineering and Management · Vol. 12, Issue 1, 2025 · pp. 34–46 Read article
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Analysis of Time and Cost Overruns in Road Project
Abstract: Management of the risk is the best approach during construction of road project, wherein numbers of unforeseen factors are involved. The project under consideration is the construction of 30 m wide road from Wadalagaon to Takligaon under the jurisdiction of Nashik Municipal Corporation. The road construction was started especially to cater the huge crowd likely to occur during Sinhastha Kumbha Mela, which comprises of laying of water supply, storm water …
Published in Journal of Construction Engineering, Technology & Management · Vol. 6, Issue 2, 2016 · pp. 52–57 Read article
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Identification and Evaluation of Safety Factors in Construction Industry Using Fuzzy Reasoning Technique
Abstract: Modern construction projects, characterized by their complexity and uniqueness, are inherently susceptible to various risks. These risks represent uncertain events that may arise during the project's life cycle, potentially influencing its objectives either positively or negatively. Positive risks are referred to as opportunities, while negative risks are identified as threats. To effectively harness these opportunities and mitigate threats, the implementation of Risk Management is essential. A novel theoretical framework known …
Published in Journal of Industrial Safety Engineering · Vol. 12, Issue 3, 2025 · pp. 7–12 Read article
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Integration of Decommissioning Risk Management Activities in the Safety Assessment Methodology of Facility
Abstract: AbstractDecommissioning activities in facilities is a particular case, which includes the stop of operation, dismantling of engineered barriers and changing of administration procedures. Despite that the operation of the facility is ceased, decommissioning processes have the potential to create hazards in the facility. Therefore, in order to build confidence for the safety of decommissioning activities, safety assessment and risk management shall be studied. Safety assessment documents, prepared by the operators, …
Published in Journal of Nuclear Engineering & Technology · Vol. 7, Issue 3, 2017 · pp. 1–8 Read article
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Performance enhancementof Discrete Event Simulation in Project Management for Optimal Project Results
Abstract: The key to project success is having clear objectives. A lot of projects fail because their outcomes are not clear and the processes required to achieve them are not clear. Conventional methods of project management often operate on fixed schemes and simplifying assumptions which do not convey what actually happens in production or operation management. Ways of working of similar systems use caution in their assessment; the claim is that …
Published in Journal of Production Research & Management · Vol. 16, Issue 2, 2026 · pp. 20–25 Read article
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Performance enhancement of Discrete Event Simulation in Project Management for Optimal Project Results
Abstract: The key to project success is having clear objectives. A lot of projects fail because their outcomes are not clear and the processes required to achieve them are not clear. Conventional methods of project management often operate on fixed schemes and simplifying assumptions which do not convey what actually happens in production or operation management. Ways of working of similar systems use caution in their assessment; the claim is that …
Published in Journal of Automobile Engineering and Applications · Vol. 16, Issue 2, 2026 · pp. 20–25 Read article
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Assessment of Risk Management in Nigeria Construction Industry
Abstract: AbstractIneffective risk management in the construction industry over the years has caused significant negative effects such as cost overrun, delay in completion time, low quality of end product, re-construction of work and project abandonment. The study was designed to assess risk management in Nigeria construction industry with a view to identifying and assess risk management tools used in the construction industry, know the level of usage of risk management tools …
Published in Journal of Construction Engineering, Technology & Management · Vol. 8, Issue 2, 2018 · pp. 1–10 Read article
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A Monte Carlo Simulation Approach to Decision Analytics in Manufacturing and Industrial Automation Project Management
Abstract: Manufacturing and industrial automation projects face high uncertainty and risk arising from factors such as complex supply chains, equipment variability, and fluctuating production demands. If not properly managed, these uncertainties can lead to costly delays, unplanned downtime, and budget overruns that jeopardize project success. Given the shortcomings of deterministic planning in such volatile environments. If not properly managed, it can lead to costly delays and failures if not properly managed. …
Published in Journal of Production Research & Management · Vol. 15, Issue 2, 2025 · pp. 1–12 Read article
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Integrated risk assessment framework for mixed use real estate development: Retail–office configuration
Abstract: Mixed-use real estate development is a multifaceted challenge that offers significant potential benefits, yet developers and urban planners face skepticism and uncertainty. Despite the promise of enhancing property values, promoting secure neighborhoods, stimulating economic vitality, and creating synergies, the associated risks demand a critical examination. This research seeks to address this gap by constructing a comprehensive risk assessment framework for mixed-use real estate projects. The literature review underscores the substantial …
Published in International Journal of Rural and Regional Development · Vol. 2, Issue 1, 2024 · pp. 22–36 Read article
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Analysis of Project Management Optimization Using CPM and PERT in a Dynamic Business Environment
Abstract: In the current fast-changing business environment, organizations must remain agile and strategically responsive to unpredictable challenges such as supply chain disruptions, shifting consumer demands, and evolving market trends. Project management techniques like the Critical Path Method (CPM) and the Program Evaluation and Review Technique (PERT) serve as valuable tools in helping businesses manage these complexities effectively. CPM is a time-focused method that identifies the longest sequence of dependent tasks in …
Published in Journal of Construction Engineering, Technology & Management · Vol. 15, Issue 3, 2025 Read article
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Incorporating Industrial Safety Management into Civil Engineering Works for Health and Environment
Abstract: Industrial safety management is an important tool for protecting workers, assets, and environment because it involves risk assessment, hazard control, emergency preparedness and other important practices that can enhance civil engineering construction. Civil engineering projects such as roads, bridges, dams, and water supply systems present complex occupational and environmental risks, from physical accidents on-site to ecological degradation. This paper critically examines the integration of industrial safety and management strategies into …
Published in Journal of Industrial Safety Engineering · Vol. 12, Issue 3, 2025 · pp. 25–41 Read article