scholarly journals Heuristic Reasoning and the Application of the Concept of Fuzzy Decision Variables in the Quantitative Risk Analysis of Construction Projects in Nigeria

Author(s):  
Ibrahim Yakubu
2009 ◽  
Vol 113 (2) ◽  
pp. 468-482 ◽  
Author(s):  
Torka S. Poet ◽  
Chris R. Kirman ◽  
Michael Bader ◽  
Christoph van Thriel ◽  
Michael L. Gargas ◽  
...  

2010 ◽  
Vol 13 (8) ◽  
pp. 1027-1041 ◽  
Author(s):  
Konstantinos A. Kirytopoulos ◽  
Athanasios A. Rentizelas ◽  
Ilias P. Tatsiopoulos ◽  
George Papadopoulos

2021 ◽  
Vol 13 (4) ◽  
pp. 2034
Author(s):  
Chien-Liang Lin ◽  
Bey-Kun Chen

Risks inevitably exist in all stages of a project. In a construction project, which is highly dynamic and complex, risk factors affect the expected achievement rates of the three main performance goals, namely schedule, cost, and quality. A comprehensive risk management procedure requires three crucial steps: risk confirmation, analysis, and treatment. Risk analysis is the core of risk management. Through structural equation modeling, this study developed a risk analysis model that takes a different perspective and considered the occurrence probability of risk events and the extent to which these events affect a project. The contractor dimension was discovered to exert the strongest influence on an overall project, followed by the subcontractor and design dimensions. This paper proposes a novel construction project risk analysis model, which considers the entire project. The proposed model can be used as a reference for risk managers to make decisions about project risks, so as to achieve the ultimate goal of saving resources and the sustainable operation of the construction project.


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