Identification of key Risks in Fast-Track Construction projects: A Literature Review

Abstract

Fast-track construction projects have become more common in recent yearsas a response to increased demand. The sector was known for its high-risk and highcomplexity features. Regardless of the degree of difficulty in construction projects,the construction industry has responded to requirements for faster project deliverydeadlines to meet standards, emergency/disaster preservation, and time-to-marketconstraints. The purpose of this study was to clarify risk management's role in fasttrack construction projects, evaluate how fast-track construction projects impact theconstruction time of such projects, and investigate risks that might occur fromdifferent levels of overlap. To achieve this, the paper undergone a comprehensiveliterature review on several 43 papers that have been published in Scopus. Theresearcher reviewed the literature for several studies, such as papers and books inthis field from 2000 to 2021. The results were: identifying accelerated techniquesand their classification; clarifying risks; risk management processes and theirclassification; and clarifying risks in fast-track construction projects because of anunfair risk distribution between the contractual parties because of specific or incorrect contract terms. This has led to a careful assessment of the scope of thework and how the project will be executed.