Risk management framework for Continuous Flight Auger piles construction in Egypt

Abstract

Performing risk management in construction industry has a potential effect on project success. Achieving schedule, cost, quality and other objectives are highly dependent on applying an effective risk management approach. The main purpose of this study is to construct a specific risk management framework for managing Continuous Flight Auger (CFA) piles construction in the Egyptian working conditions to uncover the potential risk categories facing this work package, identifying their causes, behavior of occurrence and effect on project objectives. The identified risks are then prioritized to focus on the most effective elements to optimize risk responses. The study went through planning proactive and/or reactive risk responses for high and moderate risks to enhance positive risks (opportunities) and reduce negative risks (threats) so that the project can smoothly achieve the needs for which it was undertaken. The structured framework will be integrated later with the previously developed time and cost estimating modules to develop an Integrated Management Model (IMM) for (CFA) piles construction to provide more accurate risk data and consequently more reliable time and cost estimates. The framework was presented to a sample of specialized performing organizations to be applied in their projects where the feedback shows a cost and schedule reduction based on considering this framework as a guide to manage risks in their (CFA) projects.