Supply Chain Risk Assessment and Mitigation Approaches for Small-Sized Road Construction Projects

Abstract

Construction industry is impacted by low productivity, high cost and time overruns, quality-related problems, project failures. But the small-scale construction industry is less complex than large scale constructions that has characteristics as a medium amount of investment and a continuously existing industry. The stakeholders who are contractors, technical officers, minor level engineers have faced more risks and disruptions during a project due to various type of threats. This study expects to identify, assess risks, and provide steps to mitigate risks. The supply chain is an innovative philosophy which is integrated with every operation to deliver the final product with the right time, right cost, and right quality. Currently, the small-scale construction sector has to deliver the final product within a limited time and cost framework. Within the given time frame, the contractor needs to manage his project with necessary standards parallelly making profits. Unawareness of risk management concepts in minor level industries has resulted in time and cost overruns. In this study, one of popular methods which is the risk matrix was used to assess the risks. The probability of occurring of the given risk factor and impact on the project were noted down as time, cost, and quality. Risk mitigation strategies were proposed based on current practices identified from the industry and reviewing previous literature.