• Siddhant Mehta
• Keyush Shah
• Amit Mishra
• Sahil Mehta
• Anuj Pawar

Modern construction projects being complex and unique are prone to risks. Risks are uncertain events that occur throughout the life cycle of the project. It has either a positive or a negative impact on the objectives of the project, where positive risks are known as opportunities and negative risks as threats. In order to mobilize these opportunities and threats, Risk Management is necessary. A new set of theory, called as Fuzzy theory, fuels the process of risk management. It not only helps to deal with in-accurate data but also explains the methodology to arrive at conclusions. By implementing the use of Fuzzy theory, the risk assessment of an on-going residential building project is illustrated. By providing a systematic fuzzy model approach, the expert judgement values are converted into accurate values. This paper aims at the use of fuzzy logic model in the construction industry and also shows the advantages of using this method over the conventional risk assessment method.

Risk Assessment, Fuzzy Logic, Construction, Decision making, Uncertainty, Management

"RISK ASSESSMENT OF A RESIDENTIAL COMPLEX USING FUZZY LOGIC APPROACH", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.21-27, March-2019, Available :http://www.jetir.org/papers/JETIRAV06005.pdf

"RISK ASSESSMENT OF A RESIDENTIAL COMPLEX USING FUZZY LOGIC APPROACH", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp21-27, March-2019, Available at : http://www.jetir.org/papers/JETIRAV06005.pdf