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International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1649
Qualitative Risk Analysis for Construction Projects
Jameelahammad Nadaf1, Mahaboobali Nadaf2, Balasaheb Jamadar3, K. P. Thejaswi4
1 Student, Final year, M.Tech in Construction Technology, Civil Dept., Jain College of Engg., Belagavi-PIN-590014
2,3Assistant Professor, Civil Dept., Jain College of Engg, Machee, Belagavi, Karnataka-PIN-590014
4 Assistant Professor, Civil Dept., KLS Gogte Institute of technology, Belagavi, Karnataka–PIN-590001
---------------------------------------------------------------------***---------------------------------------------------------------------
Abstract - Risk is present everywhere, every area of life. In
construction industry risk is always present. The purpose of
current work is to study of various risks in construction
projects, their importance and impactontheprojectgoals and
plan for the risk analysis. Here, effort is made to recognizeand
identification of risk in construction projects. In this study, the
qualitative risk analysis methods are used to collect data,
analyze data and reporting on outcomes. The methodology
selected for risk management is, distributing questionnaire
survey to the various contractors and clients, consultants of
the project. Qualitative risk analysis is used for data analysis
and matrix for probability-impact, impact-urgency,
probability-urgency and priority-urgencyareplottedand high
risks were marked, and graphs are plotted for high risks.
Key Words: Qualitative risk analysis, Matrix, construction
risks.
1. INTRODUCTION
1.1 BACKGROUND
Risk management is an idea which is been utilized in every
industries, it might be IT related enormous business,
pharmaceutical business or automobile industry to the
construction division. For each organization there will be
fixed fundamentals set for risk tackling as per which they
work. This shows a solidconnectionbetweenprojectsuccess
and managing risk. Risk management can be quickly
characterized as a field of hierarchical goings-on and
professional practice. Risk management is taken as one of
the toughest part of the construction process and its
application must be empowered in every one of the project
to avoid negative results in the project.
In the era of progressive globalization it is hardtoavoidrisk,
which has become an indispensable part of everyday life.
Effective risk management does not mean the removal of
risk, which would be the seemingly be the cheapest option.
From economic point of view this is pointless because what
is potentially profitable is by definition risky and activity
that does not pose a risk economically interesting, and thus,
doesn’t bring tangible benefits.
1.2 SIGNIFICANCE AND PURPOSE OF THE RESEARCH
The enormity of construction sector has associated
possibility of various environmental, socio-political, and
other unanticipated problems which will cause huge loss to
the industry. Therefore, well-organized management of
project is required by using all the methods of project
management which involves project risk management as an
important constituent, through the several stages of the
project, in order to manage the risks and reduce the cost
overruns, time overruns, and quality and safety issues. It
provide practical tools for handling and also reducing the
risk identified, before and during the project, in a planned or
organized way, so that any possible threat to the liberation
of outputs i.e. resources, cost, time, quality,andrealizationof
benefits or profits by owner, is suitably managed, to enable
that the project is finished successfully.
1.3 OBJECTIVE OF THE STUDY
By investigating the real circumstances in construction
business the following objectives of the study are listed.
1 To identify various risks those are uncertaintooccurin
the construction project.
2 Categorizing the risks depending on the probability,
impact, urgency, priorityand thencategorizethe risk as
high, moderate, and low.
3 Qualitative risk analysis carried for theidentificationof
high risks.
1.4 SCOPE AND LIMITATION OF THE RESEARCH
The risks can be recognized by questionnaire survey. The
risks are identified and then it is evaluated by various
technique like qualitative analysis to knowtheprobabilityof
occurrence of risk and impact of these risk on project goals.
2. LITRATURE REWIEW
2.1 GENERAL
The following are the past research survey based on the
identification of construction risks at every stage.
Pawel szymanski [1]. This paper helps in identification and
classification of the risks. The author concluded, risk is
present everywhere and every area of life in one such is
construction industry where the risk always present. The
author did the analysis on part or in detail, including escorts
and even stake holders by doing this we can effectively
manage the risk coming in future and can be translated into
clear benefits to project. The author first is identify the risk
in the very main stage and determining which type of risk,
how it is affecting to the project, and characteristics of risk
and estimating possibility of its incidence to project. This
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1650
paper reviews different type of risks present in stages of
construction.
Agnieszka Dziadoz, Mariusz Rejment [2]. This paperdefines,
the risk cannot be measured and it is measurable part of
uncertainty, which we are able to identify some of
occurrences of probability and size of injury or loss. This
paper presents three types of risk analysis. They are
methods, and advantages, disadvantages, others and
selection of project (pre-estimation). These methods are
different from each other. The author started using some
qualitative variables. This method depends on decision
maker and also it is simple and easy to use. The regions of
use and logical limit of the recorded strategies are shown
with the short cases, at the same time illustrating their
attributes from the examination. The assessment issues,
which are the canvas of operation of the examined
techniques are not commonly interrelated. They author
display various parts of variations of the investment
procedure.
3. RESEARCH METHODOLOGY
3.1 GENERAL
The purpose of current work is to study various risk in
construction projects, their importance and impact on the
project goals and identificationofhighrisksusing qualitative
risk analysis. Here, an effort is made to recognize and
evaluate risk in construction projects.
3.2 RESEARCH STAGES
The methodology selected for risk management is
distributing questionnaire survey to the variouscontractors
and clients, consultant of the project. Qualitative risk
analysis is used for data analysis.
This investigate, passed through the following stages in
figure:
Fig. 3.1 Methodology adopted for project
3.2.1 Objective and scope of project
The study is carried with the following objectives:
 Classify the risks and get ratings for probabilityand
impact and urgency for each risk.
 Make risk matrices to find high, moderate, and low
risks.
3.2.3 Review of literature/Risk identification
Risk identification is a repetitive process because as the
project progresses new risk develop through the project life
cycle. The risk valuation format should be continuous to
allow the comparison between theeffectsofone risk evenon
the other. The identification process in the organization
includes the project team members. For the purpose, the
several risk arising in the construction process from the
formulation, mobilization and construction stage are
categorized and listed.
3.2.4 Design of questionnaire
The information collection process utilized in this
investigate, had the choice of two essential strategies:
questionnaires and individual discussions. As the result of
pilot overview, there are types of risks which influence the
risk occurs in construction, types are listed below:
1. Technical risks
2. Financial risks
3. Logistics and construction risks
4. Management risks
5. Socio political risk
6. Environmental risks
3.2.5 Survey and data collection
To successfully accomplish the objective of the study, one of
the best vital stage is collection ofaccurateinformation. Data
collection is a method of collecting important information
records for a certain test or populace of observations. About
seventeen questionnaires were sent to the construction
industry by mail and interviews were conducted among
construction personnel specifically consultant, client,
engineer, contractor, architect and labor.
3.2.6 Qualitative Risk Analysis
Qualitative risk analysis involves evaluating the probability
and impact of the various risks and listing the risks so as to
improve the performance of the project by making the risks
with high priority. The valuation of the priority identified
risks is done on basis of likelihood or probability of
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1651
occurrence of risks, the corresponding impact of the risks if
it happens and as well as urgency of risk response.
The qualitative risk analysis is carried out be making
following matrices:
i) Probability – Impact matrix: It helps in the assessment
of each risk’s priority for consideration and importance.
The ratings for probability and impact are given below:
Probability 1-5
High - From 4-5 occurrence of probability
Medium - 3 occurrence of probability
Low - Between 1-2 occurrences of probability
Impact 1-5
High - Risk occurrence thathasthepossibletogreatlyimpact
on the project schedule, performance, time and cost. The
work of an activity cannot be continued and it will stopped.
The progress of the work is delayed due to this risk.
Medium - The occurrence of risk that will slightly impact on
project goals. The work will be continued at this stage.
Low - occurrence of risk will have a low impact on the goals
of the project.
ii) Impact – urgency matrix: It lists the risks, whichrequire
a near-term response or the risk that have to be addressed
instantly.
Urgency 1-5
High - occurrence of risk that has to be addressed
immediately/quickly.
Medium - occurrence of risk that has time to proceed the
actions.
Low - occurrence of risk has low urgency.
3.2.7Conclusions
After positioning, conclusionscanbemadeaboutriskswhich
influence most and impact on project goals.
4. RESULTS AND DISCUSSIONS
The questionnaire survey done on fourteen construction
companies and their average results are shown below:
In the table,
 P - Probability
 I - Impact
 U - Urgency
 PR – Priority
TECHNICAL RISKS
FINANCIAL RISKS
SL.No. RISKS P I U PR
1 Investment on
projects
F1 2 2 3 3
2 Availability and
undulation inforeign
exchange
F2
3 Delays in worker
wages
F3 3 4 4 4
4 Increase in cost of
materials
F4 3 4 3 4
5 Releasing of funds F5 2 2 3 3
6 Import procedures F6 2 2 2 3
SL.No. RISKS P I U PR
1 Type of contract T1 2 2 2 3
2 Project preliminary
plan
T2 3 4 4 4
3 Delays occurs in
design and drawings
than expected
T3 3 4 4 4
4 Managing resources T4 4 4 4 4
5 Inadequate
investigation on site
T5 3 4 4 3
6 Unknownproductivity
of resources
T6 3 4 4 4
7 Changes in project
scope and
requirement
T7 2 3 3 3
8 Design errors and
faults
T8 3 4 4 4
9 Subcontractors T9 2 2 2 2
10 Insufficient contractor
experience
T10 2 2 2 3
11 Failure to carry work
as per planning,
scheduling
T11 2 3 3 3
12 Improper scheduling
and delay of contactor
T12 3 4 4 3
13 Controlling and
monitoring and
execution
T13 2 3 3 3
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1652
LOGISTICS AND CONSTRUCTION RISKS
SL.No RISKS P I U PR
1 Non availability of
transportation
services
L1 2 3 2 2
2 Difficulties in
disposing plant and
equipment’s
L2 2 2 2 2
3 Unfamiliarity with
local bodies
C1 2 2 3 2
4 Demands on use of
local firms andagents
C2 2 2 2 2
5 Technologies C3 2 3 3 3
6 Absence ofprotection
on construction site
C4 3 4 4 3
MANAGEMENT RISKS
SL.No RISKS P I U PR
1 Company relation
problems
M1 1 1 2 2
2 Inadequate assigning
works
M2 2 2 2 3
3 Unsatisfactoryskilled
staff
M3 2 2 2 3
4 Uncertainty about
relationship between
project employees
M4 2 2 2 2
5 Clashes between
project group
M5 1 2 2 2
6 Resource allocation M6 2 2 3 3
SOCIO POLITICAL RISKS
SL.NO. RISKS P I U PR
1 Before tendering P1 2 2 2 2
2 Acceptance of
contract
P2 1 2 2 2
3 Public complaints P3 2 2 2 2
4 Finalization of
contract
P4 1 1 1 2
5 Resident tolls P5 1 2 2 2
6 Permissions,
clearance,
approvals
P6 3 4 4 3
ENVIRONMENTAL RISKS
SL.No RISKS P I U PR
1 Natural disasters E1
2 Weather and
seasonal
variations
E2 3 4 3 3
3 EIA reports E3
Fig.4.1: Questionnaire format and ratings.
Qualitative Risk Analysis: The qualitative risk analysis is
done for identified risks and it is done by taking average
values of Probability, Impact, Urgency andpriority,obtained
by the questionnaire survey. The following matrix consist
three main regions High, moderate/medium and Lowwhich
are identified through color codes. The blocks covered with
orange color represents high risks and blocks covered with
yellow represents moderate risks and the block covered
with green represents low risks.
Probability – impact matrix:
The above matrix shows probability occurrence and impact
of the risks. from the above matrix it foundthatthefollowing
risks have High Probability and Impact
T2,T3,T4,T5,T6,T8,T12,F3,F4,C4,P6,E2.
Impact-Urgency matrix
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1653
The above matrix it’s found that
T2,T3,T4,T5,T6,T8,T12,F4,F3,C4,P6 and E2 which have high
Impact and Urgency.
Probability – Urgency matrix:
The risks T2,T3,T4,T5,T6,T8,T12,F3,C4,P6 which have high
occurrence of Probability and Urgency .
Priority – Urgency Matrix:
The above priority urgency matrix which shows that risks
T2,T3,T4,T6,T8,F3,F4,C4,P6 which needs immediate
response.
5. Conclusion:
The methods to classify project risks, that have been
particularized for construction projects, have been
presented from various point of view(from contractors,
consultants, and government contractors) and construction
companies and firms thatmaybehelpingthedevelopmentof
dealing with project in the planning and constructionstages.
Matrix for probability-impact, impact-urgency, probability-
urgency and priority-urgency plotted and high risks were
marked. A brief mitigation plans for avoiding and resolving
of the risks are prepared. The project has studied various
factors related to risks and some of outcomes are listed
below:
 The risks management process starts prior to project
itself.
 Record of all the risk occurred and occurring, occurs in
future should be maintained.
 Every organization big or small should be adopt risk
management practices to reduce effectofrisksarisingin
the project and its impact to reach the project goals.
 There must be proper coordination between every
distinct involved with project to implement better risk
management practices.
 Every organization big or small should be adopt risk
management practices to reduce effectofrisksarisingin
the project and its impact to reach the project goals.
 Clear understanding of the project scope explaining of
the complete outcome of project.
From the results, it is safe to say that majority of the
construction projects have no systematic procedureinplace
to deal with risks. Risk management is done in a very
informal mode.
All the risks were recorded and ratings were given for their
probability of occurrence, its impact on the project and
urgency of resolving particular risk.
REFERENCES:
[1] Pawel szymanski “Risk management in construction
projects” EURO working group Operational Research in
Sustainable Development and Civil Engineering24May-2nd
International Workshop on flexibility in sustainable
construction, ORSDCE 2017, 24-26 April, PP 174-182.
[2] Agnieszka Dziadoz, Mariusz Rejment “Risk analysis in
construction projects-chosenmethod”, operational research
in sustainable development and civil engineering – meeting
of euro working group and 15th German-Lithunain-polish
colloquium(ORSDE2015), PP 258-265.
[3] Pattel Ankit Mahendra Et.Cl “Risk analysisinconstruction
projects - chosen methods”, Internet source.
BIOGRAPHIES
Jameelahammad Nadaf
Student, Final year, M.Tech in
Construction Technology, Civil
Dept., Jain College of Engg.,
Belagavi-PIN-590014
1’st
Author
Photo
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1654
Mahaboobali Nadaf
Assistant Professor, Civil Dept.,
Jain College of Engg., Machee,
Belagavi, Karnataka-PIN-590014
Balasaheb Jamadar
Assistant Professor, Civil Dept.,
Jain College of Engg., Machee,
Belagavi, Karnataka-PIN-590014
K. P. Thejaswi
Assistant Professor, Civil Dept.,
KLS Gogte Institute of technology
Belagavi, Karnataka – PIN-590001
2nd
Author
Photo
4th
Author
Photo
3rd
Author
Photo

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IRJET-Qualitative Risk Analysis for Construction Projects

  • 1. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1649 Qualitative Risk Analysis for Construction Projects Jameelahammad Nadaf1, Mahaboobali Nadaf2, Balasaheb Jamadar3, K. P. Thejaswi4 1 Student, Final year, M.Tech in Construction Technology, Civil Dept., Jain College of Engg., Belagavi-PIN-590014 2,3Assistant Professor, Civil Dept., Jain College of Engg, Machee, Belagavi, Karnataka-PIN-590014 4 Assistant Professor, Civil Dept., KLS Gogte Institute of technology, Belagavi, Karnataka–PIN-590001 ---------------------------------------------------------------------***--------------------------------------------------------------------- Abstract - Risk is present everywhere, every area of life. In construction industry risk is always present. The purpose of current work is to study of various risks in construction projects, their importance and impactontheprojectgoals and plan for the risk analysis. Here, effort is made to recognizeand identification of risk in construction projects. In this study, the qualitative risk analysis methods are used to collect data, analyze data and reporting on outcomes. The methodology selected for risk management is, distributing questionnaire survey to the various contractors and clients, consultants of the project. Qualitative risk analysis is used for data analysis and matrix for probability-impact, impact-urgency, probability-urgency and priority-urgencyareplottedand high risks were marked, and graphs are plotted for high risks. Key Words: Qualitative risk analysis, Matrix, construction risks. 1. INTRODUCTION 1.1 BACKGROUND Risk management is an idea which is been utilized in every industries, it might be IT related enormous business, pharmaceutical business or automobile industry to the construction division. For each organization there will be fixed fundamentals set for risk tackling as per which they work. This shows a solidconnectionbetweenprojectsuccess and managing risk. Risk management can be quickly characterized as a field of hierarchical goings-on and professional practice. Risk management is taken as one of the toughest part of the construction process and its application must be empowered in every one of the project to avoid negative results in the project. In the era of progressive globalization it is hardtoavoidrisk, which has become an indispensable part of everyday life. Effective risk management does not mean the removal of risk, which would be the seemingly be the cheapest option. From economic point of view this is pointless because what is potentially profitable is by definition risky and activity that does not pose a risk economically interesting, and thus, doesn’t bring tangible benefits. 1.2 SIGNIFICANCE AND PURPOSE OF THE RESEARCH The enormity of construction sector has associated possibility of various environmental, socio-political, and other unanticipated problems which will cause huge loss to the industry. Therefore, well-organized management of project is required by using all the methods of project management which involves project risk management as an important constituent, through the several stages of the project, in order to manage the risks and reduce the cost overruns, time overruns, and quality and safety issues. It provide practical tools for handling and also reducing the risk identified, before and during the project, in a planned or organized way, so that any possible threat to the liberation of outputs i.e. resources, cost, time, quality,andrealizationof benefits or profits by owner, is suitably managed, to enable that the project is finished successfully. 1.3 OBJECTIVE OF THE STUDY By investigating the real circumstances in construction business the following objectives of the study are listed. 1 To identify various risks those are uncertaintooccurin the construction project. 2 Categorizing the risks depending on the probability, impact, urgency, priorityand thencategorizethe risk as high, moderate, and low. 3 Qualitative risk analysis carried for theidentificationof high risks. 1.4 SCOPE AND LIMITATION OF THE RESEARCH The risks can be recognized by questionnaire survey. The risks are identified and then it is evaluated by various technique like qualitative analysis to knowtheprobabilityof occurrence of risk and impact of these risk on project goals. 2. LITRATURE REWIEW 2.1 GENERAL The following are the past research survey based on the identification of construction risks at every stage. Pawel szymanski [1]. This paper helps in identification and classification of the risks. The author concluded, risk is present everywhere and every area of life in one such is construction industry where the risk always present. The author did the analysis on part or in detail, including escorts and even stake holders by doing this we can effectively manage the risk coming in future and can be translated into clear benefits to project. The author first is identify the risk in the very main stage and determining which type of risk, how it is affecting to the project, and characteristics of risk and estimating possibility of its incidence to project. This
  • 2. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1650 paper reviews different type of risks present in stages of construction. Agnieszka Dziadoz, Mariusz Rejment [2]. This paperdefines, the risk cannot be measured and it is measurable part of uncertainty, which we are able to identify some of occurrences of probability and size of injury or loss. This paper presents three types of risk analysis. They are methods, and advantages, disadvantages, others and selection of project (pre-estimation). These methods are different from each other. The author started using some qualitative variables. This method depends on decision maker and also it is simple and easy to use. The regions of use and logical limit of the recorded strategies are shown with the short cases, at the same time illustrating their attributes from the examination. The assessment issues, which are the canvas of operation of the examined techniques are not commonly interrelated. They author display various parts of variations of the investment procedure. 3. RESEARCH METHODOLOGY 3.1 GENERAL The purpose of current work is to study various risk in construction projects, their importance and impact on the project goals and identificationofhighrisksusing qualitative risk analysis. Here, an effort is made to recognize and evaluate risk in construction projects. 3.2 RESEARCH STAGES The methodology selected for risk management is distributing questionnaire survey to the variouscontractors and clients, consultant of the project. Qualitative risk analysis is used for data analysis. This investigate, passed through the following stages in figure: Fig. 3.1 Methodology adopted for project 3.2.1 Objective and scope of project The study is carried with the following objectives:  Classify the risks and get ratings for probabilityand impact and urgency for each risk.  Make risk matrices to find high, moderate, and low risks. 3.2.3 Review of literature/Risk identification Risk identification is a repetitive process because as the project progresses new risk develop through the project life cycle. The risk valuation format should be continuous to allow the comparison between theeffectsofone risk evenon the other. The identification process in the organization includes the project team members. For the purpose, the several risk arising in the construction process from the formulation, mobilization and construction stage are categorized and listed. 3.2.4 Design of questionnaire The information collection process utilized in this investigate, had the choice of two essential strategies: questionnaires and individual discussions. As the result of pilot overview, there are types of risks which influence the risk occurs in construction, types are listed below: 1. Technical risks 2. Financial risks 3. Logistics and construction risks 4. Management risks 5. Socio political risk 6. Environmental risks 3.2.5 Survey and data collection To successfully accomplish the objective of the study, one of the best vital stage is collection ofaccurateinformation. Data collection is a method of collecting important information records for a certain test or populace of observations. About seventeen questionnaires were sent to the construction industry by mail and interviews were conducted among construction personnel specifically consultant, client, engineer, contractor, architect and labor. 3.2.6 Qualitative Risk Analysis Qualitative risk analysis involves evaluating the probability and impact of the various risks and listing the risks so as to improve the performance of the project by making the risks with high priority. The valuation of the priority identified risks is done on basis of likelihood or probability of
  • 3. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1651 occurrence of risks, the corresponding impact of the risks if it happens and as well as urgency of risk response. The qualitative risk analysis is carried out be making following matrices: i) Probability – Impact matrix: It helps in the assessment of each risk’s priority for consideration and importance. The ratings for probability and impact are given below: Probability 1-5 High - From 4-5 occurrence of probability Medium - 3 occurrence of probability Low - Between 1-2 occurrences of probability Impact 1-5 High - Risk occurrence thathasthepossibletogreatlyimpact on the project schedule, performance, time and cost. The work of an activity cannot be continued and it will stopped. The progress of the work is delayed due to this risk. Medium - The occurrence of risk that will slightly impact on project goals. The work will be continued at this stage. Low - occurrence of risk will have a low impact on the goals of the project. ii) Impact – urgency matrix: It lists the risks, whichrequire a near-term response or the risk that have to be addressed instantly. Urgency 1-5 High - occurrence of risk that has to be addressed immediately/quickly. Medium - occurrence of risk that has time to proceed the actions. Low - occurrence of risk has low urgency. 3.2.7Conclusions After positioning, conclusionscanbemadeaboutriskswhich influence most and impact on project goals. 4. RESULTS AND DISCUSSIONS The questionnaire survey done on fourteen construction companies and their average results are shown below: In the table,  P - Probability  I - Impact  U - Urgency  PR – Priority TECHNICAL RISKS FINANCIAL RISKS SL.No. RISKS P I U PR 1 Investment on projects F1 2 2 3 3 2 Availability and undulation inforeign exchange F2 3 Delays in worker wages F3 3 4 4 4 4 Increase in cost of materials F4 3 4 3 4 5 Releasing of funds F5 2 2 3 3 6 Import procedures F6 2 2 2 3 SL.No. RISKS P I U PR 1 Type of contract T1 2 2 2 3 2 Project preliminary plan T2 3 4 4 4 3 Delays occurs in design and drawings than expected T3 3 4 4 4 4 Managing resources T4 4 4 4 4 5 Inadequate investigation on site T5 3 4 4 3 6 Unknownproductivity of resources T6 3 4 4 4 7 Changes in project scope and requirement T7 2 3 3 3 8 Design errors and faults T8 3 4 4 4 9 Subcontractors T9 2 2 2 2 10 Insufficient contractor experience T10 2 2 2 3 11 Failure to carry work as per planning, scheduling T11 2 3 3 3 12 Improper scheduling and delay of contactor T12 3 4 4 3 13 Controlling and monitoring and execution T13 2 3 3 3
  • 4. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1652 LOGISTICS AND CONSTRUCTION RISKS SL.No RISKS P I U PR 1 Non availability of transportation services L1 2 3 2 2 2 Difficulties in disposing plant and equipment’s L2 2 2 2 2 3 Unfamiliarity with local bodies C1 2 2 3 2 4 Demands on use of local firms andagents C2 2 2 2 2 5 Technologies C3 2 3 3 3 6 Absence ofprotection on construction site C4 3 4 4 3 MANAGEMENT RISKS SL.No RISKS P I U PR 1 Company relation problems M1 1 1 2 2 2 Inadequate assigning works M2 2 2 2 3 3 Unsatisfactoryskilled staff M3 2 2 2 3 4 Uncertainty about relationship between project employees M4 2 2 2 2 5 Clashes between project group M5 1 2 2 2 6 Resource allocation M6 2 2 3 3 SOCIO POLITICAL RISKS SL.NO. RISKS P I U PR 1 Before tendering P1 2 2 2 2 2 Acceptance of contract P2 1 2 2 2 3 Public complaints P3 2 2 2 2 4 Finalization of contract P4 1 1 1 2 5 Resident tolls P5 1 2 2 2 6 Permissions, clearance, approvals P6 3 4 4 3 ENVIRONMENTAL RISKS SL.No RISKS P I U PR 1 Natural disasters E1 2 Weather and seasonal variations E2 3 4 3 3 3 EIA reports E3 Fig.4.1: Questionnaire format and ratings. Qualitative Risk Analysis: The qualitative risk analysis is done for identified risks and it is done by taking average values of Probability, Impact, Urgency andpriority,obtained by the questionnaire survey. The following matrix consist three main regions High, moderate/medium and Lowwhich are identified through color codes. The blocks covered with orange color represents high risks and blocks covered with yellow represents moderate risks and the block covered with green represents low risks. Probability – impact matrix: The above matrix shows probability occurrence and impact of the risks. from the above matrix it foundthatthefollowing risks have High Probability and Impact T2,T3,T4,T5,T6,T8,T12,F3,F4,C4,P6,E2. Impact-Urgency matrix
  • 5. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1653 The above matrix it’s found that T2,T3,T4,T5,T6,T8,T12,F4,F3,C4,P6 and E2 which have high Impact and Urgency. Probability – Urgency matrix: The risks T2,T3,T4,T5,T6,T8,T12,F3,C4,P6 which have high occurrence of Probability and Urgency . Priority – Urgency Matrix: The above priority urgency matrix which shows that risks T2,T3,T4,T6,T8,F3,F4,C4,P6 which needs immediate response. 5. Conclusion: The methods to classify project risks, that have been particularized for construction projects, have been presented from various point of view(from contractors, consultants, and government contractors) and construction companies and firms thatmaybehelpingthedevelopmentof dealing with project in the planning and constructionstages. Matrix for probability-impact, impact-urgency, probability- urgency and priority-urgency plotted and high risks were marked. A brief mitigation plans for avoiding and resolving of the risks are prepared. The project has studied various factors related to risks and some of outcomes are listed below:  The risks management process starts prior to project itself.  Record of all the risk occurred and occurring, occurs in future should be maintained.  Every organization big or small should be adopt risk management practices to reduce effectofrisksarisingin the project and its impact to reach the project goals.  There must be proper coordination between every distinct involved with project to implement better risk management practices.  Every organization big or small should be adopt risk management practices to reduce effectofrisksarisingin the project and its impact to reach the project goals.  Clear understanding of the project scope explaining of the complete outcome of project. From the results, it is safe to say that majority of the construction projects have no systematic procedureinplace to deal with risks. Risk management is done in a very informal mode. All the risks were recorded and ratings were given for their probability of occurrence, its impact on the project and urgency of resolving particular risk. REFERENCES: [1] Pawel szymanski “Risk management in construction projects” EURO working group Operational Research in Sustainable Development and Civil Engineering24May-2nd International Workshop on flexibility in sustainable construction, ORSDCE 2017, 24-26 April, PP 174-182. [2] Agnieszka Dziadoz, Mariusz Rejment “Risk analysis in construction projects-chosenmethod”, operational research in sustainable development and civil engineering – meeting of euro working group and 15th German-Lithunain-polish colloquium(ORSDE2015), PP 258-265. [3] Pattel Ankit Mahendra Et.Cl “Risk analysisinconstruction projects - chosen methods”, Internet source. BIOGRAPHIES Jameelahammad Nadaf Student, Final year, M.Tech in Construction Technology, Civil Dept., Jain College of Engg., Belagavi-PIN-590014 1’st Author Photo
  • 6. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 06 | June-2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1654 Mahaboobali Nadaf Assistant Professor, Civil Dept., Jain College of Engg., Machee, Belagavi, Karnataka-PIN-590014 Balasaheb Jamadar Assistant Professor, Civil Dept., Jain College of Engg., Machee, Belagavi, Karnataka-PIN-590014 K. P. Thejaswi Assistant Professor, Civil Dept., KLS Gogte Institute of technology Belagavi, Karnataka – PIN-590001 2nd Author Photo 4th Author Photo 3rd Author Photo