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Impact of Risk Assessment in Project Execution and Its Mitigation Strategies Using Modern Automation
India’s construction industry grew by 5.6% in 2016–20, compared to 2.9% in 2011–2015. In the year 2017, of the 762 construction projects in India tracked by the Ministry of Statistics and Program Implementation, Government of India, a total of 215 projects have been delayed over a period of 1 to 261 months that surge estimated project cost. The various reasons for delay include practicing conventional planning strategies and execution. Indian construction industries, therefore, need smart tools to overcome any such challenges in the future. Building Information Modeling (BIM) is a smart 3D model-based process that provides insight and tools to architecture, engineering, and construction experts to design and build infrastructure more effectively. A case study on BIM vs manual cost estimation showed that quantities calculated by BIM/Revit Software are more accurate than manual. The earlier studies estimated that implementation of BIM reduces project costs by 20%. It will help improve the quality of work with proper planning and adhering to the project cost and duration. The study recommends that construction industry in India should adopt BIM/Revit tools to minimize delay in the projects to become cost-efficient in project completion.
Impact of Risk Assessment in Project Execution and Its Mitigation Strategies Using Modern Automation
India’s construction industry grew by 5.6% in 2016–20, compared to 2.9% in 2011–2015. In the year 2017, of the 762 construction projects in India tracked by the Ministry of Statistics and Program Implementation, Government of India, a total of 215 projects have been delayed over a period of 1 to 261 months that surge estimated project cost. The various reasons for delay include practicing conventional planning strategies and execution. Indian construction industries, therefore, need smart tools to overcome any such challenges in the future. Building Information Modeling (BIM) is a smart 3D model-based process that provides insight and tools to architecture, engineering, and construction experts to design and build infrastructure more effectively. A case study on BIM vs manual cost estimation showed that quantities calculated by BIM/Revit Software are more accurate than manual. The earlier studies estimated that implementation of BIM reduces project costs by 20%. It will help improve the quality of work with proper planning and adhering to the project cost and duration. The study recommends that construction industry in India should adopt BIM/Revit tools to minimize delay in the projects to become cost-efficient in project completion.
Impact of Risk Assessment in Project Execution and Its Mitigation Strategies Using Modern Automation
Lecture Notes in Civil Engineering
Loon, Lee Yee (editor) / Subramaniyan, Muthulingam (editor) / Gunasekaran, K. (editor) / Shendurkar, Praddyumna Shrikrishna (author) / Jain, Mayur Shirish (author) / Sudarsan, J. S. (author)
2022-01-19
11 pages
Article/Chapter (Book)
Electronic Resource
English