Muneeswaran, G; Manoharan, P; Awoyera, P O and Adesina, A (2020) A statistical approach to assess the schedule delays and risks in Indian construction industry. International Journal of Construction Management, 20(5), pp. 450-461. ISSN 1562-3599
Abstract
Construction projects are highly complex and dynamic in nature. However, its dynamicity subjects it to several delays and risks; before, during and after construction. Therefore, it is paramount to identify the possible sources of delays and risks so as to prioritize them. This study used a literature review and perception of construction professionals in the Indian construction industries to assess and prioritize delays and risks. Statistical analysis using relative importance index and fuzzy ranking was employed to identify, assess, and prioritize delays and risks in the Indian construction industry context. Inadequate schedule was found to be the most critical risk, which constitutes a long-term problem in any construction projects. New risks were identified in the tendering stage. It is anticipated that the result of this study would be a guidebook for all stakeholders in the construction industry to assess and prevent any possible delay and risk in their construction processes.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction; fuzzy ranking; questionnaire; relative importance index; risk factors; risk prioritization; schedule delay; tendering |
| Index terms: | construction industry, risk factor, construction professional, statistical analysis, schedule delay, risk prioritization, questionnaire, construction project, construction process, literature review, relative importance index |
| Subjects: | data collection methods, risk assessment, data science, data analysis and analytics, professional development, financial risk, production management, building construction, project controls, environmental hazards, industry analysis |
| Topics: | Site Management, Time Control, Cost Management, Project Management, Research Practice, Information Management, Risk Management, Sustainability |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here