Risk Factors Causing Delay of Urban Infrastructures Projects, Nepal

Authors

  • Madhav Prasad Koirala Professor of research Committee, U-TECH Collage, Bharatpur-11, Chitawan, Member of Subject committee, civil and Architect, Pokhara University

Keywords:

Risk, Risk factors, Delay, Risk Maangement

Abstract

The infrastructure construction sectors are usually complex. Zero risk construction projects are only an assumption. The objective of this paper is to identify the risks factor associated with the urban infrastructure construction projects causing delay. The research found that those risks are directly associated to clients, contractors, sub-contractors that would cause delay in the construction work. Other factors are also identified such as project, financial, political, technical, market risk, managerial, resource risk, and force majeure. All risk factors affect the time, cost and quality performance of the construction project. From risk management perspective, it is the process on which identifies the risks and analyzed with qualitatively and quantitatively. All associated risks can treat by various mitigation processes and then mitigating method are monitored to control the risks. Risk management distinguishes between success and failure of a project. So, Nepal could use it effectively to meet its growing need of infrastructure and job opportunity.

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Published

2018-10-05