scholarly journals Risk Assessment Model Based on Fuzzy Logic for Residential Buildings

2021 ◽  
Vol 29 (4) ◽  
pp. 37-48
Author(s):  
Namdeo Hedaoo ◽  
Amey Pawar
Keyword(s):  
Risk Factors ◽  
Construction Projects ◽  
Residential Buildings ◽  
Construction Project ◽  
Significant Risk ◽  
Fuzzy Model ◽  
Residential Building ◽  
Assessment Model ◽  
Response Strategy ◽  
Industry Professionals

Abstract Risk is involved in every construction project. Residential building construction projects comprise a variety of risks and are more likely to be affected due to their difficulty and many operations and threats. The study aims to identify the various risk elements and their effect on construction projects of residential buildings using a fuzzy approach with the help of MATLAB software. This study includes 60 risk factors recognised through an expert opinion and literature review. These factors are categorised into 7 major groups, i.e., construction, project manager, architect/consultant, contractor, owner, resources, and external environment-specific risk factors. A questionnaire was prepared and sent using emails based on the identified risk factors to be filled out by construction industry professionals in India and by conducting in-person interviews. Based on the risk severities obtained from the fuzzy model, the top 10 risk factors have been considered. As a result, for identified top severe risk factors, a significant risk response strategy was implemented.

Developing a Model for Risk and Responsibility Management Share Amongst Stakeholders Consortium in Construction Projects

2013 ◽  
Vol 684 ◽  
pp. 639-643 ◽  
Author(s):  
Alireza Ghaffari
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Significant Risk ◽  
Interest Rate Risk ◽  
Extensive Literature ◽  
Productivity Cost ◽  
Management Techniques

The construction project is a complex sector which characterized with low productivity, cost and time overruns and conflicts. The major challenges in construction project risk assessment which may attributed to knowledge requirements for determining the level of uncertainty and development of complex models to predict . Portfolio theory and capital market theory stipulate that risk consists of two types, First, systematic risk, which cannot be controlled, emanates from external factors such as acts of God, natural disasters, market risk, interest-rate risk, and purchasing-power risk. Second, unsystematic risk, which can be controlled, relates to organization-specific factors such as business risk and financial risk (Fischer and Jordan 1996).) . To identifies the risk factors that influence the cost-effective management, operation, and maintenance of construction project, as well as how and when in the project life cycle the identified risk factors impact to the associated costs . The identification and design of risk is the first step of risk management. It contain the recognition of potential risk event conditions in a project and the clarification of risk responsibilities. A total of 50 risk factors on construction for stake holders (client , contractor ,consultant ) share projects were identified after conducting an extensive literature survey. A questionnaire survey was conducted from 60 project managers(20 from each category) in all three proficiencies with background experience in buildings ,road and bridges with minimum 15 years experience , to identify the most significant risk factors impact in construction projects . Interviews were conducted face to face, ensuring a 100 percent response rate. The questionnaire was amended by incorporating feedback of the experts to suit the local environments of the construction industry. The weight or rate of each risk factor gained by using a five-point Liker scale from a consolidated conceptual framework of all 50 risk factors identified from the deep literature work . The main aim of these research is to identify ,categorize and ranking common risks, exert management techniques to address those risks , effective risk management and risk status in the construction industry and to help stakeholders to take stock of their ongoing and future projects, with a focus on important risks, their management techniques and barriers to effective implementation of risk management systems.

A fuzzy model for evaluating risk impacts on variability between contract sum and final account in government-funded construction projects

2015 ◽  
Vol 13 (1) ◽  
pp. 45-69 ◽  
Author(s):  
Ernest Effah Ameyaw ◽  
Albert P.C. Chan ◽  
De-Graft Owusu-Manu ◽  
Ekow Coleman
Keyword(s):  
Risk Factors ◽  
Construction Projects ◽  
Fuzzy Model ◽  
High Impact ◽  
Assessment Model ◽  
Research Approach ◽  
Principal Component Factor Analysis ◽  
Related Factors ◽  
Content Type ◽  
Client Factors

Purpose – The purpose of this paper is to identify and then evaluate perceived risk factors influencing variability between contract sum and final count, and to develop a fuzzy risk assessment model for evaluating the overall impact of established critical risk factors impacting on variability between contract sum and final account in government-funded construction projects. Construction projects are characterised by risk factors that significantly impact on variability between the contract sum and final account. Design/methodology/approach – A research approach integrating questionnaire survey, mean scoring ranking and principal component factor analysis (PCFA) methods was adopted to evaluate and classify the critical risk factors. A fuzzy synthetic evaluation method was sequentially applied to compute the overall risk impact (ORI) of eight critical risk factors’ impact on variability between contract sum and final account. Findings – Initial results showed that eight critical risk factors have high impact on variations between contract sum and final account, namely (in order): project funding problems, underestimation of quantities, variations by client, change in scope of works, inadequate specification, change in design by client, defects in design and unexpected site (ground) conditions. PCFA produced two factor solutions: “professional-related factors” and “client factors”. The fuzzy model further showed that the ORI is 5.48, indicating that these risk factors have a high impact on variability between contract sum and final account in public construction projects. The client factors have a very high impact (5.59), while the professional-related factors indicated a high impact (5.41) on project cost variability. Originality/value – A practical model is proposed to evaluate the key risks associated with cost overruns in public projects. By giving effective and sustained attention to these factors, variability between contract sum and final account, a common situation in Ghana, can be controlled to achieve cost savings in public infrastructure projects.

scholarly journals Identification of geodetic risk factors occurring at the construction project preparation stage

2019 ◽  
Vol 9 (1) ◽  
pp. 14-17 ◽  
Author(s):  
Magdalena Kowacka ◽  
Dariusz Skorupka ◽  
Artur Duchaczek ◽  
Paweł Zagrodnik
Keyword(s):  
Risk Factors ◽  
Construction Projects ◽  
Expert Knowledge ◽  
Construction Project ◽  
Road Construction ◽  
Construction Process ◽  
The Road ◽  
Initial Stage ◽  
Preparation Stage

AbstractThe work contains information on the implementation of surveying works in the road construction process. The aim of the research was to identify geodetic risk factors occurring at the stage of preparation of a construction project, the presence of which can greatly disrupt the undertaking such as the road construction. The research was carried out on the basis of expert knowledge, documentation obtained from various road construction projects and the analysis of disturbances at the initial stage of works.

scholarly journals Risk analysis and strategic planning on bridge construction works at the toll road procurement projects in Central Java Province

2018 ◽  
Vol 49 ◽  
pp. 02020
Author(s):  
Hery Suliantoro ◽  
Nurul Fitriani ◽  
Bagus Hario Setiadji
Keyword(s):  
Avoidance Response ◽  
Construction Projects ◽  
Construction Project ◽  
Weather Forecast ◽  
Development Project ◽  
Response Strategy ◽  
Bridge Construction ◽  
Risk Response ◽  
Toll Road ◽  
The Impact

Risk is a condition caused by uncertainty. Risks will occur on any construction project, including bridge construction projects. Efforts that can be taken to minimize the impact of these risks are to engage in risk management activities. This research was conducted on bridge construction work on toll road procurement project in Pejagan-Pemalang, Pemalang-Batang and Salatiga-Kertasura. The purpose of this research is to analyze the risk of bridge development project in toll road project using Risk Breakdown Structure (RBS) method and then the result as database in discussing risk response strategy. The bridge construction project has 36 risks that are divided into six groups: materials and equipment, design, human resources, finance, management, nature and environmental conditions. Bad weather risks are the higest risk and seasonal risk causing temporary work stoppages. This risk-response strategy is avoidance. Short-term avoidance response strategy is to add shift workers, install tents and add additives in the acceleration of the process of maturation of concrete. The long-term avoidance response strategy is to evaluate and rearrange the work schedule by considering the weather forecast report.

CONSTRUCTION DEFECTS IN RESIDENTIAL BUILDING PROJECTS: PILOT STUDY

2014 ◽  
Vol 1 (1) ◽  
Author(s):  
Abdullah Almusharraf ◽  
Andrew Whyte
Keyword(s):  
Construction Projects ◽  
Residential Buildings ◽  
Residential Building ◽  
Building Projects ◽  
Vast Number ◽  
Global Issue ◽  
Cost Controls ◽  
Construction Tasks ◽  
Construction Defects

A vast number of studies about construction defects have been published in different countries, confirming that construction defects are a global issue. This problem often adversely affects the budgets, timing, and quality of construction projects. The lack of understanding about which construction tasks are prone to defects make implementation more uncertain and increases the chances of defects. This study seeks to identify and understand the behavior and pattern of task actions that are more prone to defects through the anatomy process of a specific task. The first objective in this study was to identify, track, and record construction defects during the execution of a number of actions within a specified task. The second objective was quantifying which actions are more prone to construction defects and determining the reasons why. Fifteen case studies were conducted on residential buildings, which included 45 items focusing on the column sub-task. Initial results suggest that some actions within specific sub-tasks are more susceptible to defects. This research aims to improve the understanding of construction defects and solutions, enhance cost controls, reduce time overruns, and improve execution quality.

Developing a fuzzy risk assessment model for guaranteed maximum price and target cost contracts in South Australia

Facilities ◽  
2014 ◽  
Vol 32 (11/12) ◽  
pp. 624-646 ◽  
Author(s):  
Daniel W.M. Chan ◽  
Joseph H.L. Chan ◽  
Tony Ma
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Construction Projects ◽  
South Australia ◽  
Assessment Model ◽  
Risk Assessment Model ◽  
Content Type ◽  
Risk Levels ◽  
Target Cost ◽  
Fuzzy Risk Assessment

Purpose – This paper aims to develop a fuzzy risk assessment model for construction projects procured with target cost contracts and guaranteed maximum price contracts (TCC/GMP) using the fuzzy synthetic evaluation method, based on an empirical questionnaire survey with relevant industrial practitioners in South Australia. Design/methodology/approach – A total of 34 major risk factors inherent with TCC/GMP contracts were identified through an extensive literature review and a series of structured interviews. A questionnaire survey was then launched to solicit the opinions of industrial practitioners on risk assessment of such risk factors. Findings – The most important 14 key risk factors after the computation of normalised values were selected for undertaking fuzzy evaluation analysis. Five key risk groups (KRGs) were then generated in descending order of importance as: physical risks, lack of experience of contracting parties throughout TCC/GMP procurement process, design risks, contractual risks and delayed payment on contracts. These survey findings also revealed that physical risks may be the major hurdle to the success of TCC/GMP projects in South Australia. Practical implications – Although the fuzzy risk assessment model was developed for those new-build construction projects procured by TCC/GMP contracts in this paper, the same research methodology may be applied to other contracts within the wide spectrum of facilities management or building maintenance services under the target cost-based model. Therefore, the contribution from this paper could be extended to the discipline of facilities management as well. Originality/value – An overall risk index associated with TCC/GMP construction projects and the risk indices of individual KRGs can be generated from the model for reference. An objective and a holistic assessment can be achieved. The model has provided a solid platform to measure, evaluate and reduce the risk levels of TCC/GMP projects based on objective evidence instead of subjective judgements. The research methodology could be replicated in other countries or regions to produce similar models for international comparisons, and the assessment of risk levels for different types of TCC/GMP projects (including new-build or maintenance) worldwide.

scholarly journals Implementation of MCA Method for Identification of Factors for Conceptual Cost Estimation of Residential Buildings

2013 ◽  
Vol 8 (1) ◽  
pp. 25-34 ◽  
Author(s):  
Michał Juszczyk ◽  
Agnieszka Leśniak ◽  
Krzysztof Zima
Keyword(s):  
Comparative Analysis ◽  
Cost Estimation ◽  
Construction Projects ◽  
Residential Buildings ◽  
Residential Building ◽  
Design Stage ◽  
Problem Solution ◽  
Key Factors ◽  
Early Design Stage ◽  
Select Group

Abstract Conceptual cost estimation is important for construction projects. Either underestimation or overestimation of building raising cost may lead to failure of a project. In the paper authors present application of a multicriteria comparative analysis (MCA) in order to select factors influencing residential building raising cost. The aim of the analysis is to indicate key factors useful in conceptual cost estimation in the early design stage. Key factors are being investigated on basis of the elementary information about the function, form and structure of the building, and primary assumptions of technological and organizational solutions applied in construction process. The mentioned factors are considered as variables of the model which aim is to make possible conceptual cost estimation fast and with satisfying accuracy. The whole analysis included three steps: preliminary research, choice of a set of potential variables and reduction of this set to select the final set of variables. Multicriteria comparative analysis is applied in problem solution. Performed analysis allowed to select group of factors, defined well enough at the conceptual stage of the design process, to be used as a describing variables of the model.

scholarly journals TIME REDUCTION EFFECT OF THE ENHANCED TACT METHOD FOR HIGH-RISE RESIDENTIAL BUILDINGS

2015 ◽  
Vol 22 (7) ◽  
pp. 944-953 ◽  
Author(s):  
Donghoon LEE ◽  
Dong-Sub KIM ◽  
Gwang-Hee KIM ◽  
Sunkuk KIM
Keyword(s):  
Construction Projects ◽  
Critical Path ◽  
Residential Buildings ◽  
Residential Building ◽  
Building Projects ◽  
Schedule Management ◽  
High Rise ◽  
Time Reduction ◽  
Reduction Effect ◽  
Line Of Balance

The finish work on high-rise residential buildings is performed simultaneously with mechanical and electrical construction work, which results in frequent work interference and delay. This significantly hinders efficient schedule management. Critical Path Method (CPM) is inefficient when applied to high-rise residential building projects in which work is repeatedly carried out for each floor. Line-of-Balance (LOB) is widely used for its effectiveness in managing repetitive work. LOB was developed into TACT and eTACT (enhanced-TACT) to combine heterogeneous works con­tinuously. In particular, the eTACT schedule management method has an advantage in that it is capable of systemati­cally connecting detailed construction, mechanical and electrical construction projects using a work planning template. This study evaluates the time reduction effect of the eTACT method for a high-rise residential building. A comparative analysis of data on 102 cases of non-applied projects and 44 cases of projects using the eTACT method over a period of 10 years is presented to verify its effectiveness. The result shows that finish work time was reduced by 25% or about 53 days on average.

scholarly journals A Suggested Module for Risk Framework of Water Control Construction Projects using Qualitative and Quantitative Techniques

2020 ◽  
Vol 9 (3) ◽  
pp. 1448-1454
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Quantitative Analysis ◽  
Construction Projects ◽  
Control Strategies ◽  
Significant Risk ◽  
Water Control ◽  
Global Challenge ◽  
Managing Risk ◽  
The Cost

Managing risk is an integral part of sound management and risk management helps to achieve projects objectives. Although the process of risk management is standardized to a great extent, risk control strategies depend on project circumstances and feature. One of the essential humanity’s challenges in the future, is surely ensuring water needs. Equitable and sustainable management of water resources is a major global challenge, and supply of clean fresh water is decreasing around all nations. Egypt is one of the countries hardest affected by climate change. Also challenges include population growth, increase in food demand and Lack of water and energy Leads to let managing risk for construction of water control structures projects on water streams in Egypt becomes more challenging and essential than ever before. Moreover, this study aims to show the effect of risk on cost and time targets for water control structure projects in Egypt .This study mainly identify a list of significant risk factors effecting on cost and time for these type of projects in Egypt through studying pervious publishing for risk management in construction projects and a questionnaire survey , then conducting a qualitative analysis using a Severity and Probability matrix (S/P matrix) techniques to assess the influence of risk factors and to isolate critical risk factors for a quantitative analysis. Finally, conducting a quantitative analysis by mean of Analytical Hierarchy Process (AHP) to determine the cost and time contingency, s the conclusion of this study shows that the cost contingency needed to account for the different critical risk factors is to increase the estimated cost by 12.35 % on the total estimated budget of the project. In addition that the time contingency needed to consider for different critical risk factors is to increase the scheduled time by 11.25% over the total originally scheduled of the project

scholarly journals BUILDING INFORMATION MODELLING AND PROJECT INFORMATION MANAGEMENT FRAMEWORK FOR CONSTRUCTION PROJECTS

2019 ◽  
Vol 25 (1) ◽  
pp. 53-75 ◽  
Author(s):  
Timothy O. Olawumi ◽  
Daniel W. M. Chan
Keyword(s):  
Information Management ◽  
Construction Projects ◽  
Construction Project ◽  
Assessment Model ◽  
Project Staff ◽  
Management Framework ◽  
Construction Firms ◽  
Building Information ◽  
Key Indicators

The study aims to develop an effective BIM-project information management framework (BIM-PIMF) and associated assessment model for construction projects with a view to enhancing the functional management of project information. An explanatory case study technique and case study evidence from four BIM construction projects form the study’s research design. The study identified and established the three sub-criteria of the BIM-PIMF model which are the BIM process level factors, BIM product level factors, and the key indicators for a successful BIM deployment on construction project sites. These criterias were semantically linked to the development of the BIM-PIMF framework on a five-point metric scale. The deliverables of this study include the development of the BIM-PIMF framework, together with its analytical scoring system. The findings of the study will improve the information channels of and ease the integration of technological innovations in construction processes while improving the technical competencies of project staff. The study highlighted a basket of effective recommendations and strategies to enhance the deployment of BIM throughout a project lifecycle. Policymakers and government departments can utilize the model in assessing the level of usage of BIM in a construction project as one of the useful measures in gauging which construction firms to be provided subsidies.

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