Risk Analysis and Decision Support in Transportation Megaprojects

Home , Structural engineering

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Manuscript ID : 00000-63559 Source ID : 00000001

International Journal of Civil Engineering and Technology

Volume 8, Issue 7, July 2017, Pages 836-845, Page Count - 10

RISK ANALYSIS AND DECISION SUPPORT IN TRANSPORTATION MEGAPROJECTS

Debalina Banerjee (1) P. Jagadeesh (2) Ramamohan Rao .P (3)

(1) School of Civil and Chemical Engineering, Research scholar, Vellore Institute of Technology, Vellore, India. (2) School of Civil and Chemical Engineering, Vellore Institute of Technology, Vellore, Tamil Nadu, India. (3) Centre for Disaster mitigation and Management, Professor, Vellore Institute of Technology, Vellore, India.

Abstract A construction megaproject is defined in literature as a construction project, or aggregate of such projects, characterized by magnified cost, extreme complexity, increased risk, lofty ideals, and high visibility, in a combination that represents a significant challenge to the stakeholders, a significant impact to the community, and pushes the limits of construction experience. Risk assessment in megaproject is the most difficult component in the risk management process. Although it has high relevance to the success of megaprojects, risk management remains one of the least developed research issues. Megaprojects are executed in a dynamic environment and identified risks are to be prioritised based on their impact on project objectives of time cost and quality before they can be modelled .The present paper focuses on prioritising the technical risks associated with the construction of phase 1of Bangalore Metro Rail Project to assess its impact on the project objectives that helps in the decision support system of the project.

Author Keywords Project Risks, Risk Assessment, Megaprojects Construction

ISSN Print: 0976-6308 ISSN Online: 0976-6316 Source Type: Journals Document Type: Journal Article Publication Language: English DOI: Abbreviated Journal Title: IJCIET Access Type: Open Access Publisher Name: IAEME Publication Resource Licence: CC BY-NC Major Subject: Physical Sciences Subject Area classification: Engineering and Technology Subject area: Civil and Structural Engineering Source: SCOPEDATABASE

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