Abstract
Construction projects undergo critical stages resulting to circumstances with high uncertainty and risk, which has been escalated by the pandemic. As the pandemic continues to overwhelm the world, its negative effects to construction industry are clearly manifested. Health and safety risks in previous studies and researchers are not risk factors that has great impact to construction industry. However, the COVID-19 pandemic significantly increases the risks that needs intensive risk management techniques to continue construction operations. This study seeks to identify emerging risks and explored risk management techniques applied by construction companies in the Philippines in light of covid-19 pandemic. Findings of the study were based from a questionnaire survey on pandemic risk management in construction projects. Questionnaires were administered based on purposive sampling. Respondents were civil engineers and architects who are directly involved in management and administration of construction projects. The data obtained were analyzed and presented through frequency table and charts. As concluded, health and safety risk are the main risks factors that has effects on cost, time and quality of construction projects. Furthermore, these risks must be managed with great effort and coordination with the government to minimize its effects. In addition, the study is essential to construction industry to mitigate and control new emerging risk to ensure successful project completion.
Highlights
According to Cole (2021), risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings
Construction companies need to include risk as an integral part of their project management. Decision making such as risk assessment in construction projects is very important and timely in the construction management [4] amid Covid-19 pandemic
This study is conducted to determine potential risk in construction projects during pandemic and identify risk management techniques applied to mitigate, control and monitor this risk for the completion of construction projects
Summary
According to Cole (2021), risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. Construction companies need to include risk as an integral part of their project management. Decision making such as risk assessment in construction projects is very important and timely in the construction management [4] amid Covid-19 pandemic. West (2020) elaborated, the term “risk management” as widely used in all aspects of life to describe the steps we take to avoid—or lessen—the damages associated with a potential risk It typically involves the identification and assessment of risk by a coordinated application of resources to mitigate, control, and monitor the risk [6]. This study is conducted to determine potential risk in construction projects during pandemic and identify risk management techniques applied to mitigate, control and monitor this risk for the completion of construction projects
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Recent Technology and Engineering (IJRTE)
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
