Transcription of CLASSIFYING KEY RISK FACTORS IN CONSTRUCTION PROJECTS
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CLASSIFYING KEY RISK FACTORS IN CONSTRUCTION PROJECTS
BULETINUL INSTITUTULUI POLITEHNIC DIN IA I Publicat de Universitatea Tehnic Gheorghe Asachi din Ia i Tomul LVIII (LXII), Fasc. 2, 2012 Sec ia CONSTRUC II. ARHITECTUR CLASSIFYING KEY RISK FACTORS IN CONSTRUCTION PROJECTS BY PEJMAN REZAKHANI* Kyungpook National University, Korea Received: February 24, 2012 Accepted for publication: March 30, 2012 Abstract. Risk management is an important step in project success. It is the process of identifying, CLASSIFYING , analysing and assessing of inherent risks in a project. Due to the nature of the CONSTRUCTION PROJECTS which consists of many related and none-related operations, many risk FACTORS will contribute in a project.
in construction projects. Project management functions which have the most effect on risk management plan are categorized and an analysis of key risk factors in every category is described. Finally a hierarchical risk classification to cover all the effective key risk factors in construction projects is suggested. Case
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