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Risk Management of Construction Projects by Using Primavera Risk Analysis
Risk Management of Construction Projects by Using Primavera Risk Analysis
© 2019, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1639
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 06 Issue: 05 | May 2019 www.irjet.net p-ISSN: 2395-0072
3.To perform simulation in order to get expected duration of Quantitative risk analysis is the process of numerically
the project. analyzing the effect of identified risks on overall project
objectives using modeling and simulation. By analyzing the
4.To compare the result obtained in simulation with PERT risk and scheduling we calculate the cost of the execution
calculations. work and expected period for the construction work of the
project.
5. To conclude on period of completion of construction of
project with the help of PRA.
4.4 Uncertainty / Risk Assignment
© 2019, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1640
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 06 Issue: 05 | May 2019 www.irjet.net p-ISSN: 2395-0072
4.5 Simulation
After risk analysis in Primavera Softwere we obtained three There is 35% probability to complete construction project
graphs as per follows: work in 55 days on 25/06/2019, 50% probability to
complete construction project work in 57 days on
5.1 Finish Date Graph: There is 35% probability to 27/06/2019 and 80% probability to complete construction
complete construction project work in 55 days on project work in 59 days on 29/06/2019. Therefore
25/06/2019. 50% probability to complete construction minimum 46 days required for complete construction
project work in 57 days on 27/06/2019 and 80% probability project work and maximum 69 days required for complete
to complete construction project work in 59 days on construction project work
29/06/2019. Therefore minimum possibility of completion
of work is on the date of 16/06/2019 and maximum
possibility of completion of work is on the date of
09/07/2019
6. CONCLUSIONS
© 2019, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1641
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 06 Issue: 05 | May 2019 www.irjet.net p-ISSN: 2395-0072
REFERENCES
© 2019, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1642