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Research Article

JCR. 2020; 7(14): 1104-1113


COMPARATIVE STUDY OF ANALYTICAL APPROACH OF RISK MANAGEMENT IN CONSTRUCTION PROJECTS USING RII AND AHP METHODS

B.LAKSHMIKANTH, D.SATISH CHANDRA.

Abstract
Risk, high or low, is a chance which can hamper the growth of an organization and construction
industry is no exception. Every construction project needs to implement efficient construction project management
techniques for successful completion of work, and no such technique will be complete unless it addresses the
various types of risks like Labor, Financial, Logistic, Socio-political, Environmental and Health & Safety risk etc.
Keeping these risks in view, a questionnaire is prepared and distributed among different scale of construction
companies so that data can be obtained from different levels of project management employees such as Labor
Contractor, Engineer, Middle-level management & High-level management. Results obtained through
questionnaires were analyzed using RII (Relative importance index), an empirical method as well as Analytical
Hierarchical Process (AHP). Priority of risks were arranged according to Relative importance index in project
management as well as Analytical Hierarchical Process(AHP) were compared. The preventive and safety
measures are taken at different stages in order to reduce risk in CPM.

Key words: Analytical Hierarchical Process (AHP), Risk, construction project management, Relative importance index (RII), safety



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