Analytical Study of Risk Analysis and Role of Project Management in Construction Industry

Abstract

Abstract: The objective of this research is to study the risk analysis and project management in construction industry. The benefits of risk management are not confined to large or risky projects. The process may be formalized in these circumstances, but it is applicable for all scales of project and procurement activity. It can be applied at all stages in the project cycle, from the earliest assessments of strategy to the supply, operation, maintenance and disposal of individual items, facilities or assets. This study stressed on many aspects on the subject of project management in terms of problems and impediments, and suggested solutions through this project, in order to motivate and develop the management of the projects. It project is involves stage by stage construction industry facing issues and its solutions by various approaches like Questionnaires, qualitative method and quantitative method etc... Aim of this project to investigate the current level of application of project management and the obstacles that have prevented its introduction in the Indian construction industry. Then the exploitation of each project will be documented and used in future work