This document summarizes a research paper that analyzed risk management for construction projects in Libya. It identified the main risks faced by construction projects through questionnaires distributed to construction companies. The top risks identified were lack of company ability to implement projects, delays in payment, political factors, lack of security, design errors, and permitting issues. The document then proposed a model to evaluate companies before contracting to ensure they have the financial, technical, and experience capabilities to successfully complete projects. A questionnaire was developed listing evaluation criteria in 7 categories: financial situation, resources, experience, technical abilities, personnel, planning, and safety. The results showed financial situation was the most important evaluation factor according to the companies surveyed. The proposed evaluation model aimed to improve project success
International Journal of Engineering Research and DevelopmentIJERD Editor
Electrical, Electronics and Computer Engineering,
Information Engineering and Technology,
Mechanical, Industrial and Manufacturing Engineering,
Automation and Mechatronics Engineering,
Material and Chemical Engineering,
Civil and Architecture Engineering,
Biotechnology and Bio Engineering,
Environmental Engineering,
Petroleum and Mining Engineering,
Marine and Agriculture engineering,
Aerospace Engineering.
Reasons for Delaying the Constriction Projects in IraqDr. Amarjeet Singh
This article dealt with construction projects in Iraq, and the research focused on the risks that may affect these projects. The purpose of this study is to determine the risks that construction projects are exposed to in Iraq and the methods of dealing in order to reduce these risks. Sometimes, if the construction projects are similar to each other in terms of configuration, requirements and purpose, then changing the project site is very sufficient to make these projects differ from each other and thus may be exposed to different risks. These are risks that negatively affect the implementation of these projects and may lead to delay or increase in their cost. Here a questionnaire is designed to collect data to identify risks that may occur during the construction project phases. This questionnaire was distributed electronically to several samples in the public and private sectors within state institutions in Iraq. After completion, the risks that these projects may be exposed to were identified. This was done with engineers and managers of companies and projects working in the public, private and joint sectors, and then these risks were analyzed by the Social Sciences for Packet Statistical Test program(SPSS).
EFFECTIVE RISK MANAGEMENT IN CONSTRUCTION PROJECTSvivatechijri
Risk management can be directly related to the successful project completion as it is very much
essential. Project management literature describes a detailed and widely accepted risk management process,
which is constructed basically from four iterative phases: risk identification, risk estimation, risk response
planning and execution, often managing the risk management process is included. Construction project planning is
an essential element in the management and execution of construction projects which involves the definition of
work tasks and their interactions as well as the assessment of required resource sand expected activity durations.
The study, therefore, examined the awareness of professionals in construction industry of the various types of
planning techniques and tools used on construction sites, Questionnaires were administered on selected building
professionals (Project Managers, Engineers, Architects), and Contractors and Sub-contractors directly involved
in construction work on sites in planning and the use of planning tools and techniques as major tools for successful
project execution
The success rate of real estate project is
decreasing as there is large scale of project and participation of
entities. It is necessary to study the risk factors involved in the
project. This paper focused on types of risks involved in the
project, risk factors, risk management tools & techniques.
Identification of risk of the project in terms of the total cost of the
project has been divided under Technical, Financial, Sociopolitical
and Statutory cost centers. Large real estate projects
have to tackle the following issues: land acquisition, skilledlabour
shortage, non-availability of skilled project managers, and
mechanization of the construction process to cater to the growing
demands. Non- availability of supporting infrastructure, political
issues like instability of the government leading to regulatory
issues, social issues, marketing forms an important part in these
projects as this is a onetime investment and the purchase cycle is
long , long development period makes the same project be at
different points in the real estate value cycle.
International Journal of Engineering Research and DevelopmentIJERD Editor
Electrical, Electronics and Computer Engineering,
Information Engineering and Technology,
Mechanical, Industrial and Manufacturing Engineering,
Automation and Mechatronics Engineering,
Material and Chemical Engineering,
Civil and Architecture Engineering,
Biotechnology and Bio Engineering,
Environmental Engineering,
Petroleum and Mining Engineering,
Marine and Agriculture engineering,
Aerospace Engineering.
Reasons for Delaying the Constriction Projects in IraqDr. Amarjeet Singh
This article dealt with construction projects in Iraq, and the research focused on the risks that may affect these projects. The purpose of this study is to determine the risks that construction projects are exposed to in Iraq and the methods of dealing in order to reduce these risks. Sometimes, if the construction projects are similar to each other in terms of configuration, requirements and purpose, then changing the project site is very sufficient to make these projects differ from each other and thus may be exposed to different risks. These are risks that negatively affect the implementation of these projects and may lead to delay or increase in their cost. Here a questionnaire is designed to collect data to identify risks that may occur during the construction project phases. This questionnaire was distributed electronically to several samples in the public and private sectors within state institutions in Iraq. After completion, the risks that these projects may be exposed to were identified. This was done with engineers and managers of companies and projects working in the public, private and joint sectors, and then these risks were analyzed by the Social Sciences for Packet Statistical Test program(SPSS).
EFFECTIVE RISK MANAGEMENT IN CONSTRUCTION PROJECTSvivatechijri
Risk management can be directly related to the successful project completion as it is very much
essential. Project management literature describes a detailed and widely accepted risk management process,
which is constructed basically from four iterative phases: risk identification, risk estimation, risk response
planning and execution, often managing the risk management process is included. Construction project planning is
an essential element in the management and execution of construction projects which involves the definition of
work tasks and their interactions as well as the assessment of required resource sand expected activity durations.
The study, therefore, examined the awareness of professionals in construction industry of the various types of
planning techniques and tools used on construction sites, Questionnaires were administered on selected building
professionals (Project Managers, Engineers, Architects), and Contractors and Sub-contractors directly involved
in construction work on sites in planning and the use of planning tools and techniques as major tools for successful
project execution
The success rate of real estate project is
decreasing as there is large scale of project and participation of
entities. It is necessary to study the risk factors involved in the
project. This paper focused on types of risks involved in the
project, risk factors, risk management tools & techniques.
Identification of risk of the project in terms of the total cost of the
project has been divided under Technical, Financial, Sociopolitical
and Statutory cost centers. Large real estate projects
have to tackle the following issues: land acquisition, skilledlabour
shortage, non-availability of skilled project managers, and
mechanization of the construction process to cater to the growing
demands. Non- availability of supporting infrastructure, political
issues like instability of the government leading to regulatory
issues, social issues, marketing forms an important part in these
projects as this is a onetime investment and the purchase cycle is
long , long development period makes the same project be at
different points in the real estate value cycle.
EFFECTIVE RISK MANAGEMENT IN CONSTRUCTION PROJECTSvivatechijri
Risk management is a step to make construction projects more efficient and practical such that
uncertainties should be identified before occurring and changing into crisis and a balance should be made
between threats and opportunities. Accordingly, construction industry is one of the most important and job
creating industries in all countries. Compared to other economic-industrial sectors, construction management is
highly influenced by the perception and employment of risk management concept. Additionally, there are
abundant risks in such activities since Construction projects activities are very complex and various. Hence, it
seems necessary to evaluate the proper use of risk management in various stages of Construction projects life
cycle. In this regard, the present study attempts to describe Construction projects life cycle step by step and
analyse the way of using risk management from designing stage to reviewing and supporting stage. The risk
management framework for construction projects can be improved by combining qualitative and quantitative
methodologies to risk analysis. The research work includes visiting and inspecting various construction sites,
analysing the field, collection of data, interpretation of data; using matrix method of risk calculation calculating
risk and providing effective measures to overcome it.
RISK MANAGEMENT IN HIGH RISE CONSTRUCTION PROJECTS IN SURAT CITYA Makwana
This paper gives information about identification of risk factors and perceptions of Indian construction practitioners i.e., contractors, owners, project managers and Engineers on the importance of different construction risks and how the risks should be assigned between the different parties of the contract. As the very common project styles, construction projects have so many characteristics likewise time limitation, specific items, financial restrictions and requirements, extraordinary structural and legal situations, complexity features. For this situation every construction project has own complex method. Risks constantly happen at construction projects and frequently cause time overrun or cost overrun. If you don’t contemplate these risk factors, or neglect the main factors, these risk factors will affect the damage because of the managerial errors. Risk management is the process which covers to identify the risks, for assessment with the help of qualitatively and quantitatively, to response with appropriate technique for management and controlling. The concept has gain popularity in various industries. Various companies frequently found the method in their projects for upgrading their performance, reducing their losses and increasing their profits. Questionnaire survey among clients, contractors, engineers and architects is analysed using, Relative Importance Index (RII)) method. The focus of this study is to understand what Risk Management is, understand the process of risk management at construction project and have depth knowledge on the use of risk management in high-rise construction projects.
International Journal of Engineering and Science Invention (IJESI)inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
The Identification of Risks and its Criticality in the Nigeria Construction I...Dr. Amarjeet Singh
Failure in project delivering can be attributed to many risk events in the Nigerian Construction Industry. This risk could be as a result of the dynamic, sensitivity, and complexity of the construction Industry towards its environment, socio-political, economic, technology, and cultural variables in Nigeria. Nevertheless, the low level of Risk Management in Nigeria construction Industry, and the little understanding and knowledge of the subject by Project Stakeholders prompt this study.
A quantitative method of research was carried out, and among the sixty (60) questionnaires administered to clients, consultants, and contractors in the Nigerian construction industry, thirty-one (31) valid responses were obtained. The questionnaires were designed on the twenty (20) types of risks that were identified by construction professionals which were categorized into five namely; Government and Politics; Finance and Economical; Management and Technology; social and Cultural; Natural and Environmental Risks. And, findings made revealed that economic and financial risks surpass all other types in the Nigeria Construction Industry.
Evaluation of Risk Factors Affecting Cost Performance of Construction Project...IJCMESJOURNAL
Effective management of risk is critical to the success of any construction project. The importance of risk management has grown as projects have become more complex. Contractors have traditionally used financial mark-ups to cover the risk associated with construction projects, but as competition increases and the margins become tighter, they can no longer rely on this strategy and must improve their ability to manage risk. This study has carried out an empirical evaluation of the effect of risk factors on cost performance of projects at delivery. The study is based on the analysis of primary data derived from bills of quantities for the construction/erection of hospital projects by the Ministry of Works and Housing, Jalingo in Taraba State. The obtained data was analyzed using linear regression, t-statistics, F-statistics, line and scatter graphs. The study identified the following risk variables as having significant impact on cost performance: project size, project location, project complexity, level of variations, prime cost sums and provisional sums, estimator bias, market conditions, level of competition, fraudulent practices, construction techniques, economic and political factors, construction accidents, health and safety factors. The study concludes that these factors have to be comprehensively assessed in the light of the individual projects. It recommends among others, the need for a departure from the use of traditional approach of percentage risk adjustment factor to a more comprehensive risk management system.
Claims Management And Assessment Through Documentationvivatechijri
Construction claims have such high impacts on the projects’ cost and time that the contractors should
establish the effective claim management in their organizations. This research aimed at presenting the key concepts of
construction claims, and construction claim management, focusing on the contractors’ point of view. In addition, a
questionnaire survey was done to assess the efficiency of the contractors in managing their claims. Three-hundred
claim management staffs from contractors’ organizations were then selected by using stratified sampling technique,
taking into account their company locations. It was found that the active tasks that the contractors can perform
efficiently consist of recognition and identification of the change, systematic and accurate documentation of the
change, analysis of time and cost impacts of the change. As to the defensive tasks, they are systematic and accurate
documentation of change, and analysis of time and cost impacts of the change. On the other hand, the activities that the
contractor can not perform well and should be improved are active notification of the change, active negotiation of the
claim, and defensive recognition and identification of the change. The result from this research can help the
contractors improve their weaknesses and maintain their strengths of their claim management process.
Recently, Construction IQ conducted an online survey on construction project risk management. Some valuable statistics emerged from the results. Have a look at what your colleagues and peers in the industry had to say…
Critical Factors Influencing to Management Risk in Construction Projectstheijes
The International Journal of Engineering & Science is aimed at providing a platform for researchers, engineers, scientists, or educators to publish their original research results, to exchange new ideas, to disseminate information in innovative designs, engineering experiences and technological skills. It is also the Journal's objective to promote engineering and technology education. All papers submitted to the Journal will be blind peer-reviewed. Only original articles will be published.
The papers for publication in The International Journal of Engineering& Science are selected through rigorous peer reviews to ensure originality, timeliness, relevance, and readability.
Theoretical work submitted to the Journal should be original in its motivation or modeling structure. Empirical analysis should be based on a theoretical framework and should be capable of replication. It is expected that all materials required for replication (including computer programs and data sets) should be available upon request to the authors.
The International Journal of Engineering & Science would take much care in making your article published without much delay with your kind cooperation.
EFFECTIVE RISK MANAGEMENT IN CONSTRUCTION PROJECTSvivatechijri
Risk management is a step to make construction projects more efficient and practical such that
uncertainties should be identified before occurring and changing into crisis and a balance should be made
between threats and opportunities. Accordingly, construction industry is one of the most important and job
creating industries in all countries. Compared to other economic-industrial sectors, construction management is
highly influenced by the perception and employment of risk management concept. Additionally, there are
abundant risks in such activities since Construction projects activities are very complex and various. Hence, it
seems necessary to evaluate the proper use of risk management in various stages of Construction projects life
cycle. In this regard, the present study attempts to describe Construction projects life cycle step by step and
analyse the way of using risk management from designing stage to reviewing and supporting stage. The risk
management framework for construction projects can be improved by combining qualitative and quantitative
methodologies to risk analysis. The research work includes visiting and inspecting various construction sites,
analysing the field, collection of data, interpretation of data; using matrix method of risk calculation calculating
risk and providing effective measures to overcome it.
RISK MANAGEMENT IN HIGH RISE CONSTRUCTION PROJECTS IN SURAT CITYA Makwana
This paper gives information about identification of risk factors and perceptions of Indian construction practitioners i.e., contractors, owners, project managers and Engineers on the importance of different construction risks and how the risks should be assigned between the different parties of the contract. As the very common project styles, construction projects have so many characteristics likewise time limitation, specific items, financial restrictions and requirements, extraordinary structural and legal situations, complexity features. For this situation every construction project has own complex method. Risks constantly happen at construction projects and frequently cause time overrun or cost overrun. If you don’t contemplate these risk factors, or neglect the main factors, these risk factors will affect the damage because of the managerial errors. Risk management is the process which covers to identify the risks, for assessment with the help of qualitatively and quantitatively, to response with appropriate technique for management and controlling. The concept has gain popularity in various industries. Various companies frequently found the method in their projects for upgrading their performance, reducing their losses and increasing their profits. Questionnaire survey among clients, contractors, engineers and architects is analysed using, Relative Importance Index (RII)) method. The focus of this study is to understand what Risk Management is, understand the process of risk management at construction project and have depth knowledge on the use of risk management in high-rise construction projects.
International Journal of Engineering and Science Invention (IJESI)inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
The Identification of Risks and its Criticality in the Nigeria Construction I...Dr. Amarjeet Singh
Failure in project delivering can be attributed to many risk events in the Nigerian Construction Industry. This risk could be as a result of the dynamic, sensitivity, and complexity of the construction Industry towards its environment, socio-political, economic, technology, and cultural variables in Nigeria. Nevertheless, the low level of Risk Management in Nigeria construction Industry, and the little understanding and knowledge of the subject by Project Stakeholders prompt this study.
A quantitative method of research was carried out, and among the sixty (60) questionnaires administered to clients, consultants, and contractors in the Nigerian construction industry, thirty-one (31) valid responses were obtained. The questionnaires were designed on the twenty (20) types of risks that were identified by construction professionals which were categorized into five namely; Government and Politics; Finance and Economical; Management and Technology; social and Cultural; Natural and Environmental Risks. And, findings made revealed that economic and financial risks surpass all other types in the Nigeria Construction Industry.
Evaluation of Risk Factors Affecting Cost Performance of Construction Project...IJCMESJOURNAL
Effective management of risk is critical to the success of any construction project. The importance of risk management has grown as projects have become more complex. Contractors have traditionally used financial mark-ups to cover the risk associated with construction projects, but as competition increases and the margins become tighter, they can no longer rely on this strategy and must improve their ability to manage risk. This study has carried out an empirical evaluation of the effect of risk factors on cost performance of projects at delivery. The study is based on the analysis of primary data derived from bills of quantities for the construction/erection of hospital projects by the Ministry of Works and Housing, Jalingo in Taraba State. The obtained data was analyzed using linear regression, t-statistics, F-statistics, line and scatter graphs. The study identified the following risk variables as having significant impact on cost performance: project size, project location, project complexity, level of variations, prime cost sums and provisional sums, estimator bias, market conditions, level of competition, fraudulent practices, construction techniques, economic and political factors, construction accidents, health and safety factors. The study concludes that these factors have to be comprehensively assessed in the light of the individual projects. It recommends among others, the need for a departure from the use of traditional approach of percentage risk adjustment factor to a more comprehensive risk management system.
Claims Management And Assessment Through Documentationvivatechijri
Construction claims have such high impacts on the projects’ cost and time that the contractors should
establish the effective claim management in their organizations. This research aimed at presenting the key concepts of
construction claims, and construction claim management, focusing on the contractors’ point of view. In addition, a
questionnaire survey was done to assess the efficiency of the contractors in managing their claims. Three-hundred
claim management staffs from contractors’ organizations were then selected by using stratified sampling technique,
taking into account their company locations. It was found that the active tasks that the contractors can perform
efficiently consist of recognition and identification of the change, systematic and accurate documentation of the
change, analysis of time and cost impacts of the change. As to the defensive tasks, they are systematic and accurate
documentation of change, and analysis of time and cost impacts of the change. On the other hand, the activities that the
contractor can not perform well and should be improved are active notification of the change, active negotiation of the
claim, and defensive recognition and identification of the change. The result from this research can help the
contractors improve their weaknesses and maintain their strengths of their claim management process.
Recently, Construction IQ conducted an online survey on construction project risk management. Some valuable statistics emerged from the results. Have a look at what your colleagues and peers in the industry had to say…
Critical Factors Influencing to Management Risk in Construction Projectstheijes
The International Journal of Engineering & Science is aimed at providing a platform for researchers, engineers, scientists, or educators to publish their original research results, to exchange new ideas, to disseminate information in innovative designs, engineering experiences and technological skills. It is also the Journal's objective to promote engineering and technology education. All papers submitted to the Journal will be blind peer-reviewed. Only original articles will be published.
The papers for publication in The International Journal of Engineering& Science are selected through rigorous peer reviews to ensure originality, timeliness, relevance, and readability.
Theoretical work submitted to the Journal should be original in its motivation or modeling structure. Empirical analysis should be based on a theoretical framework and should be capable of replication. It is expected that all materials required for replication (including computer programs and data sets) should be available upon request to the authors.
The International Journal of Engineering & Science would take much care in making your article published without much delay with your kind cooperation.
RISK MANAGEMENT IN CONSTRUCTION PROJECTS AS PER INDIAN SCENARIOIAEME Publication
Construction industry is highly risk prone, with complex and dynamic project
environments creating an atmosphere of high uncertainty and risk. The industry is
vulnerable to various technical, sociopolitical and business risks. The track record
to cope with these risks has not been very good in construction industry. As a
result, the people working in the industry bear various failures, such as, failure of
abiding by quality and operational requirements, cost overruns and uncertain delays
in project completion. In light of this, it can be said that an effective systems of risk
assessment and management for construction industry remains a challenging task
for the industry practitioners. The aim of the this research is to identify and evaluate
current risks and uncertainties in the construction industry through extensive
literature survey and aims to make a basis for future studies for development of a
risk management framework to be adopted by prospective investors, developers and
contractors
Episode 25 : Project Risk Management
Understand what risk is and the importance of good project risk management.
Discuss the elements involved in risk management planning and the contents of a risk management plan.
List common sources of risks in engineering and information technology projects.
Describe the risk identification process, tools, and techniques to help identify project risks, and the main output of risk identification, a risk register.
SAJJAD KHUDHUR ABBAS
Chemical Engineering , Al-Muthanna University, Iraq
Oil & Gas Safety and Health Professional – OSHACADEMY
Trainer of Trainers (TOT) - Canadian Center of Human
Development
Software Project Risk Management Practice in OmanEECJOURNAL
Oman is a member of Gulf Cooperation Council (GCC). It is located in Southwest Asia and it has strategic significant boundaries, Overlooking the Arabian Sea, Gulf of Oman, and the Persian Gulf. It is the 80th in Global Innovation Index in 2019 and 63 in E-Government Development Index in 2018. Oman is an effective member of the Greater Arab Free Trade Agreement (GAFTA) and the World Trade Organization (WTO). Furthermore, Oman's government has continued efforts to develop local and foreign investments by signing a Free Trade Agreement (FTA) with the USA. Oman plays a significant role in investments due to its strategic location connected to the markets in the Gulf, the Middle East, Asia, and Africa. Oman's vision is to involve all new technologies to be always beside the developed countries. To achieve that, Oman established The Government Innovation Initiative to encourage government entities in creativity and introduce their suggestions to enhance governmental performance and enhance the efficiency in different fields. This is realized by involving modern technologies like the Internet of Things (IoT), Artificial Intelligence (AI), Cloud Computing, Virtual Reality Applications, and Blockchain. In Oman, the risk management approach is a core technique. Three major stages are applied systematically in risk management in software projects. These stages involve a) identifying the risk; b) analyzing and assessing the risk, and c) reaction to the risk. There is no doubt that the high risk belonged to business will have negative impacts on all of its participants. Wherefore, this paper sheds the light on that knowledge area. The aim of this paper is to review the present literature on risk management processes implemented in software projects. There is a dearth in the literature which covers the risk management area knowledge in Oman's organizations. This paper target finding out the commonly used frameworks or mechanisms in risk management in software projects. It also tries to collect the responses to state the various types of risk origins in the existing profit and non-profit organizations in Oman and to recognize the coming research trends in this area.
Indian EPC companies really needs rise their bar in execution of EPC projects ,there is substantial risk involved in those projects, needs rise the bar in design , procurement ,safety and integrated project management to successful completion of the project.
In Indian scenario of infrastructure industry, there is a colossal vocation of peril analysis knacks and tools available for the management of affliction. In dogma, each peril analysis knack has its strengths and weaknesses. Knacks such as Probability Theory, Certainty Factors and Dempster-Shaffer theory of evidence are discussed with regard to their application to peril analysis in road projects. Suggestions on the most appropriate tools associated with the knacks are also presented. The mighty and emaciation of each knack are highlighted and discussed. This paper inferred the peril to be determined in project.
Effect or Risk Management Methods on project performance in Rwandan Construct...Sibo Kanyambari Aimable
Risks are very common in construction sector. Risk is the Possibility of suffering loss and the impact on the involved parties. According to APM (2006), all projects are inherently risky because they are unique, constrained, complex, based on assumptions, and performed by people. As a result, project risk management methods must be built into the management of projects and should be used throughout the project lifecycle.
Many construction projects fail because organizations assume that all the projects would succeed and they therefore do not identify, analyze, and provide mitigation or contingencies for the risk elements involved in the project.
Society desires that all projects should be performing and has become less tolerant of failure (Edwards and Bowen, 2005). Pressure is exerted on project managers to minimize the chance of project failure. This increasing pressure for performance which suggests that it is prudent for anyone involved in a project to be concerned about the associated risks and how they can be effectively managed.
Traditionally, performance of a project is analyzed on the criteria of quality, budget and time of completion. Two more criteria to determine the performance of a project were added by Kerzner (2001). Firstly, the project would effectively and efficiently manage risks and, secondly, it should be accepted by the customer.
It is known that the cause of the projects failure can be directly related to the extent of risk management methods undertaken. Besides, the level of risk management methods undertaken during project lifecycle impacts directly on the performance or otherwise of the project. Furthermore, using risk management methods effectively to manage risk should be continuously undertaken throughout the project lifecycle to enhance project performance. Risk management methods are thus an important tool to cope with such substantial risks in projects performance.
The main objective of the enquiry work that underpins this research is to investigate the effect of risk management methods on project performance. In this paper, a case study of RSSB multi-storey already executed project is considered.
Risks have a significant impact on a construction
project’s performance in terms of cost, time and quality. As
the size and complexity of the projects have increased, an
ability to manage risks throughout the construction process
has become a central element preventing unwanted
consequences. How risks are shared between the project
actors is to a large extent governed by the procurement
option and the content of the related contract documents.
Therefore, selecting an appropriate project procurement
option is a key issue for project actors.
The overall aim of this research is to increase the
understanding of risk management in the different
procurement options: design-bid-build contracts, designbuild contracts and collaborative form of partnering. Deeper
understanding is expected to contribute to a more effective
risk management and, therefore, a better project output and
better value for both clients and contractors. The study
involves nine construction projects recently performed in
Sweden and comprises a questionnaire survey and a series of
interviews with clients, contractors and consultants involved
in these construction projects.
The findings of this work show a lack of an iterative
approach to risk management, which is a weakness in current
procurement practices. This aspect must be addressed if the
risk management process is to serve projects and, thus, their
clients. The absence of systematic risk management is
especially noted in the programme phase, where it arguably
has the greatest potential impact. The production phase is
where most interest and activity are to be found. As a matter
of practice, the communication of risks between the actors
simply does not work to the extent that it must if projects are
to be delivered with certainty, irrespective of the form of
procurement.
A clear connection between the procurement option
and risk management in construction projects has been
found. Traditional design-bid-build contracts do not create
opportunities for open discussion of project risks and joint
risk management. A number of drivers of and obstacles to
effective risk management have been explored in the study.
Every actor’s involvement in dialogue, effective
communication and information exchange, open attitudes
and trustful relationship are the factors that support open
discussion of project risks and, therefore, contribute to
successful risk management.
Based on the findings, a number of recommendations
facilitating more effective risk management have been
developed for the industry practitioners.
EFFECTS OF RISK MANAGEMENT METHODS ON PROJECT PERFORMANCE IN RWANDAN CONSTRUC...Sibo Kanyambari Aimable
Risks are very common in construction sector. Risk is the Possibility of suffering loss and the impact on the involved parties. According to APM (2006), all projects are inherently risky because they are unique, constrained, complex, based on assumptions, and performed by people. As a result, project risk management methods must be built into the management of projects and should be used throughout the project lifecycle.
Many construction projects fail because organizations assume that all the projects would succeed and they therefore do not identify, analyze, and provide mitigation or contingencies for the risk elements involved in the project.
Society desires that all projects should be performing and has become less tolerant of failure (Edwards and Bowen, 2005). Pressure is exerted on project managers to minimize the chance of project failure. This increasing pressure for performance which suggests that it is prudent for anyone involved in a project to be concerned about the associated risks and how they can be effectively managed.
Traditionally, performance of a project is analyzed on the criteria of quality, budget and time of completion. Two more criteria to determine the performance of a project were added by Kerzner (2001). Firstly, the project would effectively and efficiently manage risks and, secondly, it should be accepted by the customer.
It is known that the cause of the projects failure can be directly related to the extent of risk management methods undertaken. Besides, the level of risk management methods undertaken during project lifecycle impacts directly on the performance or otherwise of the project. Furthermore, using risk management methods effectively to manage risk should be continuously undertaken throughout the project lifecycle to enhance project performance. Risk management methods are thus an important tool to cope with such substantial risks in projects performance.
The main objective of the enquiry work that underpins this research is to investigate the effect of risk management methods on project performance. In this paper, a case study of RSSB multi-storey already executed project is considered.
These days we have an increased number of heart diseases including increased risk of heart attacks. Our proposed system users sensors that allow to detect heart rate of a person using heartbeat sensing even if the person is at home. The sensor is then interfaced to a microcontroller that allows checking heart rate readings and transmitting them over internet. The user may set the high as well as low levels of heart beat limit. After setting these limits, the system starts monitoring and as soon as patient heart beat goes above a certain limit, the system sends an alert to the controller which then transmits this over the internet and alerts the doctors as well as concerned users. Also the system alerts for lower heartbeats. Whenever the user logs on for monitoring, the system also displays the live heart rate of the patient. Thus concerned ones may monitor heart rate as well get an alert of heart attack to the patient immediately from anywhere and the person can be saved on time.This value will continue to grow if no proper solution is found. Internet of Things (IoT) technology developments allows humans to control a variety of high-tech equipment in our daily lives. One of these is the ease of checking health using gadgets, either a phone, tablet or laptop. we mainly focused on the safety measures for both driver and vehicle by using three types of sensors: Heartbeat sensor, Traffic light sensor and Level sensor. Heartbeat sensor is used to monitor heartbeat rate of the driver constantly and prevents from the accidents by controlling through IOT.
ABSTRACT The success of the cloud computing paradigm is due to its on-demand, self-service, and pay-by-use nature. Public key encryption with keyword search applies only to the certain circumstances that keyword cipher text can only be retrieved by a specific user and only supports single-keyword matching. In the existing searchable encryption schemes, either the communication mode is one-to-one, or only single-keyword search is supported. This paper proposes a searchable encryption that is based on attributes and supports multi-keyword search. Searchable encryption is a primitive, which not only protects data privacy of data owners but also enables data users to search over the encrypted data. Most existing searchable encryption schemes are in the single-user setting. There are only few schemes in the multiple data users setting, i.e., encrypted data sharing. Among these schemes, most of the early techniques depend on a trusted third party with interactive search protocols or need cumbersome key management. To remedy the defects, the most recent approaches borrow ideas from attribute-based encryption to enable attribute-based keyword search (ABKS
Cloud computing is the one of the emerging techniques to process the big data. Large collection of set or large
volume of data is known as big data. Processing of big data (MRI images and DICOM images) normally takes
more time compare with other data. The main tasks such as handling big data can be solved by using the concepts
of hadoop. Enhancing the hadoop concept it will help the user to process the large set of images or data. The
Advanced Hadoop Distributed File System (AHDF) and MapReduce are the two default main functions which
are used to enhance hadoop. HDF method is a hadoop file storing system, which is used for storing and retrieving
the data. MapReduce is the combinations of two functions namely maps and reduce. Map is the process of
splitting the inputs and reduce is the process of integrating the output of map’s input. Recently, in medical fields
the experienced problems like machine failure and fault tolerance while processing the result for the scanned
data. A unique optimized time scheduling algorithm, called Advanced Dynamic Handover Reduce Function
(ADHRF) algorithm is introduced in the reduce function. Enhancement of hadoop and cloud introduction of
ADHRF helps to overcome the processing risks, to get optimized result with less waiting time and reduction in
error percentage of the output image
Text mining has turned out to be one of the in vogue handle that has been joined in a few research
fields, for example, computational etymology, Information Retrieval (IR) and data mining. Natural
Language Processing (NLP) methods were utilized to extricate learning from the textual text that is
composed by people. Text mining peruses an unstructured form of data to give important
information designs in a most brief day and age. Long range interpersonal communication locales
are an awesome wellspring of correspondence as the vast majority of the general population in this
day and age utilize these destinations in their everyday lives to keep associated with each other. It
turns into a typical practice to not compose a sentence with remedy punctuation and spelling. This
training may prompt various types of ambiguities like lexical, syntactic, and semantic and because of
this kind of indistinct data; it is elusive out the genuine data arrange. As needs be, we are directing
an examination with the point of searching for various text mining techniques to get different
textual requests via web-based networking media sites. This review expects to depict how
contemplates in online networking have utilized text investigation and text mining methods to
identify the key topics in the data. This study concentrated on examining the text mining
contemplates identified with Facebook and Twitter; the two prevailing web-based social networking
on the planet. Aftereffects of this overview can fill in as the baselines for future text mining research.
Colorectal cancer (CRC) has potential to spread within the peritoneal cavity, and this transcoelomic
dissemination is termed “peritoneal metastases” (PM).The aim of this article was to summarise the current
evidence regarding CRC patients at high risk of PM. Colorectal cancer is the second most common cause of cancer
death in the UK. Prompt investigation of suspicious symptoms is important, but there is increasing evidence that
screening for the disease can produce significant reductions in mortality.High quality surgery is of paramount
importance in achieving good outcomes, particularly in rectal cancer, but adjuvant radiotherapy and chemotherapy
have important parts to play. The treatment of advanced disease is still essentially palliative, although surgery for
limited hepatic metastases may be curative in a small proportion of patients.
Heat transfer in pipes is a distinctive kind of procedure employed in heat exchanger which transfers great
deal of heat because of the impact of capillary action and phase change heat transfer principle. Late improvement
in the heat pipe incorporates high thermal conductivity liquids like Nano liquids, fixed inside to extricate the most
extreme heat. This paper audits, impact of different factors, for example, thermal pipe tilt edge, charged measure
of working liquid, nano particles sort, size, and mass/volume part and its impact on the change of thermal
proficiency, thermal exchange limit and decrease in thermal protection. The Nano liquid arrangement and the
examination of its thermal attributes likewise have been investigated. The retained sun oriented vitality is
exchanged to the working liquid streaming in the pipe. The execution of the framework is affected by thermal
exchange from tube to working liquid, with least convective misfortunes, which must be considered as one of the
essential plan factor. In tube and channel streams, to improve the rate of heat exchange to the working liquid,
detached enlargement methods, for example, contorted tapes and swirl generators are employed from the fluid
flow path. The variation of heat transfer coefficient and pressure drop in the pipe flow for water and water based
Al2O3 Nano fluids at different volume concentrations and twisted tapes are studied.
Now-a-day’s pedal powered grinding machine is used only for grinding purpose. Also, it requires lots of efforts
and limited for single application use. Another problem in existing model is that it consumed more time and also has
lower efficiency. Our aim is to design a human powered grinding machine which can also be used for many purposes
like pumping, grinding, washing, cutting, etc. it can carry water to a height 8 meter and produces 4 ampere of electricity
in most effective way. The system is also useful for the health conscious work out purpose. The purpose of this technical
study is to increase the performance and output capacity of pedal powered grinding machine.
This project proposes a distributed control approach to coordinate multiple energy storage units
(ESUs) to avoid violation of voltage and network load constraints ESU as a buffer can be a promising
solution which can store surplus power during the peak generation periods and use it in peak load
periods.In ESU converters both active and reactive power are used to deal with the power quality
issues in distribution network ESU’s reactive power is proposed to be used for voltage support, while
the active power is to be utilized in managing network loading.
The steady increase in non-linear loads on the power supply network such as, AC variable speed drives,
DC variable Speed drives, UPS, Inverter and SMPS raises issues about power quality and reliability. In this
subject, attention has been focused on harmonics . Harmonics overload the power system network and cause
reliability problems on equipment and system and also waste energy. Passive and active harmonic filters are
used to mitigate harmonic problems. The use of both active and passive filter is justified to mitigate the
harmonics. The difficulty for practicing engineers is to select and deploy correct harmonic filters , This paper
explains which solutions are suitable when it comes to choosing active and passive harmonic filters and also
explains the mistakes need to be avoided.
This Paper is aimed at analyzing the few important Power System equipment failures generally
occurring in the Industrial Power Distribution system. Many such general problems if not resolved it may
lead to huge production stoppage and unforeseen equipment damages. We can improve the reliability of
Power system by simply applying the problem solving tool for every case study and finding out the root cause
of the problem, validation of root cause and elimination by corrective measures. This problem solving
approach to be practiced by every day to improve the power system reliability. This paper will throw the light
and will be a guide for the Practicing Electrical Engineers to find out the solution for every problem which
they come across in their day to day maintenance activity.
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Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
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Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
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1. International Journal of Engineering and Techniques - Volume 2 Issue 6, Nov – Dec 2016
ISSN: 2395-1303 http://www.ijetjournal.org Page 153
Analysis of Risk Management for Construction Projects
ER. Hassan Mohamed Abdulnabi 1
Prof. (Dr.) V. C. Agarwal 2
PhD student, Department of Civil Engineering Faculty of Engineering and Technology
SHIATS University, Allahabad, India 1
Professor Dr, Head of Department of Civil Engineering Faculty of Engineering and
Technology SHIATS University, Allahabad, India 2
INTRODUCTION
The sector of construction is one of the key
economic sectors and is the main force the
Libyan economy, in the last has
witnessed in noticeable expansion
activities. This has resulted in the recovery of the
construction profession and subsidiary industries,
therefore, the construction sector has taken the
foremost position among the other, mainly in the
attraction of investments and creation of new
jobs. The management of risks is very important
in the planning and management of the projects,
construction industry is subject to more risks and
uncertainty than several other industries. The take
off process of project from initial investment
assessment to completion and into use is a
difficult process. The construction industry in
Libya Strip is suffering from the
misunderstanding of risk management including
risk identification, analysis and assessment.
I. PROJECT RISK CONCEPT
Risks can be defined in any of the projects an
event is uncertain which results from the
occurrence or negative impact positively on the
goal of the project (PMBOK, 2002, P127). Every
risk of reason leads to a result, for example, the
reason may be the qualified labour force limited
for the project and that the result clear will appear
in the additional cost or imbalance in scheduling
work and the length of the implementation period
or the quality of implementation. There are some
known risks that have been identified, analysed
and can now be planned. On the contrary the
unknown Risks cannot be managed, although the
managers of the project can deal with it by
applying General Contingency Plans based on
past experience gained during the implementation
of previous projects. A risk is anything that
threatens the success of the project but accepted
RESEARCH ARTICLE OPEN ACCESS
Abstract:
The length of the implementation period in the construction of projects may lead to a change in
circumstances which expose them to many risks because of the length of the implementation period and multiple
stages, beginning with the start-up phase and even phase of the project, and this leads to increased circumstances of
uncertainty and increasing the probability of the occurrence of risks, and this is reflected negatively on the
construction contracting and construction economy.In this research questionnaire was developed to identify the
risks encountered in construction. Projects have been distributed to some local and foreign construction companies
in Libya, having been identified the risks that may face the projects. Through questionnaires and interviews with
engineers and project managers of companies, and making risk analysis qualitatively, there was a need to prepare a
checklist of the risks facing projects in Libya, and know the benefit of the contractor and the owner based on the
results. This paper examines the most important risks faced by construction projects in Libya, which is difficult and
how they are able to implement these projects and housing companies, the research explains a formulated model to
evaluate companies before being contracted to know the financial and technical capabilities.
Keywords — Risk management, construction of projects, evaluating the risks, risk analysis
2. International Journal of Engineering and Techniques - Volume 2 Issue 6, Nov – Dec 2016
ISSN: 2395-1303 http://www.ijetjournal.org Page 154
when undergoing budget in return which will
result.
II. THE RISK MANAGEMENT
PROCESS
Overall risk management is the process of
identifying and evaluating the risks and
developing strategies to manage it. These
strategies include the transfer of risks to other
parties and to avoid and minimize the negative
effects and to accept some or all of its
consequences. Traditional risk management
focuses on the risks arising from physical or legal
reasons (example: natural disasters, fires,
accidents, death and lawsuits) on the other hand,
financial risk management focus on those risks
that can be managed using financial barter.
Regardless of the type of risk management, all
the big companies and small businesses have a
dedicated team of risk management.
The risk management process should include the
definition of risk identification, risk analysis, risk
mitigation, monitoring and control of risk as
show in Figure (1)
Figure (1). The Risk Management Process
1. RISK IDENTIFICATION
The aim of this phase is to identify all the
potential risks that may face the project and
threaten its goals, and this requires methods to
identify risks such as questionnaire, interviews
with project managers or officials in companies,
checklists, brainstorming, or Delphi Technique.
Risk identification can depend on goals, any risk
impedes the achievement of project goals
considered risk.
2. QUALITATIVE RISK ANALYSIS
Qualitative analysis of risks is most common in
the risk analysis process. On part, uses qualitative
risk analysis to prioritize risks that affect the
goals of the project, and must be done on
qualitative analysis of the risks at the beginning
of the project and reviewed during the
implementation to keep pace with changes in the
level of risk.
The ranking of risks:
Each project has different risks associated with
its processes, risk implementation, all of which
affect the activities of the project. A technique
used in risk arrangement is Probability Impact
Risk Rating Matrix( ward،1999) as shown in
Table (1), which expresses the value of all the
risk in numbers 1,5,10 to signal risk arrangement
(low, Medium, High). Risk = Possibility x
impact.
Table (1), Probability Impact Risk Rating Matrix(ward،1999).
3. RISK MITIGATION
The goal of this strategy is to mitigate the
consequences of the risk to an acceptable level.
Taking some of the actions that mitigate the risks
for the best to take action to address the
consequences of that risk. Examples of actions
taken before the start of implementation of the
projects during implementation, or the
engineering or seismic tests or the selection of
suitable suppliers, These procedures may include
3. International Journal of Engineering and Techniques - Volume 2 Issue 6, Nov – Dec 2016
ISSN: 2395-1303 http://www.ijetjournal.org Page 155
changing the conditions to mitigate the potential
for danger, such as adding resources or time to
the activities of the project.
4. RISK MONITORING AND FOLLOW UP
It is monitor and follow up of the effectiveness of
the actions taken or any other deviations can
occur in the project.
III. CHECK LIST
Questionnaire was developed to identify the risks
faced by projects in Libya. Financial and
economic impact of projects on the distribution
of the questionnaire section for 32 the company
implemented housing projects in Libya to get to
know some of the risks faced by projects in Libya
with an estimate of the probability of occurrence
and the resulting impact.
Table 2 shows the checklist risks that could have
faced the owner or contractor in the construction
projects. The list of these risks that have been
identified from the companies in the study
sample had a negative impact on the project in
terms of (time, cost and quality).
N The risk
1 Lack of companies ability to implement
2 Delays in the payment of payment certificates
3 Political factors.
4 Lack of security and stability.
5 Design errors.
6 Errors in the calculation of quantities.
7 Obtaining permits and approvals.
8 The lack of experience of supervising engineers.
9 The inexperience of the offices of the National
Advisory.
10 Centralised decision-making.
11 Technical specifications change during the
execution of the project.
12 Lack of experience and financial and technical
capacity of the contractor
13 Lack of labor experience.
14 Lack of materials.
Table ( )2 the checklist risks
Most of the participating companies in the study
questionnaire reported that the risks from 1 to 7
have very high probability of occurrence .All of
these risks are described in Figure 2 and impact
are as follows: -
-1 Lack of companies ability to implement
-2 Delays in the payment of payment certificates
-3 Political factors.
-4 Lack of security and stability.
-5 Design errors.
-6 Errors in the calculation of quantities.
7- Obtaining permits and approvals.
Figure (2). The risks very high probability of occurrence.
Lack of companies ability to implement:-
Lack of companies able to implement projects
due to three reasons must be considered when
contracting and these reasons are: -
1- Organizational ability
2- Financial ability
3- Financial and technical ability and experience
in the implementation of projects.
Delays in the payment of payment certificates:
Delays in the payment of payment certificates for
the executed works, and can reduce these risks
through the following actions: -
1- Must submit payment certificates timely.
2- Must prepare preparation payment certificates
before submission it to owner.
Political factors:
The worry of foreign financiers and domestic
companies from the collapse of the political
regime in the country where the result in the
collapse of the security and economic level and
the lack of the rule of law. In this case, one of the
main parties in the contract is unable to fulfil its
contractual obligations.
Lack of security and stability:
The risks security have a negative impact on the
projects. The companies face a big problem in
terms of the inability to bring in workers from
4. International Journal of Engineering and Techniques - Volume 2 Issue 6, Nov – Dec 2016
ISSN: 2395-1303 http://www.ijetjournal.org Page 156
abroad to work to the project. Also many of the
projects turned to a military barracks of the
armed militias, and some subjected to breaking in
from the citizens.
Design errors and Errors in the calculation of
quantities:-
There are technical risks amendments to the
designs and construction methods of execution
during the implementation, in addition to the
wrong estimate for quantities necessary to
implement the projects in contracts.
Obtaining permits and approvals:-
The difficulty in obtaining permits and approvals
before and during the implementation of projects
is one of the most important risks that affect the
project duration as these procedures may take
months before the completion of its cycle of
administrative between the owner and the
contractor.
Rehabilitation of construction companies
before contracting with them
One of the most important risks facing
construction projects in Libya is the ability of
companies implementing projects on time and at
cost and specifications agreed upon. So it was a
study for the rehabilitation of these companies
before contracting with them and suggests forms
for the rehabilitation of these companies so as to
know the financial, technical and managerial its
potential before being contracted. And
classification of companies should be in
accordance with the several criteria such as the
share capital and years of experience as well as
volume of technical manpower and the cadres of
administrative and equipment and machinery.
1. Suggested form for evaluating construction
companies.
After seeing the economic laws in Libya, which
identifies and assesses companies activities and
most recently the Council of Ministers
Resolution No. (171) of 2006, Issuing the
executive regulations of Law No. (21) Of 2001
concerning the practice of economic activities in
Libya. It has been proposed as a form for
evaluating construction companies, through a
questionnaire which was distributed to 32 of the
companies that implement projects in Libya. The
aim is to identify the main criteria that should be
used in the assessment of the construction
companies.
2. The criteria that must be provided in the
proposed form
A- Financial situation: This includes aspects
related to the financial status of the company and
the documents to be submitted and knowledge of
monetary flowability and financial ability.
B- Material resources file: A file that includes
all the machinery and equipment available to the
company to implement the project.
C- Years of experience of the company: The
company's experience in the implementation of
projects as well as the professional reputation of
the company.
D- Technical File: A file that includes all the
technical possibilities available to the company.
E- Human Resource file: A file that includes all
administrative and technical cadres available to
the company to implement the project.
F- Planning and Follow-up: Is the company's
ability to management, planning and control
work on the project.
G- Safety and Insurance: Includes the industrial
safety of the project and the safety of labourers
and insurance on the project.
3. The questionnaire results in the proposed
form
It created a form for evaluating companies and
write all the basic criteria format questions with
the use of economic laws in Libya and that define
and assess the activities of construction
companies. With included questionnaire on 7
basic criteria, each of which contains several
secondary standards were the result of many
questions to illustrate different aspects and to
evaluate construction companies before
contracting with them, were distributed to the
project managers and contractors and consultants,
and the table 3 major shows the results of the
questionnaire ratios basic standards.
the basic criteria Secondary criteria
Financial situation
28.1%
Having current accounts in banks
Cash flow of the company
Material resources file
Owning machines and equipment
required for the work
5. International Journal of Engineering and Techniques - Volume 2 Issue 6, Nov – Dec 2016
ISSN: 2395-1303 http://www.ijetjournal.org Page 157
15.6% Owning construction materials
required for the work
Years of experience of
the company 15.6%
The lack of previously unsuccessful
projects
The absence of a lawsuits against the
company
A number of similar projects for the
current project
Quality certificates in the
implementation of previous projects.
Technical File 12.5% Providing cadre trained in project
implementation
Human Resource file
12.5%
Having integrated engineering
specialities for the project wanted
implement
Having the entire organisational
structure of the company
Planning and Follow-up
9.4%
Having research and development
department
Having of control system and follow-
up work carried out in the project
Safety and Insurance
6.3%
Having certificates of insurance
project
The existence of previous incidents of
death for workers
Provide a cadre of industrial security
company
Provide training programs for the
prevention of accidents
Provide protection from natural
disasters system
Table (3) the basic criteria and Secondary files in the proposed form
Results from the survey shows that the financial
situation of the companies is the most important
factor in the proposed model for the evaluation of
construction companies. Where the percentage
rate of 28.1% of the companies participating in
the survey, and then followed by materials
resources file and years of experience of the
company by percentage rate of 15.6% , and then
comes to the files in the order as follows:-
Technical File 12.5%
Human Resource file 12.5%
Planning and Follow-up 9.4%
Safety and Insurance 6.3%
Figure 4 shows the proportions of these files in
suggested form.
Figur (4). Files used in suggested form.
Depending on the obtained results of the
questionnaire, the companies were ranked
according to their potential and capabilities, and
so the candidate is notified for the tender, while
the companies that did not get the required grades
are excluded. That the reality of companies in
Libya indicates the presence of a large deviation
in the success of these projects and the reason for
the deviation is due to many factors, including
those related to Implementing the company or the
royal institution. The evaluation of companies is
a key factor in the success of the project by
making sure their potential financial and
technical capabilities and administrative and its
previous experience in the projects implemented.
VI. CONCLUSION
Construction projects are always associated with
risk and uncertainty because of the length of the
implementation period that change the conditions
making it contain multiple risks. The most
important risk facing the projects in Libya are the
presence of companies not able to implement
projects on time and in the required quality and
the approved budget and specifications agreed
upon. Valuation of companies is a key factor in
the success of the project by making sure the
financial, technical and administrative
capabilities and expertise in the implementation
of previous projects. Therefore this field study
was to determine suggested form for the
6. International Journal of Engineering and Techniques - Volume 2 Issue 6, Nov – Dec 2016
ISSN: 2395-1303 http://www.ijetjournal.org Page 158
rehabilitation of the construction companies
before contracting with them, and the purpose of
this model is to ensure the ability of companies
financial, technical and administrative
capabilities and expertise in the implementation
of projects The definition of criteria that must be
available in these companies in the suggested
form to be invited to the auction. These
companies in the project and these standards are
(financial situation, material resources file, years
of experience of the company, technical file,
human resource file, planning and Follow-up,
safety and Insurance). using this suggested form
to evaluate companies before contracting with
them is recommended. The preparation checklist
contains the risk of the projects to be a reference
point for any owner or implementer of projects to
be taken into account when hiring or
implementation of projects. These risks have the
greatest impact on the time, cost and quality.
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