RISK MANAGEMENT IN CONSTRUCTION PROJECTS USING QUANTITATIVE METHOD

Meti Retesh Shivasangappa, Sneha.K.Sawant, Smita Pataskar

Abstract: The center part of the study is to deal with various risk encountered in construction projects. It hasbeen recognized as important part of project life cycle in order to achieve the objectives in terms of time, quality, cost and scope. Based on the conditions of construction projects this study identifies and analyze them with appropriate risk managing techniques to give solution to various risks. All analysis are based on theoretical background regarding risk, risk management process and project life cycle approach in the construction sector. This study presents the risk management in the pre-execution stages, execution, post -execution of project life cycle of construction project. This study proposes to apply risk managing techniques which includes well-documented procedure for the one stop solution all types of hazard most likely to occur during any construction

Keywords: Risk management, Risk identification. Risk classification, Risk analysis and Risk response, ATMA

DOI: https://doi.org/10.15623/ijret.2017.0603018