What is it about?
A proper risk management during construction lifecycle period may yield substantial certainties in reducing risk costs. The risk costs were calculated using stochastic analyses. The results showed that there were 7 main activities which were considered as the riskiest ones
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Why is it important?
After conducting risk mitigation measures, there was 90% probability the project cost would decrease. The Risk mitigation measure may reduce project risk costs systematically.
Perspectives
This is useful to reduce the toll project risks systematically
Dr Ari Sandhyavitri
University of Riau
Read the Original
This page is a summary of: Managing Construction Risks of the Toll Road Project in Indonesia, International Journal on Advanced Science Engineering and Information Technology, October 2017, Insight Society,
DOI: 10.18517/ijaseit.7.5.1349.
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