Evaluating and Mitigating Risks in Construction Projects: A Critical Analysis

  • Unique Paper ID: 181540
  • Volume: 12
  • Issue: 1
  • PageNo: 5384-5388
  • Abstract:
  • Construction is a complicated and vital industry, key to economic development and infrastructure growth. Construction is a diverse field with a broad range of projects, including residential and commercial buildings, as well as massive infrastructure projects like bridges, highways, and industrial facilities. Because the industry is so varied and subject to ongoing change, construction is necessarily a high-risk activity. Population increase and growing demand for infrastructure further drive the pressure for large-scale construction activities, exacerbating the problems encountered. As a result, risk identification and management became fundamental elements of contemporary project management. Risk management assists stakeholders—clients, contractors, consultants, and suppliers—in reducing adverse effects on project performance, more specifically in terms of cost, time, and quality. It entails the detection of factors that could adversely impact a project's schedule, cost, or quality, measuring their potential impact, and designing methods of mitigating such risks. This research identifies major risk factors, classifies them, evaluates their effect on project performance, and suggests a model for successful risk mitigation.

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{181540,
        author = {Mihir Patel. A and Jayraj Solanki and Darshan Shah and Pareshkumar Patel},
        title = {Evaluating and Mitigating Risks in Construction Projects: A Critical Analysis},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {1},
        pages = {5384-5388},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=181540},
        abstract = {Construction is a complicated and vital industry, key to economic development and infrastructure growth. Construction is a diverse field with a broad range of projects, including residential and commercial buildings, as well as massive infrastructure projects like bridges, highways, and industrial facilities. Because the industry is so varied and subject to ongoing change, construction is necessarily a high-risk activity. Population increase and growing demand for infrastructure further drive the pressure for large-scale construction activities, exacerbating the problems encountered. As a result, risk identification and management became fundamental elements of contemporary project management. Risk management assists stakeholders—clients, contractors, consultants, and suppliers—in reducing adverse effects on project performance, more specifically in terms of cost, time, and quality. It entails the detection of factors that could adversely impact a project's schedule, cost, or quality, measuring their potential impact, and designing methods of mitigating such risks. This research identifies major risk factors, classifies them, evaluates their effect on project performance, and suggests a model for successful risk mitigation.},
        keywords = {Construction Risk Management, Risk Mitigation Strategies, Project Risk Evaluation, Construction Project Performance},
        month = {June},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 12
  • Issue: 1
  • PageNo: 5384-5388

Evaluating and Mitigating Risks in Construction Projects: A Critical Analysis

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