"A STUDY ON EFFECTIVENESS OF INCORPORATING RISK MANAGEMENT TECHNIQUE IN SCHEDULING OF A RESIDENTIAL APARTMENT"

Authors

Karthik Nadig S & Thanushree Hegde
Department of CivilEngineering N.M.A.M.I.T, Visvesvaraya Technological University Nitte,Karkala Taluk, Udupi Dist, Karnataka, India.

Abstract

In any country, infrastructure development will increase the growth of countries economy and generates the large amount of job opportunities. Hence those projects involve a large amount of investment to carry out. In view of that, if any sort of wastage (either time, resources etc) occurs that would lead to the huge monetary losses. These losses occur due to various risks associated with such mega projects. Consequently, these risks play a crucial role for the completion of project within the time schedule and planned budget. These types of problems can be eliminated by risk management. By applying the risk management technique, the project can be completed within the given time and budgeted cost. It also helps in improving the quality of the work. So, study of risk management tec has become one of the most important criteria in construction nowadays. It also helps in reducing the nonvalue-added activities in construction work. In this project we incorporate risk management technique in scheduling apartment building located in Bengaluru, by using Primavera software.