Abstract
Scientific research on risks of project management has little precedent and it lasted less than half a century from the first serious researches, but in the meantime, significant improvements have been made in the knowledge of risk management and project management. Although risk is unavoidable, if the risk is properly understood and managed, it can become a competitive advantage.
Highlights
Project management is an important tool in modern management, especially in large projects that require many skills, which are a set of processes that are used to carry out a successful project throughout its lifecycle
Scientific research on risks of project management has little precedent and it lasted less than half a century from the first serious researches, but in the meantime, significant improvements have been made in the knowledge of risk management and project management
Since the verbal evaluation is done by individuals in an approximate manner, it can be said that gray theory is suitable for the confrontation with the ambiguity of these types of evaluations, whereas the attempts to achieve more precise quantities are impossible and unnecessary (Delgado, et al, 1998)
Summary
The purpose of this research is to present a synthetic approach based on gray theory to evaluate the risks of construction project management. Contrary to the old methods, which focused on the factors that are directly or indirectly related to the project environment and the impact of these factors on increasing the cost of the project, the purpose of this study was to create a conceptual model which expresses the important and prominent issues, that play the most important role in the life cycle of a project. The main purpose of this article was to find the representative indicators to apply in the DEA model and investigate the role of these representative indicators to use in the DEA model
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