Optimization of Risk Allocation in Construction Project Investigation
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Thesis and Dissertation
AI Summary
This thesis investigates the optimization of risk allocation in construction projects, addressing the high risks inherent in the construction industry and their impact on project participants. It reviews existing literature on construction risk management and risk management processes, identifying a gap in capturing the impact of risks based on research objectives. The study aims to analyze risk allocation methods for reducing risks in construction projects, utilizing survey data to review risk classifications and sources. Key areas explored include factors causing time and cost overruns, the effect of construction delays on project success, and the application of risk allocation methods. Data analysis includes quantitative methods and regression analysis to test hypotheses related to risk allocation and project outcomes. The research concludes with recommendations for improving risk management practices in the construction industry, while also acknowledging the limitations of the study and suggesting areas for further research. Desklib provides access to this thesis and other study resources for students.
Running head: INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN
CONSTRUCTION PROJECTS
Investigation of Optimization of Risk Allocation in Construction Projects
Name of the Student:
Name of the University:
CONSTRUCTION PROJECTS
Investigation of Optimization of Risk Allocation in Construction Projects
Name of the Student:
Name of the University:
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INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Abstract
In the construction industry, the concept of risk management is taken as a procedure to identify,
allocate the resource and mitigate the risks which are occurred into the construction industry.
Higher the risks in the construction, it provides with higher effect on the project participants,
while the construction management is required in the industry to manage and handle the risks.
The paper is tending to review the existing literature based on the construction risk management
and risk management processes. The literature study is lacked to processes of risk management
which has ability to capture impact of risks based on selected research objectives. The study is
aimed to review the methods of risk allocation used to reduce risks from the construction project
industry. The survey is used to collect data and information to review various risk classification
as well as sources in existing literature study work.
Keywords: Risk management, risk allocation, risk classification, construction management.
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Abstract
In the construction industry, the concept of risk management is taken as a procedure to identify,
allocate the resource and mitigate the risks which are occurred into the construction industry.
Higher the risks in the construction, it provides with higher effect on the project participants,
while the construction management is required in the industry to manage and handle the risks.
The paper is tending to review the existing literature based on the construction risk management
and risk management processes. The literature study is lacked to processes of risk management
which has ability to capture impact of risks based on selected research objectives. The study is
aimed to review the methods of risk allocation used to reduce risks from the construction project
industry. The survey is used to collect data and information to review various risk classification
as well as sources in existing literature study work.
Keywords: Risk management, risk allocation, risk classification, construction management.
2
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Acknowledgement
The research is conducted to enrich the experience of my life. The research enhances my
knowledge and skills on the selected research topic. With gaining of the knowledge, it gives me
opportunity to face some challenges and overcome them. Without the guidance of my professors,
friends and family, I would not able to complete the study. They all contribute me to enhance my
knowledge on the research topic. I would also like to thank my supervisor -------------- for
providing me constant support and guidance during the entire research process. Without all their
help, I am not able to collect primary data and valuable resources. Finally, I would also like to
thank the professionals from the construction Industry who help me to participate in the survey.
It also provides us valuable results for the project work. All their support inspires and enlightens
me to go through the research process.
Heartfelt thanks and warmest wishes,
Yours Sincerely,
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Acknowledgement
The research is conducted to enrich the experience of my life. The research enhances my
knowledge and skills on the selected research topic. With gaining of the knowledge, it gives me
opportunity to face some challenges and overcome them. Without the guidance of my professors,
friends and family, I would not able to complete the study. They all contribute me to enhance my
knowledge on the research topic. I would also like to thank my supervisor -------------- for
providing me constant support and guidance during the entire research process. Without all their
help, I am not able to collect primary data and valuable resources. Finally, I would also like to
thank the professionals from the construction Industry who help me to participate in the survey.
It also provides us valuable results for the project work. All their support inspires and enlightens
me to go through the research process.
Heartfelt thanks and warmest wishes,
Yours Sincerely,
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INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Table of Contents
Chapter 1: Introduction..................................................................................................................10
1.1 Background of the study......................................................................................................10
1.2 Aim of the study..................................................................................................................11
1.3 Objectives of the research study..........................................................................................11
1.4 Research questions...............................................................................................................12
1.5 Research hypothesis.............................................................................................................13
1.6 Problem statement...............................................................................................................13
1.7 Rationale of the study..........................................................................................................14
1.8 Outline of the research methodology...................................................................................14
1.9 Structure of the study...........................................................................................................15
1.10 Chapter summary...............................................................................................................16
Chapter 2: Literature Review.........................................................................................................17
2.1 Introduction..........................................................................................................................17
2.2 Types of risk in construction industry.................................................................................18
2.3 Assessment of construction project.....................................................................................22
2.4 Risk allocation methods and mechanisms...........................................................................24
2.5 Risk Management Plan........................................................................................................27
2.6 Problems that are related with the risk allocation methods.................................................30
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Table of Contents
Chapter 1: Introduction..................................................................................................................10
1.1 Background of the study......................................................................................................10
1.2 Aim of the study..................................................................................................................11
1.3 Objectives of the research study..........................................................................................11
1.4 Research questions...............................................................................................................12
1.5 Research hypothesis.............................................................................................................13
1.6 Problem statement...............................................................................................................13
1.7 Rationale of the study..........................................................................................................14
1.8 Outline of the research methodology...................................................................................14
1.9 Structure of the study...........................................................................................................15
1.10 Chapter summary...............................................................................................................16
Chapter 2: Literature Review.........................................................................................................17
2.1 Introduction..........................................................................................................................17
2.2 Types of risk in construction industry.................................................................................18
2.3 Assessment of construction project.....................................................................................22
2.4 Risk allocation methods and mechanisms...........................................................................24
2.5 Risk Management Plan........................................................................................................27
2.6 Problems that are related with the risk allocation methods.................................................30
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INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
2.7 Optimal risk allocation and its related factors.....................................................................31
2.8 Literature Gap......................................................................................................................32
2.9 Summary..............................................................................................................................32
Chapter 3: Research Methodology................................................................................................34
3.1 Introduction..........................................................................................................................34
3.2 Method Outline....................................................................................................................34
3.3 Research Philosophy............................................................................................................35
3.3.1 Justification for selection of the chosen Philosophy.....................................................36
3.4 Research Approach..............................................................................................................37
3.4.1 Justification for selection of the chosen Approach.......................................................37
3.5 Research Design..................................................................................................................37
3.5.1 Justification for selection of the chosen Design...........................................................38
3.6 Data Collection Method.......................................................................................................39
3.6.1 Data Sources: Primary and Secondary.........................................................................39
3.6.2 Data Techniques: Qualitative and Quantitative............................................................40
3.7 Population and Sample........................................................................................................40
3.7.1 Sampling Technique.....................................................................................................41
3.7.2 Sample Size..................................................................................................................41
3.8 Ethical Considerations.........................................................................................................41
3.9 Research Limitations...........................................................................................................42
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
2.7 Optimal risk allocation and its related factors.....................................................................31
2.8 Literature Gap......................................................................................................................32
2.9 Summary..............................................................................................................................32
Chapter 3: Research Methodology................................................................................................34
3.1 Introduction..........................................................................................................................34
3.2 Method Outline....................................................................................................................34
3.3 Research Philosophy............................................................................................................35
3.3.1 Justification for selection of the chosen Philosophy.....................................................36
3.4 Research Approach..............................................................................................................37
3.4.1 Justification for selection of the chosen Approach.......................................................37
3.5 Research Design..................................................................................................................37
3.5.1 Justification for selection of the chosen Design...........................................................38
3.6 Data Collection Method.......................................................................................................39
3.6.1 Data Sources: Primary and Secondary.........................................................................39
3.6.2 Data Techniques: Qualitative and Quantitative............................................................40
3.7 Population and Sample........................................................................................................40
3.7.1 Sampling Technique.....................................................................................................41
3.7.2 Sample Size..................................................................................................................41
3.8 Ethical Considerations.........................................................................................................41
3.9 Research Limitations...........................................................................................................42
5
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
3.10 Time Horizons...................................................................................................................42
3.11 Summary............................................................................................................................44
Chapter 4: Data Analysis and Results...........................................................................................46
4.1 Introduction..........................................................................................................................46
4.2 Quantitative Data Analysis..................................................................................................46
4.3 Regression Analysis.............................................................................................................83
4.4 Summary..............................................................................................................................89
Chapter 5: Discussion....................................................................................................................91
Chapter 6: Conclusion and Recommendations..............................................................................95
6.1 Conclusion...........................................................................................................................95
6.2 Linking with the objectives.................................................................................................96
6.3 Recommendations................................................................................................................98
6.4 Limitation of the study.........................................................................................................99
6.5 Further scope of the study..................................................................................................100
References....................................................................................................................................101
Appendix......................................................................................................................................105
Survey Questionnaires.............................................................................................................105
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
3.10 Time Horizons...................................................................................................................42
3.11 Summary............................................................................................................................44
Chapter 4: Data Analysis and Results...........................................................................................46
4.1 Introduction..........................................................................................................................46
4.2 Quantitative Data Analysis..................................................................................................46
4.3 Regression Analysis.............................................................................................................83
4.4 Summary..............................................................................................................................89
Chapter 5: Discussion....................................................................................................................91
Chapter 6: Conclusion and Recommendations..............................................................................95
6.1 Conclusion...........................................................................................................................95
6.2 Linking with the objectives.................................................................................................96
6.3 Recommendations................................................................................................................98
6.4 Limitation of the study.........................................................................................................99
6.5 Further scope of the study..................................................................................................100
References....................................................................................................................................101
Appendix......................................................................................................................................105
Survey Questionnaires.............................................................................................................105
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INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
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Table of Figures
Figure 4.1: Gender.........................................................................................................................47
Figure 4.2: Age group....................................................................................................................48
Figure 4.3: Position of the respondents.........................................................................................49
Figure 4.4: Experience in the construction industry......................................................................50
Figure 4.5: Knowledge about the risk management in the construction project...........................51
Figure 4.6: Construction project implementation is done based on cost, functionality and time..52
Figure 4.7: Risk identification carried out in the construction project..........................................54
Figure 4.8: Health and safety is the main concern in the construction project..............................55
Figure 4.9: High influence of the construction project..................................................................57
Figure 4.10: Risk allocation is required in the construction project..............................................58
Figure 4.11: Deviation in the construction project in terms of cost and time parameters.............60
Figure 4.12: Optimal risk allocation in construction project.........................................................61
Figure 4.13: Requirement of construction in construction project................................................63
Figure 4.14: Collaboration and trust create key significance positive relations............................65
Figure 4.15: Communicating with identified risks and opportunities in procurement phase........66
Figure 4.16: Design and build is the procurement approach.........................................................68
Figure 4.17: Location and site conditions can affect the construction project..............................70
Figure 4.18: Design documents approved on time........................................................................71
Figure 4.19: Construction work should adhere to quality standards.............................................72
Figure 4.20: Formal organization structure required for resolution of disputes in the project......74
Figure 4.21: Contractor require technical skills and experience...................................................76
Figure 4.22: Project execution affected by weather as well as climatic conditions......................77
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Table of Figures
Figure 4.1: Gender.........................................................................................................................47
Figure 4.2: Age group....................................................................................................................48
Figure 4.3: Position of the respondents.........................................................................................49
Figure 4.4: Experience in the construction industry......................................................................50
Figure 4.5: Knowledge about the risk management in the construction project...........................51
Figure 4.6: Construction project implementation is done based on cost, functionality and time..52
Figure 4.7: Risk identification carried out in the construction project..........................................54
Figure 4.8: Health and safety is the main concern in the construction project..............................55
Figure 4.9: High influence of the construction project..................................................................57
Figure 4.10: Risk allocation is required in the construction project..............................................58
Figure 4.11: Deviation in the construction project in terms of cost and time parameters.............60
Figure 4.12: Optimal risk allocation in construction project.........................................................61
Figure 4.13: Requirement of construction in construction project................................................63
Figure 4.14: Collaboration and trust create key significance positive relations............................65
Figure 4.15: Communicating with identified risks and opportunities in procurement phase........66
Figure 4.16: Design and build is the procurement approach.........................................................68
Figure 4.17: Location and site conditions can affect the construction project..............................70
Figure 4.18: Design documents approved on time........................................................................71
Figure 4.19: Construction work should adhere to quality standards.............................................72
Figure 4.20: Formal organization structure required for resolution of disputes in the project......74
Figure 4.21: Contractor require technical skills and experience...................................................76
Figure 4.22: Project execution affected by weather as well as climatic conditions......................77
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INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Figure 4.23: Risk management is done by adequate design and construction documentations....79
Figure 4.24: Risk allocation is done based on level of the technological sophistication..............81
Figure 4.25: Project is allocated to right resources........................................................................82
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Figure 4.23: Risk management is done by adequate design and construction documentations....79
Figure 4.24: Risk allocation is done based on level of the technological sophistication..............81
Figure 4.25: Project is allocated to right resources........................................................................82
8
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Table of Tables
Table 3.1: Research timeline.........................................................................................................44
Table 4.1: Gender..........................................................................................................................47
Table 4.2: Age group.....................................................................................................................48
Table 4.3: Position of the respondents...........................................................................................49
Table 4.4: Experience in the construction industry.......................................................................50
Table 4.5: Knowledge about the risk management in the construction project.............................51
Table 4.6: Construction project implementation is done based on cost, functionality and time...52
Table 4.7: Risk identification carried out in the construction project...........................................54
Table 4.8: Health and safety is the main concern in the construction project...............................55
Table 4.9: High influence of the construction project...................................................................57
Table 4.10: Risk allocation is required in the construction project...............................................58
Table 4.11: Deviation in the construction project in terms of cost and time parameters..............60
Table 4.12: Optimal risk allocation in construction project..........................................................61
Table 4.13: Requirement of construction in construction project.................................................63
Table 4.14: Collaboration and trust create key significance positive relations.............................64
Table 4.15: Communicating with identified risks and opportunities in procurement phase.........66
Table 4.16: Design and build is the procurement approach..........................................................68
Table 4.17: Location and site conditions can affect the construction project...............................69
Table 4.18: Design documents approved on time.........................................................................71
Table 4.19: Construction work should adhere to quality standards...............................................72
Table 4.20: Formal organization structure required for resolution of disputes in the project.......74
Table 4.21: Contractor require technical skills and experience.....................................................76
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Table of Tables
Table 3.1: Research timeline.........................................................................................................44
Table 4.1: Gender..........................................................................................................................47
Table 4.2: Age group.....................................................................................................................48
Table 4.3: Position of the respondents...........................................................................................49
Table 4.4: Experience in the construction industry.......................................................................50
Table 4.5: Knowledge about the risk management in the construction project.............................51
Table 4.6: Construction project implementation is done based on cost, functionality and time...52
Table 4.7: Risk identification carried out in the construction project...........................................54
Table 4.8: Health and safety is the main concern in the construction project...............................55
Table 4.9: High influence of the construction project...................................................................57
Table 4.10: Risk allocation is required in the construction project...............................................58
Table 4.11: Deviation in the construction project in terms of cost and time parameters..............60
Table 4.12: Optimal risk allocation in construction project..........................................................61
Table 4.13: Requirement of construction in construction project.................................................63
Table 4.14: Collaboration and trust create key significance positive relations.............................64
Table 4.15: Communicating with identified risks and opportunities in procurement phase.........66
Table 4.16: Design and build is the procurement approach..........................................................68
Table 4.17: Location and site conditions can affect the construction project...............................69
Table 4.18: Design documents approved on time.........................................................................71
Table 4.19: Construction work should adhere to quality standards...............................................72
Table 4.20: Formal organization structure required for resolution of disputes in the project.......74
Table 4.21: Contractor require technical skills and experience.....................................................76
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INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Table 4.22: Project execution affected by weather as well as climatic conditions........................77
Table 4.23: Risk management is done by adequate design and construction documentations.....79
Table 4.24: Risk allocation is done based on level of the technological sophistication................81
Table 4.25: Project is allocated to right resources.........................................................................82
Table 4.26: Summary output of regression analysis conducted for hypothesis 1.........................84
Table 4.27: ANOVA table of regression analysis conducted for hypothesis 1.............................85
Table 4.28: Coefficient table of regression analysis conducted for hypothesis 1.........................86
Table 4.29: Summary output of regression analysis conducted for hypothesis 2.........................87
Table 4.30: ANOVA table of regression analysis conducted for hypothesis 2.............................87
Table 4.31: Coefficient table of regression analysis conducted for hypothesis 2.........................88
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Table 4.22: Project execution affected by weather as well as climatic conditions........................77
Table 4.23: Risk management is done by adequate design and construction documentations.....79
Table 4.24: Risk allocation is done based on level of the technological sophistication................81
Table 4.25: Project is allocated to right resources.........................................................................82
Table 4.26: Summary output of regression analysis conducted for hypothesis 1.........................84
Table 4.27: ANOVA table of regression analysis conducted for hypothesis 1.............................85
Table 4.28: Coefficient table of regression analysis conducted for hypothesis 1.........................86
Table 4.29: Summary output of regression analysis conducted for hypothesis 2.........................87
Table 4.30: ANOVA table of regression analysis conducted for hypothesis 2.............................87
Table 4.31: Coefficient table of regression analysis conducted for hypothesis 2.........................88
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INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
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Chapter 1: Introduction
1.1 Background of the study
The thesis report is summarizing on “Investigation of Optimization of Risk Allocation in
Construction Projects”. Ameyaw and Chan (2015) stated that as compared to the other industry,
risks are involved into the construction industry at higher rate. An accurate assessment of the
risks are concerned into the construction project will aid to identify the processes to allocate and
minimize the risks. Reduction of the project risks would provide larger profits into the
construction industry. Barr and McClellan (2018) argued that allocation of the development
resources will direct to reduce in friction among the employees those are working at the
construction site, therefore there is an increase into efficiency of the construction project. This
particular thesis study would measures the risk allocation methods which are taken into
considerations into the construction industry for optimization of project risks. Each of the project
risks are allocated with resources so that it is taken as best possible way to measure the risks.
In practice of risk optimization as well as risk allocation, there is higher increase in
probability of the project risks. Most of the construction industry faces risks such as time as well
as financial project risks. El-Sayegh and Mansour (2015) emphasized that there is higher project
risks such as health along with safety risks, which are mostly occurred among the employees
those are working at the construction site. According to Farnsworthet al., (2015), risk allocation
is needed into the risk management arrangement such that the investigator can able to assign the
risks to overcome all the project related construction risks. Risk allocation shows that there is
proper allocation of resources so that they can link with project benefits and failures connected
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
Chapter 1: Introduction
1.1 Background of the study
The thesis report is summarizing on “Investigation of Optimization of Risk Allocation in
Construction Projects”. Ameyaw and Chan (2015) stated that as compared to the other industry,
risks are involved into the construction industry at higher rate. An accurate assessment of the
risks are concerned into the construction project will aid to identify the processes to allocate and
minimize the risks. Reduction of the project risks would provide larger profits into the
construction industry. Barr and McClellan (2018) argued that allocation of the development
resources will direct to reduce in friction among the employees those are working at the
construction site, therefore there is an increase into efficiency of the construction project. This
particular thesis study would measures the risk allocation methods which are taken into
considerations into the construction industry for optimization of project risks. Each of the project
risks are allocated with resources so that it is taken as best possible way to measure the risks.
In practice of risk optimization as well as risk allocation, there is higher increase in
probability of the project risks. Most of the construction industry faces risks such as time as well
as financial project risks. El-Sayegh and Mansour (2015) emphasized that there is higher project
risks such as health along with safety risks, which are mostly occurred among the employees
those are working at the construction site. According to Farnsworthet al., (2015), risk allocation
is needed into the risk management arrangement such that the investigator can able to assign the
risks to overcome all the project related construction risks. Risk allocation shows that there is
proper allocation of resources so that they can link with project benefits and failures connected
11
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
with risk identification in the construction projects. Mainly, there are schedule and cost risks as
there is delay in the project because of project construction work complexity, handling of the
project resources as well as failure into the construction equipments and machineries and the cost
is also affected (Iqbal et al, 2015). The thesis paper will demonstrate how the governments can
get ability to reduce the likelihood of the project impacts by leveraging of the technical
advantages into the market.
1.2 Aim of the study
The aim of this research study is identification as well as investigation of optimization
techniques along with risk allocation processes into the construction project. The study is based
to identify the project construction risks and investigate on risk allocation techniques which are
required to conquer with the project risks. There should be proper allotment of the resources to
each project risks so that it can provide positive impact on the project success in the building
project plan. The thesis study is based on producing and analyzing a risk management
framework so that there is suitable supervision of the project dangers in the construction project.
The construction project is entailed conclusion of its project on instance plus in estimated cost.
The probability of conclusion of the development on scheduled time in allocated budget is
defined as the construction risks. Therefore, there is required to optimization such as utilization
of the project resources to finish the project effort on instance. This particular research study
would examine how superiority risks into the building construction projects are to be supervised.
1.3 Objectives of the research study
The research study is based on investigating various risk allocation methods so that there
is appropriate assessment of the construction risks. In order to analyze the hindrances in the
construction project work, it gives a huge effect on the completion time of the project. The risk
INVESTIGATION OF OPTIMIZATION OF RISK ALLOCATION IN CONSTRUCTION
PROJECTS
with risk identification in the construction projects. Mainly, there are schedule and cost risks as
there is delay in the project because of project construction work complexity, handling of the
project resources as well as failure into the construction equipments and machineries and the cost
is also affected (Iqbal et al, 2015). The thesis paper will demonstrate how the governments can
get ability to reduce the likelihood of the project impacts by leveraging of the technical
advantages into the market.
1.2 Aim of the study
The aim of this research study is identification as well as investigation of optimization
techniques along with risk allocation processes into the construction project. The study is based
to identify the project construction risks and investigate on risk allocation techniques which are
required to conquer with the project risks. There should be proper allotment of the resources to
each project risks so that it can provide positive impact on the project success in the building
project plan. The thesis study is based on producing and analyzing a risk management
framework so that there is suitable supervision of the project dangers in the construction project.
The construction project is entailed conclusion of its project on instance plus in estimated cost.
The probability of conclusion of the development on scheduled time in allocated budget is
defined as the construction risks. Therefore, there is required to optimization such as utilization
of the project resources to finish the project effort on instance. This particular research study
would examine how superiority risks into the building construction projects are to be supervised.
1.3 Objectives of the research study
The research study is based on investigating various risk allocation methods so that there
is appropriate assessment of the construction risks. In order to analyze the hindrances in the
construction project work, it gives a huge effect on the completion time of the project. The risk
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