Analysis of Risk Involved in the High-Rise Building of Fast-Track Construction Projects Using Direct Questionnaire Survey and SWOT Method

Abstract

Implementing massive construction projects with enormous-scale construction and engineering endeavors is dangerous, and assessing the risks associated with those enormous projects is a vital success component. This paper outlines the strategic approach that will be adopted on high-rise buildings for fast-track construction projects for identification, risk evaluation, qualitative and quantitative risk techniques, mitigation and response planning, monitoring and control, communication, liaison, and reporting. To this end, two methods were adopted for the construction of 24 high-rise buildings in Pune, India, using a questionnaire survey and by strengths, weaknesses, opportunities, and threats (SWOT) analysis. A questionnaire survey is done based on the identified risk, and the views of various industrial experts have been taken. The further analysis is done by means of SciPy in Python, and the weightage and ranking of the risk have been found using a correlation matrix.