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Analyzing the application of the analytical hierarchy process in developing a robust risk management framework for construction projects in Egypt
Construction projects face many risks that can impact cost, schedule, and quality. To prioritize the most critical risks, a multi-criteria decision analysis method like the analytic hierarchy process (AHP) is useful. AHP provides a structured framework to evaluate risks across different criteria and determine their overall priority. This enables focusing risk management efforts on the highest impact risks to cost, time, and quality. Construction projects in Egypt face many risks that can impact cost, schedule, and quality. This research applied a multi-criteria decision analysis method called the analytic hierarchy process (AHP) to identify and prioritize high-impact risks for construction projects in Egypt. The study considered criteria such as cost, time, and quality when evaluating risk factors. Statistical modeling illustrated the process of investigating and identifying the risk factor with the most significant potential impact. The findings indicate that the lack of clear delegation of responsibilities for professionals to allocate activities is the most critical risk factor for construction projects in Egypt. And, effective risk management should focus on mitigating this risk to avoid negative impacts to project performance.
Analyzing the application of the analytical hierarchy process in developing a robust risk management framework for construction projects in Egypt
Construction projects face many risks that can impact cost, schedule, and quality. To prioritize the most critical risks, a multi-criteria decision analysis method like the analytic hierarchy process (AHP) is useful. AHP provides a structured framework to evaluate risks across different criteria and determine their overall priority. This enables focusing risk management efforts on the highest impact risks to cost, time, and quality. Construction projects in Egypt face many risks that can impact cost, schedule, and quality. This research applied a multi-criteria decision analysis method called the analytic hierarchy process (AHP) to identify and prioritize high-impact risks for construction projects in Egypt. The study considered criteria such as cost, time, and quality when evaluating risk factors. Statistical modeling illustrated the process of investigating and identifying the risk factor with the most significant potential impact. The findings indicate that the lack of clear delegation of responsibilities for professionals to allocate activities is the most critical risk factor for construction projects in Egypt. And, effective risk management should focus on mitigating this risk to avoid negative impacts to project performance.
Analyzing the application of the analytical hierarchy process in developing a robust risk management framework for construction projects in Egypt
Asian J Civ Eng
Gamal, Yasser A. S. (Autor:in) / Saber, Ahmed Moh. Ali (Autor:in)
Asian Journal of Civil Engineering ; 25 ; 3729-3745
01.06.2024
17 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Risk management framework for construction projects in developing countries
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|Risk management framework for construction projects in developing countries
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