• Aashlesh Rajesh Nyati
• Ms. Harshita .P. Ambre

Risk management is the systematic process of identifying, analyzing, and responding to project risk. The process of risk analysis includes qualitative and quantitative analysis. The qualitative risk analysis is done by prioritizing the identified risk factors based on their probability and impact. The quantitative risk analysis is expressed in terms of monetary value and schedule. The aim of this study is to use earned value management as a quantitative method to risk analysis. The earned value analysis can be used to predict the cost at completion and percentage of completion with reference to the baseline estimate, schedule and actual. This method of quantitative analysis considers financial risk and schedule risk as major factor in the execution of project When the difference between planned value and earned value is observed the risk factors involved can be identified using Deviation Report of Project. Similarly, the quantification for risk can be made by the performance indicators obtained in the earned value analysis. In this way progress of the project can be analyzed and also proactive risk analysis can be done for further completion of the project. Thus earned value management, risk management and material management can be integrated to prevent delay and improve performance of the project.

Earned Value Management, Quantitative Risk Analysis, Quantitative Risk Analysis, Project BOQ Sheet ( Measurement Sheet and Abstract sheet ) , Deviation Report of Project

"“Risk Assessment of Construction Project by Earned Value Approach”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 8, page no.a782-a788, August-2021, Available :http://www.jetir.org/papers/JETIR2108103.pdf

"“Risk Assessment of Construction Project by Earned Value Approach”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 8, page no. ppa782-a788, August-2021, Available at : http://www.jetir.org/papers/JETIR2108103.pdf