Risk Assessment in Building Construction Projects

Risks have a large impact on the budget, schedule, and a building project's quality. As the magnitude and complication of the project grows, the ability to control risk throughout the building process has become critical in preventing unplanned consequences. The high-quality procurement and the element of the corresponding agreement terms influence how risks are divided among project players to a great extent. As a result, project players must choose the best project procurement alternative. This dissertation's main objective is to not only assemble a table of building construction hazards, but also to identify the most important risks that can have a great influence on construction and mitigation methods. Assess and identify the most suitable countermeasure for the construction field in order to minimize hazards in future projects. The post-project appraisal method is applied in this dissertation to discover the list of hazards involved with the construction field. The questionnaire survey was conducted at several building projects, and the results were analysed once the survey was completed. The RRI method (Relative rank index) filters the response. Following this strategy, the AHP (Analytic Hierarchy Process) method is used to obtain more precise factors that affect project risk. The risks were discovered as a consequence of the analysis, and recommendations were made.