Risk Assessment for Project Construction Based on User Perspective: An Experimental Analysis Using AHP
Suneeta Mohanty1, Sharmistha Roy2, Mrinmoy Ganguly3, Prasant Kumar Pattnaik4
1Suneeta Mohanty, School of Computer Engineering, KIIT Deemed to be University, Bhubaneswar, India.
2Sharmistha Roy, Faculty of Computing and Information Technology, Usha Martin University, Ranchi, India.
3Mrinmoy Ganguly, School of Computer Engineering, KIIT Deemed to be University, Bhubaneswar, India.
4Prasant Kumar Pattnaik, School of Computer Engineering, KIIT Deemed to be University, Bhubaneswar, India.
Manuscript received on 04 July 2019 | Revised Manuscript received on 09 July 2019 | Manuscript published on 30 July 2019 | PP: 2944-2952 | Volume-8 Issue-9, July 2019 | Retrieval Number: I8937078919/19©BEIESP | DOI: 10.35940/ijitee.I8937.078919
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Risk assessment has become essential tool for construction of project in a safe and secure manner. In this paper, one of the Multi-Criteria Decision-Making (MCDM) method is used i.e. AHP (Analytic Hierarchy Process) to rank the investment alternatives from a risk point of view, by taking into consideration the preferences of the investor or decision maker. The proposed approach not only involve identification of potential risks but also analyze the risks and mitigate them, so that it can lead to the overall success of a project.
Keywords: AHP, MCDM, Risk Assessment.
Scope of the Article: Simulation Optimization and Risk Management