Risk Management implementation and presenting the applicable methodology for its implementation in construction projects

Vitali Chulkov,Marat Kuzhin,A Mottaeva,Mohammad Sharif Akbari,Mukhammet Fakhratov,A Zheltenkov

doi:10.1051/e3sconf/202016410014

Abstract

The main task of the project manager is risk management. However, this task can be very complicated and inefficient if risk management is not considered from the beginning of the project. An effective risk management approach requires a systematic and appropriate approach, knowledge and experience. Studies of many projects have shown that both the owner and the contractor do not regularly implement risk management practices, which can have negative consequences on project performance. Because of the above-mentioned issues in this study, it is attempted to first evaluate the concepts of project risk management based on different and valid standards, to evaluate risk management in construction projects. Then, an attempt has been made to present an implementation approach for implementing six stages of risk management in projects. For this purpose, based on the experiences of the project “Lala Residential Complex” in Kabul, as a case study, the experimental application of the proposed method in this study, step by step, along with forms designed for follow-up and Implementation of process steps have been evaluated and evaluated in accordance with the PMBOK standard by the Project Management Institute (PMI) to ensure that it is moving toward achieving project economic risk management goals.

Highlights

Various definitions of risk management and its stages provided so far, all three main areas of identification, evaluation, and control observed
In risk management systems developed for highly uncertain environments, especially concerning land and engineering activities, there is a strong emphasis on risk identification and control processes [1]
That in the primary design phase, a qualitative risk assessment, based on identifying the potential risk in the construction work expected in each particular project, as well as covering all the types of risks considered in the risk policy formulated by the employer, must be follow-up properly [2]

Summary

Introduction

Various definitions of risk management and its stages provided so far, all three main areas of identification, evaluation, and control observed. In risk management systems developed for highly uncertain environments, especially concerning land and engineering activities, there is a strong emphasis on risk identification and control processes [1]. It should be noted, that in the primary design phase, a qualitative risk assessment, based on identifying the potential risk in the construction work expected in each particular project, as well as covering all the types of risks considered in the risk policy formulated by the employer, must be follow-up properly [2]. Implementing a qualitative risk assessment approach initially has the essential advantage of preventing time and cost savings in later stages of risk assessment. In small and large-scale projects, technical complexity plays a major role in the risks, but in many cases is not considered to be the main reason for the increase in costs and time [3]

Objectives

Methods

Results

Discussion

Conclusion