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Article
The Methodology of Risk Assessment in the Planning of Construction Projects
Author(s)
Elżbieta Szafranko
Full-Text PDF XML 348 Views
DOI:10.17265/2328-2185/2017.04.006
Affiliation(s)
University of Warmia and Mazury, Olsztyn, Poland
ABSTRACT
Any
investment project bears some burden of risk. An investor who plans to carry
out a building investment must be aware of the hazards that can be encountered
while pursuing the project. Risk analysis can be supported by multi-criteria
methods, which allow the user to assess the risk level while taking into
account various risk-affecting factors. The aim of this article is to present
and compare methods for estimating the level of risk. The article shows an
example of risk assessment using methods Preliminary Hazard Assessment, Hazard
Matrix and the method not used to this type of calculation Indicator method. Conducted
in Article calculations show the possibility of using methods from the group of
multi-criteria analysis and the results show the usefulness of the methodology
developed by the author. This analysis involves a construction development
designed for the tourism business. This is an interesting example due to the
specific nature of the object and its location. The calculations take into
account the difficult implementation conditions and the results show what you
should pay attention to when planning investment.
KEYWORDS
construction activities, risk management, risk estimation, matrix method, indicator method
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