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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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