Categories Wise Analysis of Risk Assessment in Highway Projects using R.P.V. Method

Abstract

To minimize the adverse effects of highway construction hazards, it becomes imperative to evaluate the risk before planning and manage the risks. From design and planning until the project is completed, risks factors are present everywhere. To improve the effectiveness of a highway construction project, it becomes necessary to reduce the risk factor to a defined assessment for timely, safe, and economical completion. Identifying, classifying, and assessing different hazards in the design of highway a project is the focus of this research. Risks from legal proceedings, such as contract disputes, disputes between the government and other parties, land acquisition, and so on, are assessed, and cases are reported. After that, a site survey will be conducted among professionals to evaluate the likelihood of an event and the risk of impact. Extreme, High, Medium, Low, and Minimum are the five risk classes that must be assigned to risk. Risk factors are also rated according to their severity. In order to reduce the cost of the project, the maximum probability of the event and the maximum impact risk must be minimized. The most significant risk is as follows: Money/Funds, Heritage issues, Concerns around mineral mining, Utilities were not moved in a timely manner, Skilled Labour, Cost of land acquisition is uncertain, Schedule for land acquisition.