UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 8 Issue 6
June-2021
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2106697


Registration ID:
311360

Page Number

e980-e989

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Title

quantitative risk analysis in construction

Abstract

This paper proposes to study and indentify key risk factors which may result in cost and delay of construction process. This paper proposes to study the Quantitative risk analysis in construction and how these risks adversely affect in completion of construction project. Risk analysis identifies the issues that slow down the process of construction. During recent years, risk analysis has become a major subject of management research. The paper presents the main results of the survey and highlights the effects of Risk analysis in construction that exists in the construction industry Construction projects are all the same in nature and have a one-time activity. A large number of people are involved in such projects. Contractors, subcontractors, suppliers, engineers, and project management consultants / third party consultants are the agents employed by clients for building projects. Although the construction industry recognises the value of quantitative risk analysis in optimising project execution, research in this area is still lacking. The main target of the project management is to finish the project within specific time and cost with assured quality. There are more tools and techniques available for optimizing the construction process to prevent the time and cost overruns. Survey is very important for identifying the factors and analysis it. In this a questionnaire survey will be distributed among the contactors and owners. The paper presents the main results of the survey and highlights the effects of critical risks in construction that exists .The this research will be carried out by the help of a questionnaire survey and data analysis will be done by three different statistical tools that are Relative Importance Index Method, Weighted Average Index Method and Spearman’s Rank Correlation Coefficient.

Key Words

Quantitative Risk Analysis, SPSS Statistics Software, Cronbach’s Alpha Value, Relative Importance Index Method, Weighted Average Index Method and Spearman’s Rank Correlation Coefficient.

Cite This Article

"quantitative risk analysis in construction ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 6, page no.e980-e989, June-2021, Available :http://www.jetir.org/papers/JETIR2106697.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"quantitative risk analysis in construction ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 6, page no. ppe980-e989, June-2021, Available at : http://www.jetir.org/papers/JETIR2106697.pdf

Publication Details

Published Paper ID: JETIR2106697
Registration ID: 311360
Published In: Volume 8 | Issue 6 | Year June-2021
DOI (Digital Object Identifier):
Page No: e980-e989
Country: barabanki, Uttar Pradesh, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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