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In this paper, we discuss few methods of measurement of project risk, such as probabilistic analysis, risk severity analysis and risk matrix method for the complex project such as Ahmedabad metro. The methodology used in this paper are primary data collection, where the major risk activities of metro rail infrastructure project were known through interactions with experts and questionnaire surveys. The identified risks were analyzed for likelihood, impact, severity of a project. This paper aims to compare different results found through the different type of qualitative as well as quantitative analysis methods and to know the common high rated risk factors.","grobid_abstract_attachment_id":"70844423"},"document_type":"paper","pre_hit_view_count_baseline":null,"quality":"high","language":"en","title":"RISK MANAGEMENT IN INFRASTRUCTURE PROJECT","broadcastable":true,"draft":null,"has_indexable_attachment":true,"indexable":true}}["work"]; window.loswp.workCoauthors = [31493941]; window.loswp.locale = "en"; window.loswp.countryCode = "SG"; window.loswp.cwvAbTestBucket = ""; window.loswp.designVariant = "ds_vanilla"; window.loswp.fullPageMobileSutdModalVariant = "control"; window.loswp.useOptimizedScribd4genScript = false; window.loswp.appleClientId = 'edu.academia.applesignon';</script><script defer="" src="https://accounts.google.com/gsi/client"></script><div class="ds-loswp-container"><div class="ds-work-card--grid-container"><div class="ds-work-card--container js-loswp-work-card"><div class="ds-work-card--cover"><div class="ds-work-cover--wrapper"><div class="ds-work-cover--container"><button class="ds-work-cover--clickable js-swp-download-button" data-signup-modal="{"location":"swp-splash-paper-cover","attachmentId":70844423,"attachmentType":"pdf"}"><img alt="First page of “RISK MANAGEMENT IN INFRASTRUCTURE PROJECT”" class="ds-work-cover--cover-thumbnail" src="https://0.academia-photos.com/attachment_thumbnails/70844423/mini_magick20211001-10164-givyuu.png?1633073737" /><img alt="PDF Icon" class="ds-work-cover--file-icon" src="//a.academia-assets.com/assets/single_work_splash/adobe.icon-574afd46eb6b03a77a153a647fb47e30546f9215c0ee6a25df597a779717f9ef.svg" /><div class="ds-work-cover--hover-container"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span><p>Download Free PDF</p></div><div class="ds-work-cover--ribbon-container">Download Free PDF</div><div class="ds-work-cover--ribbon-triangle"></div></button></div></div></div><div class="ds-work-card--work-information"><h1 class="ds-work-card--work-title">RISK MANAGEMENT IN INFRASTRUCTURE PROJECT</h1><div class="ds-work-card--work-authors ds-work-card--detail"><a class="ds-work-card--author js-wsj-grid-card-author ds2-5-body-md ds2-5-body-link" data-author-id="31493941" href="https://irjet.academia.edu/IRJET"><img alt="Profile image of IRJET Journal" class="ds-work-card--author-avatar" src="https://0.academia-photos.com/31493941/9304077/11813823/s65_irjet.journal.jpg" />IRJET Journal</a></div><div class="ds-work-card--detail"><div class="ds-work-card--work-metadata"><div class="ds-work-card--work-metadata__stat"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">visibility</span><p class="ds2-5-body-sm" id="work-metadata-view-count">…</p></div><div class="ds-work-card--work-metadata__stat"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">description</span><p class="ds2-5-body-sm">7 pages</p></div><div class="ds-work-card--work-metadata__stat"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">link</span><p class="ds2-5-body-sm">1 file</p></div></div><script>(async () => { const workId = 54518710; 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Risk assessment in megaproject is the most difficult component in the risk management process. Although it has high relevance to the success of megaprojects, risk management remains one of the least developed research issues. Megaprojects are executed in a dynamic environment and identified risks are to be prioritised based on their impact on project objectives of time cost and quality before they can be modelled .The present paper focuses on prioritising the technical risks associated with the construction of phase 1of Bangalore Metro Rail Project to assess its impact on the project objectives that helps in the decision support system of the project.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"RISK ANALYSIS AND DECISION SUPPORT IN TRANSPORTATION MEGAPROJECTS","attachmentId":54580813,"attachmentType":"pdf","work_url":"https://www.academia.edu/34723779/RISK_ANALYSIS_AND_DECISION_SUPPORT_IN_TRANSPORTATION_MEGAPROJECTS","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/34723779/RISK_ANALYSIS_AND_DECISION_SUPPORT_IN_TRANSPORTATION_MEGAPROJECTS"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="2" data-entity-id="66900126" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/66900126/A_quantitative_risk_assessment_methodology_for_construction_project">A quantitative risk assessment methodology for construction project</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="136031884" href="https://independent.academia.edu/JiteshThakkar">Jitesh Thakkar</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Sādhanā</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"A quantitative risk assessment methodology for construction project","attachmentId":77919302,"attachmentType":"pdf","work_url":"https://www.academia.edu/66900126/A_quantitative_risk_assessment_methodology_for_construction_project","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/66900126/A_quantitative_risk_assessment_methodology_for_construction_project"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="3" data-entity-id="67539336" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/67539336/Internal_and_external_risk_based_assesment_and_evaluation_for_the_large_infrastructure_projects">Internal and external risk based assesment and evaluation for the large infrastructure projects</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="49483523" href="https://independent.academia.edu/IvanaBurcarDunovi%C4%87">Ivana Burcar Dunović</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Journal of Civil Engineering and Management, 2016</p><p class="ds-related-work--abstract ds2-5-body-sm">The level of sensitivity to project success of large infrastructure projects is significantly greater in front-phase than in execution phase. Yet, due to focus on execution phase, methods for project assessment and on-going evaluation during front phases are insufficiently developed. On the other hand, risk management approaches has been moved from risk management towards holistic uncertainty management which is the most beneficial in front end phase of the project. This research identifies that majority of methods and techniques available does not support uncertainty management concept. The purpose of this paper is to develop and new method for risk based project assessment and evaluation integrating risk impact modelling using cumulative distribution curves (CDC) and multi-criteria project evaluation approach. Research is based on in-depth risk analysis of 15 large infrastructure projects using risk model of components and characteristics. The conclusion of the paper is verifica...</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Internal and external risk based assesment and evaluation for the large infrastructure projects","attachmentId":78317433,"attachmentType":"pdf","work_url":"https://www.academia.edu/67539336/Internal_and_external_risk_based_assesment_and_evaluation_for_the_large_infrastructure_projects","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/67539336/Internal_and_external_risk_based_assesment_and_evaluation_for_the_large_infrastructure_projects"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="4" data-entity-id="89360632" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/89360632/Risk_Identification_and_Analysis_in_the_Construction_Projects">Risk Identification and Analysis in the Construction Projects</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="235728592" href="https://independent.academia.edu/AshutoshNandkumarChandanshive">Ashutosh Nandkumar Chandanshive</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2018</p><p class="ds-related-work--abstract ds2-5-body-sm">Ashutosh Chandanshive, Arjita Biswas Researcher, Assistant Professor, Department of Civil Maharashta Institute of Technology, Pune, India ________________________________________________________________________________________________________ Abstract : Risk is present in every construction project and each construction project is unique. The risk factors influencing the projects are also different. If these risk factors are not addressed properly at planning stage, it can adversely affect the project performance. In this study, various risk factors were identified and classified according to their nature. Data related to risk measurement was collected through the questionnaire survey and by meeting personnel working in the construction industry. The risk factors were rated for the likelihood of their occurrence and impact was recorded for the projects under case study. These ratings were analyzed using SPSS software and possible correlations were developed for the critical factors....</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Risk Identification and Analysis in the Construction Projects","attachmentId":93174717,"attachmentType":"pdf","work_url":"https://www.academia.edu/89360632/Risk_Identification_and_Analysis_in_the_Construction_Projects","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/89360632/Risk_Identification_and_Analysis_in_the_Construction_Projects"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="5" data-entity-id="88997252" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/88997252/A_systematic_review_of_quantitative_risk_analysis_in_construction_of_mega_projects">A systematic review of quantitative risk analysis in construction of mega projects</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="47574959" href="https://independent.academia.edu/nabawymohamed">mohamed nabawy</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Ain Shams Engineering Journal, 2020</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"A systematic review of quantitative risk analysis in construction of mega projects","attachmentId":92874615,"attachmentType":"pdf","work_url":"https://www.academia.edu/88997252/A_systematic_review_of_quantitative_risk_analysis_in_construction_of_mega_projects","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/88997252/A_systematic_review_of_quantitative_risk_analysis_in_construction_of_mega_projects"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="6" data-entity-id="45098503" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/45098503/Risk_Management_IN_Infrastructure_Projects_IN_India">Risk Management IN Infrastructure Projects IN India</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="45347976" href="https://independent.academia.edu/THEIJESEditor">THE IJES Editor</a></div><p class="ds-related-work--abstract ds2-5-body-sm">-Managing risks in infrastructure construction projects has been recognized as a very important management process in order to achieve the project objectives in terms of time, cost, quality and scope. This paper aims to identify and analysis of risks associated with the infrastructure projects. Based on a comprehensive assessment of conditions of contracts, this paper identifies risks and classifies them into eight types. It is observed by qualitative risk analysis, opposition from social bodies, changes in design and suspension of work are recognized to influence the project objectives maximally.This study has been found that few suggestions to mitigate construction project risks. The contract documents are used as a tool to manage risk and client, contractors and investors need to establish risk management policy throughout the project life. It is concluded that clients, designers, contractor and government bodies must work cooperatively from the feasibility phase onward to address potential risks in time.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Risk Management IN Infrastructure Projects IN India","attachmentId":65661484,"attachmentType":"pdf","work_url":"https://www.academia.edu/45098503/Risk_Management_IN_Infrastructure_Projects_IN_India","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/45098503/Risk_Management_IN_Infrastructure_Projects_IN_India"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="7" data-entity-id="65103946" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/65103946/Risk_Assessment_for_Large_Scale_Transport_Infrastructure_Projects">Risk Assessment for Large-Scale Transport Infrastructure Projects</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="3333364" href="https://hj.academia.edu/IbrahimYitmen">Ibrahim Yitmen</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2019</p><p class="ds-related-work--abstract ds2-5-body-sm">The identification of risks in the planning phase of a project and the arrangement of impact values has become a fundamental basis of today&#39;s various construction projects. Despite robust and well- ...</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Risk Assessment for Large-Scale Transport Infrastructure Projects","attachmentId":76838919,"attachmentType":"pdf","work_url":"https://www.academia.edu/65103946/Risk_Assessment_for_Large_Scale_Transport_Infrastructure_Projects","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/65103946/Risk_Assessment_for_Large_Scale_Transport_Infrastructure_Projects"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="8" data-entity-id="87594262" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/87594262/RISK_ASSESSMENT_OF_CONSTRUCTION_BUILDING_PROJECTS">RISK ASSESSMENT OF CONSTRUCTION BUILDING PROJECTS</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="31493941" href="https://irjet.academia.edu/IRJET">IRJET Journal</a></div><p class="ds-related-work--metadata ds2-5-body-xs">IRJET, 2022</p><p class="ds-related-work--abstract ds2-5-body-sm">The construction industry has now turned out to be one of the fastest growing industries of today that has significant effect on the economy of India Large development projects when deferred cause increment in the general spending plan. The undertaking must be planned and sorted out property and precisely to finish it inside given time with good quality work. This study specify that all the construction projects, all over the world, have huge number of risks and to complete the project, efficiently and successfully, risk management is essential. The risks can be recognized by questionnaire survey. The risks are identified and then it is evaluated by various technique like qualitative analysis to know the occurrence probability of risk and impact of these risk on project goals. When any risk arises, they have severe or simple impact on project and it affects cost, schedule of project, time, and quality. Therefore, for the project to be succeed, the risk management is required.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"RISK ASSESSMENT OF CONSTRUCTION BUILDING PROJECTS","attachmentId":91760878,"attachmentType":"pdf","work_url":"https://www.academia.edu/87594262/RISK_ASSESSMENT_OF_CONSTRUCTION_BUILDING_PROJECTS","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/87594262/RISK_ASSESSMENT_OF_CONSTRUCTION_BUILDING_PROJECTS"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="9" data-entity-id="115055098" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/115055098/Integrating_Quantitative_and_Qualitative_Risk_Assessment_Models_for_Mega_Infrastructure_Ventures">Integrating Quantitative and Qualitative Risk Assessment Models for Mega Infrastructure Ventures</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="63276280" href="https://independent.academia.edu/sikihans">Dr. Sikander Hans</a></div><p class="ds-related-work--metadata ds2-5-body-xs"> International Journal of Scientific Research in Engineering and Management (IJSREM), 2024</p><p class="ds-related-work--abstract ds2-5-body-sm">This research paper delves into the critical domain of risk assessment for mega infrastructure ventures by proposing and evaluating an integrated approach that harmoniously combines quantitative and qualitative models. The study recognizes the multifaceted nature of risks in large-scale projects and addresses the limitations of singular assessment methodologies. Through an exhaustive literature review, the paper establishes the necessity of a holistic risk management strategy and outlines the methodology for integrating both quantitative and qualitative models. Drawing upon real-world case studies, the paper demonstrates the application of the proposed approach in diverse mega infrastructure settings. Results indicate a synergistic effect, offering a comprehensive understanding of risks that traditional methods might overlook. The integrated model not only enhances the accuracy and reliability of risk assessments but also provides valuable insights for effective decision-making. This innovative approach contributes to the advancement of risk management practices in the field, providing a solid foundation for future research and practical applications in the realm of mega infrastructure development.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Integrating Quantitative and Qualitative Risk Assessment Models for Mega Infrastructure Ventures","attachmentId":111575099,"attachmentType":"pdf","work_url":"https://www.academia.edu/115055098/Integrating_Quantitative_and_Qualitative_Risk_Assessment_Models_for_Mega_Infrastructure_Ventures","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/115055098/Integrating_Quantitative_and_Qualitative_Risk_Assessment_Models_for_Mega_Infrastructure_Ventures"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div></div></div><div class="ds-sticky-ctas--wrapper js-loswp-sticky-ctas hidden"><div class="ds-sticky-ctas--grid-container"><div class="ds-sticky-ctas--container"><button class="ds2-5-button js-swp-download-button" data-signup-modal="{"location":"continue-reading-button--sticky-ctas","attachmentId":70844423,"attachmentType":"pdf","workUrl":null}">See full PDF</button><button class="ds2-5-button ds2-5-button--secondary js-swp-download-button" data-signup-modal="{"location":"download-pdf-button--sticky-ctas","attachmentId":70844423,"attachmentType":"pdf","workUrl":null}"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span>Download PDF</button></div></div></div><div class="ds-below-fold--grid-container"><div class="ds-work--container js-loswp-embedded-document"><div class="attachment_preview" data-attachment="Attachment_70844423" style="display: none"><div class="js-scribd-document-container"><div class="scribd--document-loading js-scribd-document-loader" style="display: block;"><img alt="Loading..." src="//a.academia-assets.com/images/loaders/paper-load.gif" /><p>Loading Preview</p></div></div><div style="text-align: center;"><div class="scribd--no-preview-alert js-preview-unavailable"><p>Sorry, preview is currently unavailable. 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