Critical risk identification in construction projects using 2D and 3D risk matrices
Shamal Ali Othman, Dalshad Kakasor Ismael Jaff, Ahmet Öztaş
TL;DR
This study identifies and prioritizes construction risks using 2D and 3D risk matrices to improve project planning and risk management.
Contribution
The novelty lies in combining WBS and RBS with 3D risk matrices to better assess cost and time impacts of construction risks.
Findings
3D risk matrices combining cost and time impact provide more accurate risk prioritization than 2D matrices.
63 risk factors were identified and categorized into five construction areas.
378 engineers participated in estimating risk probability and impact.
Abstract
Construction projects are exposed to numerous risks that may adversely affect project cost and duration. The purpose of this study is to identify and prioritize key construction risks by combining a Work Breakdown Structure (WBS) with a Risk Breakdown Structure (RBS) and analyzing these risks using two-dimensional (2D) and three-dimensional (3D) risk matrices. In total, 63 risk factors were identified and categorized into five main areas of the work breakdown structure: earthwork, concrete, finishing, mechanical, and electrical. The questionnaire was designed based on each risk category and then sent to engineers, who were asked to estimate the risk probability and its impact. In total, 378 engineers responded. The respondents data were analyzed by using the risk matrix method. Two separate 3D risk matrices were made: one was based on multiplying all three data points, and the other was…
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Taxonomy
TopicsConstruction Project Management and Performance · Occupational Health and Safety Research · BIM and Construction Integration