Abstract

There are some papers carried out for risk assessment of construction projects. However, several shortages of this research have been identified, including the usage of inappropriate techniques for assessing risk when they are unable to simulate the relationship of potential risk variables. Therefore, the application of modern qualitative and quantitative methods considering the interaction, independencies, and feedbacks among project risks is extremely necessary. This paper aims to introduce a comprehensive technique for risk assessment through approaching system dynamics (SDs) technique. The application of the SDs model will help project managers model the magnitude of the impact of the risks on cost, time, and quality of the project based on the complex interaction of these risk variables.

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