Analysis of Risk Factors for Highway Construction Projects in Egypt

Abstract

Egypt construction projects are associated with different levels of risks. The lack of familiarity of project management standards is one of the common risks in the construction industry in Egypt. The main aim of this paper is to identify the most significant risk factors affecting highway construction project in Egypt to decrease the likelihood and impact of those risks. The research method starts with extensive literature review to provide a prime risk factors list which was also augmented to expertise to reach final risk factor list which contains all risks that may be faced during highway construction. Subsequently, a set of 12 risk groups consisting of 73 risks was selected and a questionnaire survey was conducted to determine the likelihood and consequences of the identified risks. Later, a software application was developed using MATLAB to facilitate risk evaluation of highways projects. Results indicated that the risk factors arise from owner side is one of the most common risk factors in the construction industry in Egypt as the owner in the majority of construction project in Egypt is the governmental sector, however, the overall project risk of highway construction projects in Egypt is considered as at a medium level.