• Corpus ID: 18807494

Project Risk Analytic Assessment Using the Hierarchy Process

  title={Project Risk Analytic Assessment Using the Hierarchy Process},
  author={Mohammad A. Mustafa},
Often, construction projects fail to achieve their time, budget, and quality goals. This is frequently due to the failure of the contractor to analyze and assess unanticipated risks. The analytic hierarchy process (AHP) is a new approach that can be used to analyze and assess project risks during the bidding stage of a construction project and to overcome the limitations of the traditional approaches currently used by contractors. The AHP presents a flexible, easily understood way to assist the… 

Figures and Tables from this paper

Analysis of Risk in Construction Projects
  • D. B, P. V
  • Business
    International Research Journal of Multidisciplinary Technovation
  • 2019
The construction industry is subject to more risk and uncertainty than any other industry. Most of the participants experience risks in cost and time over runs and many times fail to meet quality
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
Construction Risk Modelling and Assessment: Insights from a Literature Review
Although risk assessment is probably the most difficult component of the Risk Management process, it is potentially the most useful. A critical review of the literature published on the topic over
Fuzzy Logic: An Appropriate Technique for Effective Risk Analysis and Decision Making for Construction Projects
The use of fuzzy logic theory for risk analysis and decision support system in construction industry is illustrated, as according to author this theory has the potential to handle the complex and dynamic nature of construction industry.
Risk assessment in the implementation of construction projects in developing countries
The construction industry plays an important role in the economic growth and the socioeconomic development, which are particularly important for the developing countries. The current general
Risk Assessment Framework for Building Construction Projects’ in Developing Countries
Economic growth and socio-economic development are particularly important for developing countries; and the construction industry plays a central role in driving both of these. The general situation
Dempster-Shafer Theory of Evidence: Potential usage for decision making and risk analysis in construction project management
Decision making and risk analysis are essential tasks along the project life cycle. Researchers have researched different theories and have come up with various tools and methodologies to assist
Risks Factors in Housings are Defective Due to Lack of Management in Life-Cycle of Project
Risks in Housing in developing countries construction projects are ongoing process and always may happen at any time. In the entire project life cycle, better to break down in different units or
Risks are very common in construction sector. Risk is the possibility of suffering loss and the impact of loss on the involved parties. Firstly risk is identified and then risk assessment and
Analytic Hierarchy Process and granularity: Assessment of risk severity on livestock wellness
This paper attempts to bridge the hierarchical problem solving process using AHP methodology with granular computing in a pragmatic manner with an example of constructing a quantitative model for identifying risk factors in the outbreak of cattle diseases.


An extension of the analytic hierarchy process for industrial R&D project selection and resource allocation
  • M. Liberatore
  • Economics, Business
    IEEE Transactions on Engineering Management
  • 1987
The research and development project selection decision is concerned with the allocation of resources to a set of proposals for scientific and engineering activities. The project selection and
The Analytic Hierarchy Process
The Analytic Hierarchy Process (AHP), introduced by Thomas Saaty (1980), is an effective tool for dealing with complex decision making, and may aid the decision maker to set priorities and make the
Construction risk assessment by linguistics
It is shown that the use of fuzzy sets will allow an analyst to communicate degrees of risk of individual project elements to people in readily understood language terms, which would permit an evaluation of the overall risk of a construction project.
The Analytic Hierarchy Process—A Survey of the Method and its Applications
This paper briefly reviews the analytic hierarchy process (AHP) and its applications in diverse decision problems. It addresses some of the major extensions and criticisms of the method, as well.
Priority setting in complex problems
  • T. Saaty
  • Economics
    IEEE Transactions on Engineering Management
  • 1983
There are three principles which one can recognize in problem solving. They are the principles of decomposition, comparative judgments, and synthesis of priorities. The Analytic Hierarchy Process
Performance evaluation of flexible manufacturing systems
A performance evaluation methodology for selecting flexible manufacturing systems (FMS) that treats both tangible and intangible decision factors through the analytic hierarchical process is described.
OF THE DISCLOSURE A gas Spring for a drawing table which has a cylinder, a piston in the cylinder, and a piston rod projecting from the piston through one end wall of the cylinder, the other end wall