Transcription of ANALYSIS OF MAJOR RISKS IN CONSTRUCTION PROJECTS
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ANALYSIS OF MAJOR RISKS IN CONSTRUCTION PROJECTS
VOL. 11, NO. 11, JUNE 2016 ISSN 1819-6608. ARPN Journal of Engineering and Applied Sciences 2006-2016 Asian Research Publishing Network (ARPN). All rights reserved. ANALYSIS OF MAJOR RISKS IN CONSTRUCTION PROJECTS . K. Jayasudha and B. Vidivelli Department of Civil and Structural Engineering Annamalai University, Chidambaram, Tamil Nadu, India E-Mail: ABSTRACT. Risk management is thus in direct relation to the successful project completion. Project management literature describes a detailed and widely accepted risk management process, which is constructed basically from four iterative phases: risk identification, risk estimation, risk response planning and execution, often managing the risk management process is included.
operational. A technical risk is the inability to build the product that will satisfy requirements. An operational risk is the inability of the customer to work with core team members. Risks are either acceptable or unacceptable. An acceptable risk is one that negatively affects a task on the non-critical path. An unacceptable risk is one that
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