文章基本信息

标题：Risk and its impacts on time and cost in construction projects
本地全文：下载
作者：V. Aarthipriya ; G. Chitra ; J. Sevvel Poomozhi 等
期刊名称：Journal of Project Management
印刷版ISSN：2371-8366
电子版ISSN：2371-8374
出版年度：2020
卷号：5
期号：4
页码：245-254
DOI：10.5267/j.jpm.2020.6.002
出版社：Growing Science
摘要：The construction process is inherently prone to risks. Risk management is an essential and integral part of project management on all construction projects. Risk analysis is one of the core components of risk management that enables professionals to quantify and analyze risks that may pose potential threats to project performance in terms of various parameters. This research was conducted to identify and analyze risks associated with residential construction in Bangalore. In this study, risk and its impact on time and cost was identified and analyzed. Schedule impacts of project risks were supplemented by conducting quantitative risk analysis such as Monte Carlo simulation and sensitivity analysis using the Primavera risk analysis software. In case of cost, the cost variance was found out and mitigation measures were given. Thus, by effectively managing the risks, organization has more timely, comprehensive and deeper understanding of risks which in turn facilitates better decision making and confidence to take on new ventures or even to accept higher level of risk.
关键词：Risk Management; Schedule and Cost Impacts; Monte Carlo Simulation; Sensitivity Analysis