Assessing and Controlling Risks During Construction Phase of Multi-Storey Residential Apartments
Umar Zahid1, Zain Imran2, Hafiz Qasim Ali3

1Umar Zahid, Lecturer, AIMS Institute of Management Sciences, Engineering Technology, (Lahore), Pakistan.
2Zain Imran, Lecturer, AIMS Institute of Management Sciences, Lahore, Pakistan.
3Hafiz Qasim Ali, Lecturer, University, (Lahore), Pakistan.
Manuscript received on 12 March 2017 | Revised Manuscript received on 21 March 2017 | Manuscript Published on 30 March 2017 | PP: 26-31 | Volume-6 Issue-8, March 2017 | Retrieval Number: H2415036817/17©BEIESP
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Abstract: Risk undertakes vital part in the accomplishment of construction project. In managing risk, distinguishing of risk factors is very critical. The aim of this research is to recognize and assess the current risks and vulnerabilities during the construction phase of multi-storey residential apartments through comprehensive literature survey. Data was collected utilizing checklist survey from distinctive building construction projects in Lahore. Total 35 risks were associated with construction projects classified in four categories such as scaffold, excavation, falling from height and ladders. A research result demonstrates that both owners and contractors do not systematically apply risk management practices, bringing about negative outcomes for the project’s performance. The fundamental hazards occur amid execution of the project were related to scaffold, fall into Excavation, Collapse of excavation and Falling from height. This study proposed that the organizations need to keep up legitimate documentation procedure which should be a solution to all hazards that are liable to occur during the construction phase of the project. The contractors ought to focus their strategy to alleviate top risk impacts and build their possibilities of success.
Keywords: Risk, Risk Assessment, Risk Management, Construction.

Scope of the Article: Construction Economics