Research some key risk factors in construction

Abstract

The construction investment project is a collection of activities related to abandonment, expansion or renovation to develop, maintain or improve the quality of work or product or service for a while. One of the main characteristics of a construction investment project is the uncertain environment (potentially high risks). According to the statistics of the Department of State Inspection of Vietnam about the quality of construction works every year, about 0.28%-0.56% of construction projects have problems. To account for the above issues, there are many reasons related to the investors, designers, contractors, even objective conditions. Therefore, the analysis and giving exact causes of risks are of very high practical significance, and this is also an important basis for devising measures to minimize harm or prevent risks happening. This paper, therefore, attempted to assess the current use of risk management in Vietnam construction projects by an empirical survey. However, within the scope of this paper, the authors conduct a survey to assess some main risk factors, thereby building a relationship between risk management and factors by questionnaires Combined with the statistical processing methods. At the same time, from a research perspective on risks, it is considered in terms of forecasts and is preventable.