Civil Engineering ETDs
Publication Date
Summer 7-9-2019
Abstract
Fast-tracking has been extensively used to respond to demands for reduced construction project delivery times. Unique risks arising from the overlapping of activities can threaten the project. A framework is proposed to assess project risks in fast-track construction projects to better understand the intersection of fast-track, risks, and construction. The research used a commercial construction renovation project as a case study, semi-structured interviews, simulation and optimization methods to identify risks of overlapping activities, classify the risks, evaluate the impact of risks and risk mitigation actions, and optimal combinations to minimize the risk impact and mitigation costs. This study resulted in 294 risks, 13 risk standard descriptions, and 11 classification groups. Four types of risk were responsible for 80% of the risks, and the impact in the project cost was more significant than in the project duration, but the risk mitigation with no cost could significantly decrease the project risk exposure.
Keywords
risk, risk management, construction, fast-track, overlapping
Document Type
Dissertation
Language
English
Degree Name
Civil Engineering
Level of Degree
Doctoral
Department Name
Civil Engineering
First Committee Member (Chair)
Susan Bogus Halter
Second Committee Member
Gregory Rowangould
Third Committee Member
Marios Pattichis
Fourth Committee Member
Pardis Pishdad-Bozorgi
Recommended Citation
Garrido Martins, Claudia. "ASSESSMENT OF PROJECT RISKS IN FAST-TRACK CONSTRUCTION PROJECTS." (2019). https://digitalrepository.unm.edu/ce_etds/234