Projects within the construction sector are characterized as fragmented, temporary and complex which inherently brings upon risk exposure. Decision makers within the industry need reliant access to information and knowledge in order to manage risks in a sufficient and systematic way. Thus, the implementation of an effective risk management in relation to managing associated project risk may facilitate successful construction project endeavours. The purpose of this master thesis is to explore and evaluate project risk management. The aim is to examine the recognition and practical adoption of risk management in order to investigate how project knowledge is utilized in the process.
Table of Contents
- Introduction
- Literature Review
- Fernans, Maheshwar, Sahu, Sangeetha and Verma et al. (2013)
- Subramani et al. (2014)
- Belsur et al. (2017)
- Anne et al. (2017)
- Ranjithkumar et al. (2017)
- Scope, Methodology & Purpose
- Scope
- Objectives of Project
- Methodology
- Collection of Literature
- Collection of Data
- Planning using Prima Vera P6
- Monitoring of planning
- Observation of complete project
- Action Plan
- Flow Chart of Project
- Introduction to Primavera
- Analysis
Objectives and Key Themes
This master thesis explores and evaluates project risk management in the construction sector. The thesis examines the recognition and practical adoption of risk management, specifically investigating how project knowledge is utilized in the process.
- Effective risk management in construction projects
- Role of Primavera P6 software in risk management
- Impact of risk management on project success
- Importance of project knowledge in risk management
- Analysis of risk perception and attitudes among Swedish contractors
Chapter Summaries
The introductory chapter defines risk management and its importance in construction projects, highlighting the complexities and uncertainties inherent in the field. It underscores the need for efficient risk management to mitigate unexpected events and ambivalences.
The literature review examines the concept of risk management, drawing upon various definitions and views from different authors. It explores the effectiveness of project management software like Primavera P6 in planning, monitoring, and controlling construction projects.
The scope, methodology, and purpose of the thesis are outlined in the subsequent chapter. The objectives of the project include assessing the significance of monitoring construction work, identifying effective management techniques, and determining critical activities that cause delays. The chapter also details the methodology used for data collection, including literature reviews, surveys, and the use of software like Primavera P6.
The chapter on Primavera introduces the software's features, including activity definition, duration determination, activity dates, activity cost calculations, and the creation of baselines for schedule updates.
The analysis chapter delves into the perception of risk and risk management among Swedish contractors, highlighting the contrasting views on risk as both an opportunity and a threat. The findings suggest a risk-neutral approach among professionals in the Swedish construction industry.
Keywords
The study focuses on risk management, construction projects, Primavera P6 software, project knowledge, risk perception, Swedish construction industry, and project success. Key concepts include effective risk management, risk identification, risk assessment, risk mitigation, and the role of technology in improving project outcomes.
- Quote paper
- Paka Prathoshini (Author), 2024, Risk management of construction using primavera software, Munich, GRIN Verlag, https://www.grin.com/document/1482133
