RISK MANAGEMENT IN CONSTRUCTION PROJECTS – MATERIALS AND MATERIAL MANAGEMENT

Abstract

Construction projects are facing a greater number of uncertainties and more severe risks, which could cause negative impact on project such as time, cost and quality, resulting losses in project. This study focuses on the risk management in construction project with respect to materials and material management, wherein six major ongoing projects in Goa were selected for case studies. The Four main objectives of this study were to identify key risk factors, Identify risk frequency & risk impact, Categories risk and suggest remedial measures to overcome these risks. This study will be based on findings of a questionnaire-based survey, the questionnaires will be designed / prepared based on the knowledge obtained from the relevant literature reviews and in consultation with the project managers / heads of construction sites. All the questionnaires are self assessed and use a Likert scale to measure risk factor by obtaining rating on the basis of likelihood from the Project Engineering team. Key wordsRisk Management, Risk identification, Risk Classification, Risk categorization, Remedial measures