Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
ASSESSMENT FOR CONSTRUCTION RISK MANAGEMENT TRENDS
Currently, construction is one of the sectors leading the way towards modernization and industrialization in Ethiopia. Hence it is essential to apply the concept of management in every project in order to create healthy construction environment. Construction industry is exposed to wide array of risks, with complex and dynamic project environments creating an atmosphere of high uncertainty and risk, and it impacts on their performance towards achieving the desired objectives. Literature told that risk management in construction projects is full of deficiencies that affect its effectiveness as a project management function and in the end, projects’ performance. According to different literatures risk management in construction projects has been approached usually by using a reductionist approach (risk reduction) that produces poor results and limits the quality of project management. It shows that delays and cost overruns are the common negative effects of risk inherent to construction projects. The main objective of the study is to assess the risk management practices and to show how risks are managed through risk management tools for construction projects undertaken by local grade-one contractors. The study was used interviews and questionnaire rather than cases and other dusk studies to conduct the study. All analyses are through qualitative and quantitative way based on theoretical and practical backgrounds regarding risk, risk management process, principles and techniques; and a model (Primavera Risk Analysis) was used for the case sample construction project schedules. Therefore, the study concludes that construction risks are not managed by applying risk management principles and techniques, and through the applicability of risk management tools/models. In addition the study shows, project schedules doesn’t show when the project completes and how much it consumes. Whereas applying formal risk management principles and techniques in construction projects and managing risks through the applicability of risk management models/tools are recognized as a very important risk management system in order to achieve the project objectives to overcome cost overruns and uncertain delays in project completion.
ASSESSMENT FOR CONSTRUCTION RISK MANAGEMENT TRENDS
Currently, construction is one of the sectors leading the way towards modernization and industrialization in Ethiopia. Hence it is essential to apply the concept of management in every project in order to create healthy construction environment. Construction industry is exposed to wide array of risks, with complex and dynamic project environments creating an atmosphere of high uncertainty and risk, and it impacts on their performance towards achieving the desired objectives. Literature told that risk management in construction projects is full of deficiencies that affect its effectiveness as a project management function and in the end, projects’ performance. According to different literatures risk management in construction projects has been approached usually by using a reductionist approach (risk reduction) that produces poor results and limits the quality of project management. It shows that delays and cost overruns are the common negative effects of risk inherent to construction projects. The main objective of the study is to assess the risk management practices and to show how risks are managed through risk management tools for construction projects undertaken by local grade-one contractors. The study was used interviews and questionnaire rather than cases and other dusk studies to conduct the study. All analyses are through qualitative and quantitative way based on theoretical and practical backgrounds regarding risk, risk management process, principles and techniques; and a model (Primavera Risk Analysis) was used for the case sample construction project schedules. Therefore, the study concludes that construction risks are not managed by applying risk management principles and techniques, and through the applicability of risk management tools/models. In addition the study shows, project schedules doesn’t show when the project completes and how much it consumes. Whereas applying formal risk management principles and techniques in construction projects and managing risks through the applicability of risk management models/tools are recognized as a very important risk management system in order to achieve the project objectives to overcome cost overruns and uncertain delays in project completion.
ASSESSMENT FOR CONSTRUCTION RISK MANAGEMENT TRENDS
HABTAMU ESKEZIA ALEMAYEHU (Autor:in) / Messay Daniel (PHD (Autor:in)
01.01.2018
doi:10.20372/nadre:1550929789.45
Hochschulschrift
Elektronische Ressource
Englisch
DDC:
690
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