Open AccessRisk Assessment and Control in Construction Projects
Author(s) -
Zeeshan Sidiq Paul,
Sandeep Singla,
Manish Kaushal
Publication year - 2020
Publication title -
international journal of engineering and advanced technology
Language(s) - English
Resource type - Journals
ISSN - 2249-8958
DOI - 10.35940/ijeat.c5115.029320
Subject(s) - questionnaire , risk analysis (engineering) , control (management) , business , sample (material) , risk assessment , hazard , process (computing) , risk management , operations management , production (economics) , construction industry , marketing , engineering , actuarial science , computer science , computer security , construction engineering , economics , finance , social science , chemistry , organic chemistry , chromatography , artificial intelligence , sociology , macroeconomics , operating system
Construction tasks are initiated in changing and complex environments results in circumstances of excessive uncertainty and danger, that are compounded by means of worrying time constraints. Construction industry has modified significantly during the last numerous years. It is the industry driven on the whole via non-public investors; the existence of securitized immovable property has multiplied considerably. It is prone to the business and numerous technical dangers which represent higher exposures than risks which are traditional. Thus there is a need of Risk Assessment. Risk Assessment is a Process to discover those risks in a assignment and manipulate it as a result with a right treatment. Assessment of Risk is described as a tool which identifies and measure risk to personnel and belongings impacted by an assignment. The general technique of this Study depends largely on the questionnaire survey which become accrued from the local constructing contractors of different sizes with the aid of mail or by way of personnel meeting. A thorough review of literature is to begin with carried out to discover the hazard elements that have an effect on the overall performance of creation enterprise as a whole. The questionnaire survey is designed to probe the cross-sectional behavioral sample of production risks . The questionnaire organized for the pilot survey turned into formulated by means of seeing the applicable literature within the vicinity of creation risk management. Total seventy five businesses the questionnaires have been given, in which forty five had an powerful respond and two of them were rejected due to flawed answering. Thus the reaction rate is 60% which is taken into consideration a terrific response in this kind of survey. This studies seeks to become aware of and assess the dangers and to increase a risk control framework which the contractors/investing body can adopt while contracting creation work in Kashmir.