Assessment of significant risk factors in different construction stages.

Abstract

Construction industry plays as a major sector In India. Among the various management system in project, Risk management system plays as a vital role. Risk management involves in various stage (i.e.) Identification, Estimating, planning and development. So in order to know the influential factors that concern in implementation of risk, a study must be made. Thus, pilot study is conducted to find the factors. A face to face interview is conducted to improve the efficiency of questionnaire. The responses are collected from the building professionals (contractors, engineers, architects, etc.) with the questionnaire containing 45 factors and used for analysis. The analysis process is done with the help of SPSS and AMOS software for collected sample. Based on the result a hierarchy of factors is created and prioritization of factors is done. Preventive measures are listed to minimize the degree of risk to a limited value.