All of themost challenging construction projects worldwide involve a variety of complex processes working simultaneously. Managing these processes can be quite a challenge for the management. A big part of meeting these challenges is mitigating the RISKS involved. Risk management includes identifying risks, assessing risks either quantitatively or qualitatively, choosing the appropriate method for handling risks, and then monitoring and documenting risks. This study identifies the procedures for risk identification, management and its perception from the Indian construction industry players. Time and cost management need to be fully integrated with the identification process. Time constraints and project managers with sufficient experience are critical when identifying the level of risk for large and/or complex projects.The aim of this study is to advocate for a method of risk mitigation which includes a well-documented procedure which serves as a one stop-solution to all the risks that would emanate in the future.
| Published in | American Journal of Civil Engineering (Volume 1, Issue 2) |
| DOI | 10.11648/j.ajce.20130102.13 |
| Page(s) | 64-67 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2013. Published by Science Publishing Group |
Risk Assessment, Risk Management, Risk Identification, Construction Projects, India
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APA Style
Kinnaresh Patel. (2013). A Study on Risk Assessment and its Management in India. American Journal of Civil Engineering, 1(2), 64-67. https://doi.org/10.11648/j.ajce.20130102.13
ACS Style
Kinnaresh Patel. A Study on Risk Assessment and its Management in India. Am. J. Civ. Eng. 2013, 1(2), 64-67. doi: 10.11648/j.ajce.20130102.13
AMA Style
Kinnaresh Patel. A Study on Risk Assessment and its Management in India. Am J Civ Eng. 2013;1(2):64-67. doi: 10.11648/j.ajce.20130102.13
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Download@article{10.11648/j.ajce.20130102.13,
author = {Kinnaresh Patel},
title = {A Study on Risk Assessment and its Management in India},
journal = {American Journal of Civil Engineering},
volume = {1},
number = {2},
pages = {64-67},
doi = {10.11648/j.ajce.20130102.13},
url = {https://doi.org/10.11648/j.ajce.20130102.13},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajce.20130102.13},
abstract = {All of themost challenging construction projects worldwide involve a variety of complex processes working simultaneously. Managing these processes can be quite a challenge for the management. A big part of meeting these challenges is mitigating the RISKS involved. Risk management includes identifying risks, assessing risks either quantitatively or qualitatively, choosing the appropriate method for handling risks, and then monitoring and documenting risks. This study identifies the procedures for risk identification, management and its perception from the Indian construction industry players. Time and cost management need to be fully integrated with the identification process. Time constraints and project managers with sufficient experience are critical when identifying the level of risk for large and/or complex projects.The aim of this study is to advocate for a method of risk mitigation which includes a well-documented procedure which serves as a one stop-solution to all the risks that would emanate in the future.},
year = {2013}
}
TY - JOUR T1 - A Study on Risk Assessment and its Management in India AU - Kinnaresh Patel Y1 - 2013/08/30 PY - 2013 N1 - https://doi.org/10.11648/j.ajce.20130102.13 DO - 10.11648/j.ajce.20130102.13 T2 - American Journal of Civil Engineering JF - American Journal of Civil Engineering JO - American Journal of Civil Engineering SP - 64 EP - 67 PB - Science Publishing Group SN - 2330-8737 UR - https://doi.org/10.11648/j.ajce.20130102.13 AB - All of themost challenging construction projects worldwide involve a variety of complex processes working simultaneously. Managing these processes can be quite a challenge for the management. A big part of meeting these challenges is mitigating the RISKS involved. Risk management includes identifying risks, assessing risks either quantitatively or qualitatively, choosing the appropriate method for handling risks, and then monitoring and documenting risks. This study identifies the procedures for risk identification, management and its perception from the Indian construction industry players. Time and cost management need to be fully integrated with the identification process. Time constraints and project managers with sufficient experience are critical when identifying the level of risk for large and/or complex projects.The aim of this study is to advocate for a method of risk mitigation which includes a well-documented procedure which serves as a one stop-solution to all the risks that would emanate in the future. VL - 1 IS - 2 ER -
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