“A Case Study for Identification and Analysis of Construction Project Risks in Vadodara City”

Abstract

This study focuses on exploring the nature and causes of risks for construction projects for building construction in Vadodara City in India. Recent developments present several risks that affect the project; these are financial, legal environmental-social risks, safety risks as well as technical risks that relate to residential, commercial and infrastructural developments. The research combines both qualitative and quantitative approaches to estimating and assessing risks by applying site visits, interviews, and documentation surveys. Some of the regularly seen risks include weather, people and material-related issues, and legal concerns. The three key areas collectively affect cost, planning and quality of a project includes increasing planning efforts, management of construction stakeholders and the strategy of incorporating greater flexibility in the risk management of construction projects to improve the success rate of these projects.