Identification and Qualitative Evaluation of Risk Factors in the Construction Projects in Iraq

Noor Aletby,Hafeth Ibrahim

doi:10.24237/djes.2021.14209

Abstract

Construction projects in Iraq face many dangers that cause exceeding the estimated cost of the project and not completing the project on time, and since the risk management process in construction projects is of great importance in controlling and reducing the impact of risks in construction projects, so it is necessary to identify these risks and evaluate them correctly in order to increase accuracy and the health of the subsequent stages of the risk management process in construction projects. This paper aims to identify the most important risks in construction projects in Iraq and to conduct a qualitative assessment of the identified risks and arrange them according to their importance. The researcher adopted the questionnaire method as a tool to determine the risks and used the technique of probability and effect matrix to conduct the qualitative assessment of the identified risks. The study found that there are 48 risk factors that constitute the most dangerous factor in construction projects in Iraq, and 10 of the determining factors were within the high level of risk, and at the forefront of which was the inability of the owner to finance the project.

Highlights

Risk is an event that may or may not occur and may lead to increase costs, delay of the project, poor quality [1]
This study aimed to develop a model that helps in identifying and analyzing risks that affect construction costs and time in Egyptian contracting companies
The acceptable results require using the tool of accurate measurement as one of the basic requirements before analyzing the data, a reliability test was conducted to check the internal consistency degree of the data collected from a questionnaire form

Summary

Introduction

Risk is an event that may or may not occur and may lead to increase costs, delay of the project, poor quality [1]. The risk is associated with human life and is present in all human endeavors. The complex work involved in construction work makes the latter more vulnerable [2], and their successes depending on the level of risk [3]. Construction projects are involved a lot of inherent risks because including many of the contracting parties, such as the owners, contractors, designers, suppliers, subcontractors, etc. Risk can be evaluated using different types of information [5,6,7]. The identification of risks and documentation provides the project team with the knowledge and capacity to anticipate events [8]. Reference [1] adds that the project should be viewed systematically and from

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Discussion

Conclusion