Risk Assessment in Construction Projects Using the Grey Theory
Journal Title: Journal of Engineering Management and Systems Engineering - Year 2022, Vol 1, Issue 2
Abstract
Construction projects are of a particular nature and are affected by many factors, which exposes them to risks due to the long implementation period and the multiplicity of phases from the project idea phase through the implementation phase to the final delivery of the project, which leads to increased uncertainty and increased likelihood of these risks. This paper examines the risks in construction projects in Libya, and their impact on project objectives. This research identified risks in construction projects based on previous studies and a number of interviews with experts in construction projects, as well as field visits to project sites. On this basis, a questionnaire was prepared to locate and identify the risks that construction projects may face and was distributed to a number of local companies affiliated to the Libyan state operating in the construction sector. After the compilation of the questionnaire, the risks were analyzed qualitatively and quantitatively to determine the impact of each risk and the probability of its occurrence. The results of the study showed that 28% of the risks are certain and high, and 53% of the risks affect the project implementation time to a high degree. The results also showed a strong correlation between the probability of occurrence of the risks. Grey theory was used to weigh and rank the most important risks, and the most important of these was the insufficient manpower, material and equipment criterion.
Authors and Affiliations
Ibrahim Badi, Mouhamed Bayane Bouraima, Muhammad Lawan Jibril
Keywords
Related Articles
- EP ID EP731824
- DOI 10.56578/jemse010203
- Views 63
- Downloads 0
Mitigating Construction Delays in Iran: An Empirical Evaluation of Building Information Modeling and Integrated Project Delivery
Project delays pose a substantial challenge in the construction sector. The primary objective of this research is to discern the root causes of project delays in the construction industry and proffer potential solutions,...
Geometrical Precision and Surface Topography of mSLA-Produced Surgical Guides for the Knee Joint
In this study, the precision of anatomical models and surgical guides pertaining to the knee joint, fabricated using the mSLA technique, was critically examined. The ITK-SNAP program was employed for the segmentation and...
Enhanced Acoustic Attenuation Performance of a Novel Absorptive Muffler: A Helmholtz Equation-Based Simulation Study
This investigation delves into the noise attenuation capabilities of an innovatively designed muffler, which integrates additional piping and perforation to augment sound reflection. The enhanced muffler's design was rig...
Isogeometric Finite Element Analysis with Machine Learning Integration for Piezoelectric Laminated Shells
Innovative lightweight smart structures incorporating piezoelectric material-based active elements, both as sensors and actuators, have been identified to present manifold advantages over traditional passive systems. Suc...
Utilizing the Enterprise Architecture Model to Develop the Structure of Public Sector Entities in Saudi Arabia
The current research is to profit from the science of enterprise architecture (Enterprise Architecture) and its application in building the structure of government sector institutions in the Kingdom of Saudi Arabia, in a...