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Title: :  Managing Risk in Infrastructure Projects
PaperId: :  2757
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 2 Issue 4 2016
DUI:    16.0415/IJARIIE-2757
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Mr. Vasant B. Patil,Trinity Academy of Engg, Pune
Prof. S. S. Deshmukh,Trinity Academy of Engg, Pune

Abstract

Civil Engineering
Construction projects, Contract, Qualitative risk analysis, Risks, Risk management
It is very important to Manage risks in infrastructure construction projects has been recognized as management process in order to achieve the project objectives in terms of time, cost, quality and scope. Paper aims to identify and analysis of risks involved with the infrastructure projects. Based on a comprehensive assessment of conditions of contracts, this paper identifies risks and classifies them into eight types. It is observed by qualitative risk analysis, opposition from social bodies, changes in design and suspension of work are recognized to influence the project objectives maximally. This study has been found that few suggestions to mitigate construction project risks. The contract documents are used as a tool to manage risk and client, contractors and investors need to establish risk management policy throughout the project life. It is concluded that clients, designers, contractor and government bodies must work cooperatively from the feasibility phase onward to address potential risks in time.

Citations

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IJARIIE Mr. Vasant B. Patil,, and Prof. S. S. Deshmukh,. "Managing Risk in Infrastructure Projects" International Journal Of Advance Research And Innovative Ideas In Education Volume 2 Issue 4 2016 Page 52-58
MLA Mr. Vasant B. Patil,, and Prof. S. S. Deshmukh,. "Managing Risk in Infrastructure Projects." International Journal Of Advance Research And Innovative Ideas In Education 2.4(2016) : 52-58.
APA Mr. Vasant B. Patil,, & Prof. S. S. Deshmukh,. (2016). Managing Risk in Infrastructure Projects. International Journal Of Advance Research And Innovative Ideas In Education, 2(4), 52-58.
Chicago Mr. Vasant B. Patil,, and Prof. S. S. Deshmukh,. "Managing Risk in Infrastructure Projects." International Journal Of Advance Research And Innovative Ideas In Education 2, no. 4 (2016) : 52-58.
Oxford Mr. Vasant B. Patil,, and Prof. S. S. Deshmukh,. 'Managing Risk in Infrastructure Projects', International Journal Of Advance Research And Innovative Ideas In Education, vol. 2, no. 4, 2016, p. 52-58. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Managing_Risk_in_Infrastructure_Projects_ijariie2757.pdf (Accessed : 10 August 2016).
Harvard Mr. Vasant B. Patil,, and Prof. S. S. Deshmukh,. (2016) 'Managing Risk in Infrastructure Projects', International Journal Of Advance Research And Innovative Ideas In Education, 2(4), pp. 52-58IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Managing_Risk_in_Infrastructure_Projects_ijariie2757.pdf (Accessed : 10 August 2016)
IEEE Mr. Vasant B. Patil,, and Prof. S. S. Deshmukh,, "Managing Risk in Infrastructure Projects," International Journal Of Advance Research And Innovative Ideas In Education, vol. 2, no. 4, pp. 52-58, Jul-Aug 2016. [Online]. Available: https://ijariie.com/AdminUploadPdf/Managing_Risk_in_Infrastructure_Projects_ijariie2757.pdf [Accessed : 10 August 2016].
Turabian Mr. Vasant B. Patil,, and Prof. S. S. Deshmukh,. "Managing Risk in Infrastructure Projects." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 2 number 4 (10 August 2016).
Vancouver Mr. Vasant B. Patil,, and Prof. S. S. Deshmukh,. Managing Risk in Infrastructure Projects. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2016 [Cited : 10 August 2016]; 2(4) : 52-58. Available from: https://ijariie.com/AdminUploadPdf/Managing_Risk_in_Infrastructure_Projects_ijariie2757.pdf
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