Risk Management in Infrastructure Development

  • Unique Paper ID: 147973
  • Volume: 5
  • Issue: 11
  • PageNo: 493-496
  • Abstract:
  • The Construction industry is very risk inclined, with mind-boggling and dynamic venture conditions which make an environment of high vulnerability and risk. The business is powerless against different specialized, socio-political and business dangers. The reputation to adapt to these dangers have not been generally excellent in the development industry. Subsequently, the general population working in the business bear different disappointments, for example, disappointment of submitting to quality and operational prerequisites, cost overwhelms and unsure deferrals in undertaking consummation. Risk management is a procedure which consists of distinguishing proof of dangers, evaluation with subjectively and quantitatively, reactions with an appropriate technique for dealing with dangers, and afterward controls the dangers by checking. This paper covers the ideas of risk the executives and different risk investigation strategies to be utilized for the on- stop answer for a wide range of perils well on the way to happen amid any development venture life cycle.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{147973,
        author = {Prof. Shilpi Sippi Bhuinyan and Shubham Anant Tekade and Shinu T NInan and Saurabh and Yash Suresh Raut},
        title = {Risk Management in Infrastructure Development},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {5},
        number = {11},
        pages = {493-496},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=147973},
        abstract = {The Construction industry is very risk inclined, with mind-boggling and dynamic venture conditions which make an environment  of  high vulnerability  and  risk.  The  business  is powerless against different specialized, socio-political and business  dangers.  The  reputation  to  adapt  to  these  dangers have not been generally excellent in the development industry. Subsequently, the general population working in the business bear different disappointments, for example, disappointment of submitting to quality and operational prerequisites, cost overwhelms  and unsure  deferrals in  undertaking consummation.   Risk   management   is   a   procedure   which consists of distinguishing proof of dangers, evaluation with subjectively  and quantitatively,  reactions  with  an appropriate technique for dealing with dangers, and afterward controls the dangers by checking. This paper covers the ideas of risk the executives  and  different  risk  investigation  strategies  to  be utilized for the on- stop answer for a wide range of perils well on the way to happen amid any development venture life cycle.},
        keywords = {Development   industry,   Risk   Management,   Risk
Investigation},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 5
  • Issue: 11
  • PageNo: 493-496

Risk Management in Infrastructure Development

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