Study on Analysis of Risk in Construction Management

There is an several kind of risk occurrence due to increasing of construction projects which leads to excessive effects in time and cost basis. It is based on identification, evaluation and management of risk in construction project. Finally, we provide the suggestion to avoid risk and how to rectify the following risk occurrence. That’s why we collected the data in Gantt chart from construction officials and also to receive the information about construction project by questionnaire. From that we analyses the risk by using software like primavera. The data collection is based on two suspects as government and private organization. Apart from that, we referred number of journals which gave some ideas to manage the risk and provide the solution to avoid risk during construction work and also provide kind of solutions for construction risk sector. Risk assessment is a tool to identify those risks in a project and manage it accordingly with proper treatment. Risk assessment is defined in this study as a technique that aims to identify and estimate risks to personnel and property impacted upon by a project. The aim of this project report is to make aware of risk that occur during construction work and give some reasonable solution in construction project with procedures. A brief discussion on application of risk management, hence, somewhat better outcome, avoid risk and value of constructor and client were studied.