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48 articles for “project risk analysis”
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Risk Analysis of Infrastructure Projects - Case of Mumbai Metroline 1
Abstract: The study attempts to identify key risk factors during the execution phase of the Elevated Mumbai Metro Project by administering a structured questionnaire to professionals with substantially long work experience on different projects and extensive review of academic and industry literature. The various risks identified are categorized as related to client, contractor, consultant, material, labour, equipment and external risks. They are further evaluated by applying Failure Mode and Effect Analysis …
Published in Journal of Construction Engineering, Technology & Management · Vol. 9, Issue 3, 2019 · pp. 16–29 Read article
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Fuzzy Mathematics in Decision-Making: A Quantitative Perspective
Abstract: Fuzzy mathematics plays an increasingly generalized role in decision-making, and thus, this paper details different types of fuzzy mathematics and highlights other possible alternatives alongside fuzzy methodologies. Fuzzy models offer a versatile and precise approach to assessing complex and uncertain situations using fuzzy sets, membership functions, linguistic variables, and aggregation methods. Through the lenses of time, cost, and quality, the project management case study illustrates how fuzzy logic effectively evaluates …
Published in Research & Reviews: Discrete Mathematical Structures · Vol. 12, Issue 1, 2025 · pp. 6–12 Read article
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A Quantitative Fuzzy MCDM Framework for Decision Support in Uncertain Environments
Abstract: Fuzzy mathematics play an increasingly generalized role in decision-making, and thus, this paper details different types of fuzzy mathematics and it signs other possible solutions in addition to fuzzy mathematics. Fuzzy models offer a versatile and precise approach to assessing complex situations through the use of fuzzy sets, membership functions, and aggregation methods. Through time, cost and quality, the project management case study illustrates how fuzzy logic works for them. …
Published in Research & Reviews: Discrete Mathematical Structures · Vol. 13, Issue 1, 2026 · pp. 1–8 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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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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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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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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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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An Empirical Analysis of Cost, Time, and Quality Relationships Using Correlation and Regression Techniques
Abstract: Cost, time, and quality have been recognized as the three key dimensions that determine construction project performance and are commonly represented through the "Project Management Triangle." However, despite their theoretical linkage, there is limited empirical evidence to quantify the nature of their relationships, particularly within developing construction markets. This paper seeks to contribute to addressing this shortfall by investigating the specific influence of cost and schedule variations upon quality outcomes …
Published in Journal of Construction Engineering, Technology & Management · Vol. 16, Issue 1, 2026 · pp. 52–60 Read article
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REALIZATION OF SUSTAINABLE CIVIL INFRASTRUCTURES THROUGH EFFECTIVE PROJECT MANAGEMENT IN A CHALLENGING ECONOMY
Abstract: Infrastructure and effective project management is a great challenge facing sustainable development of infrastructure in Third World Cities and Civil Engineers have a lot of roles to play in sustainable infrastructural development in a challenging economy. This paper examines ways of realizing sustainable infrastructures through project management and civil engineering practice. Secondary data from works of literature and notable information from engineers were utilized. Project management is very essential for …
Published in Journal of Construction Engineering, Technology & Management · Vol. 12, Issue 3, 2022 · pp. 1–10 Read article
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Significance and Analysis of the Time and Cost Overrun in the Construction Industry of Mumbai
Abstract: The occurrence of time and cost overrun has become quite significant in a majority of construction projects in India, which is negatively affecting the GDP and potential development of nation. As per the statistics of project cost and duration in March 2012, 179 projects out of 555 projects of worth 150 Crore INR have been facing cost and time overrun and others are at the very high risk, with the …
Published in Journal of Industrial Safety Engineering · Vol. 8, Issue 2, 2021 · pp. 7–13 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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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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Machine Learning Based House Price Forecasting
Abstract: This research endeavours to craft a predictive model leveraging machine learning to estimate the market value of houses in Delhi. By integrating Python and its powerful libraries, pandas for data processing, Plot for interactive visualizations, scikit-learn for implementing machine learning algorithms, XGBoost for boosting the model's prediction accuracy, and to evaluate the model's performance cross-validation techniques are used. An interactive user interface is created using a Flask web application to …
Published in Current Trends in Information Technology · Vol. 14, Issue 1, 2024 · pp. 5–11 Read article
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Comprehensive Review of the Tehri Dam: Current Status and Developments
Abstract: The Tehri Dam project in India's Chandpur Formation, located in the Himalayan region, has raised concerns about seismic risks due to the presence of main central thrust and main boundary thrust lines. A comprehensive seismic risk analysis was conducted during the design phase of the Tehri Project at the University of Roorkee and the Hydro Project Institute in Moscow. The rock-fill dam is equipped with an underground powerhouse with four …
Published in Journal of Geotechnical Engineering · Vol. 10, Issue 2, 2023 · pp. 13–23 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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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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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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Evaluating Delay Impacts: From Root Cause Analysis to Dispute Resolution
Abstract: Construction projects inherently involve complex coordination among multiple stakeholders, interdependent tasks, and unpredictable external challenges, which frequently cause schedule overruns and disputes. Traditional contractual mechanisms—such as extensions of time (EoT), liquidated damages, and force majeure clauses—serve to define responsibilities, allocate risk, and establish formal dispute pathways when delays arise. For example, EoT provisions protect contractors from penalties when delays are beyond their control, provided proper notice and evidence are submitted …
Published in Journal of Structural Engineering and Management · Vol. 12, Issue 3, 2025 · pp. 11–25 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