Vol 3, No 1 (2018)

Comprehensive Study on FMEA: A Tool for Construction Risk Management

Authors: Nikita Garg, Vijya Saxena

Abstract: The objective of this paper is to provide risk assessment tool for the construction projects by using Failure mode cause and Effective Analysis (FMEA) .A literature study were done to mitigate various potential risk factors affecting construction productivity at each stages of construction progress. The technique used to identify the potential risk factors is Delphi technique. Using Delphi technique the questionnaire survey was conducted. The project risk mapping has been plotted by using Radar chart to show the perceptions of contractors and project managers on Construction Risk management in ongoing construction projects. It was suggested that Identifying risks in planning stages and assessing their cause and effects, project managers and contractors can easily Identify strategies used to reduce risks. Such early identification helps to minimize major escalations on cost and time overrun in construction projects.

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