Published Paper Details:

Risk is present in every construction project and each construction project is unique. The risk factors influencing the projects are also different. If these risk factors are not addressed properly at planning stage, it can adversely affect the project performance. In this study, various risk factors were identified and classified according to their nature. Data related to risk measurement was collected through the questionnaire survey and by meeting personnel working in the construction industry. The risk factors were rated for the likelihood of their occurrence and impact was recorded for the projects under case study. These ratings were analyzed using SPSS software and possible correlations were developed for the critical factors. Findings of this study will help the parties associated with the project management to determine the risk correlations at start of the project to minimize risk through effective planning for the successful completion of the project.