Abstract: Whereas the construction industry represents a significant proportion of national income in comparison with other industries, and project management during the construction stage has a very important role through which most of the project cost is spent out, therefore the project management team has to use the best techniques in project management to get the best results. Risk Management which requires more time and effort in the preliminary stage in order to avoid or mitigate risks that may occur during construction, all project stakeholders are taking responsibility for risks during the construction stage, so it is important to take care of risk management and allocation between client and contractor according to contractual terms and conditions to achieve the project. There are many types of contracts that govern the relationship between the contractual parties either locally or internationally, study proposed FIDIC contracts to govern the relationship during construction. Study proposed risk management process to Plan Risk Management, Identify Risks, Risk Allocation, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Implement Risk Responses, and Monitor. Instead of Plan Risk Management, Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Implement Risk Responses, Monitor Risks, as mentioned in PMBOK 6th edition. risk management flow chart for governance during the construction, and automate project risk management reports and interactive dashboard that demonstrate project progresses.
Keywords: construction industry, project management team, Risk Management.
Title: Project Risk Management during Construction Stage According to International contract (FIDIC)
Author: Rizk Elimam A. Younis, Hesham Abdelkhalek, Ahmed Mohammed Abdelalim
International Journal of Civil and Structural Engineering Research
ISSN 2348-7607 (Online)
Vol. 10, Issue 2, October 2022 - March 2023
Page No: 76-93
Research Publish Journals
Website: www.researchpublish.com
Published Date: 13-February-2023
