In today’s scenario there will be a competition exists among various construction firm, so the risk management come into picture to assess the various risk related to project. Assigning the right severity factor as per the possibility of occurrence will impart the success of organization as well as success will impart the growth of nation with increase in G.D.P. In construction of road the assessment of right severity factor, will be considered as strength to lower down the delay of time over run. Tremendous amount of effort are applied in quantitative and qualitative manner for assessment of risk severity factor. However, many criteria for risk severity factor enable the decision making methods will smoothen the process of arriving at a solution and enable decision makers to make the right decisions. Decision-making problems need systematic approach to appraise the various alternatives using quantitative and non quantitative factors. Standard methods for solving problems will lack considerations of non-quantitative factors, where numeric values are difficult to assign. Different techniques like, Analytic Hierarchy Process (AHP), Fuzzy set theory Making and Multi Criteria Decision are being used in risk severity factor. These techniques consider factors with concrete values or vague values. This research will provide solution to a risk severity factor for budget allocation problem, for allocating funds to competing and deserving organizations by using ranking analysis technique. Fuzzy set theory and AHP is used to calculate the Weights .Fuzzy set considers subjective values like preferred, strongly preferred etc. and Analytic Hierarchy Process (AHP) technique evaluates relative importance of factors by making pair wise comparison matrix. The evaluation technique will facilitate in ranking of various severity factors according to their possibility of occurrence after assigning weights to decision making factor.
Being one of the oldest industries in existence, the infrastructure industry is quite rigid and set in its ways. This is bound to happen as when the industry is moving forward without innovation, why invest more to change. This also means the same mistakes, issues, problems and hazards continue within the system. Without innovation factors like defective equipment, human error, hazardous activities, environments dangerous to work in etc. are major causes for concern in terms of health and safety. Today there are multiple digital technologies available, some more complex and exhaustive than others, which can be explored to ensure better health and safety standards and support management of the same. With multiple emerging technologies, the intent was to explore and study, categorise, identify the target point of research, analyse the core role and lastly understand how these digital technologies can be used to improve health and safety management in the infrastructure sector. Academic databases like the ASCE library, Science Direct, Web of Science, Taylor and Francis etc. paved the way for systematic and extensive literature review process which was employed to conduct the study.
On-time completion of road infrastructure projects is a critical goal. Whenprojects were not completed on schedule and real construction progress isslower than expected, the inconvenience and disruption to business accessincreases. On time completion is linked to economic and social welfare,as well as safety. Construction delays continue to be a typical occurrence,despite the need of prompt completion.A literature study is conducted in this context in order to learn more aboutthe causes and factors that contribute to delays. Following a thoroughreview of the literature, it was determined that a questionnaire survey isthe most effective and trustworthy way for gathering information about thecauses and quantifying delays caused by emergent factors. The RelativeImportance Index (RII) method was used to analyze the data, and thereasons for the delay were prioritized according to their importance. Thisstudy focuses on the emergent concerns/causes and reasons of concernin road infrastructure projects, as well as how to priorities these issuessequentially during the planning stage. This study survey can assistconstruction companies doing business in India in understanding theessential or sensitive issues that require special attention in order to conducttheir businesses smoothly in this country while employing appropriateproject management practices.
In Developing countries like India, there is a huge demand for Power and the country itself faces challenges in meeting the demand in an effective manner. In India, Planning commission has come up with a solution by bringing in Ultra Mega Power projects (UMPP) in recent years. Large number of power projects (XI and XII five year plans) is under construction to overcome the power shortages and meet the growing energy requirements in the country. So Government of India has planned for Mega / Ultra Mega Power Generation projects with revised tariff regulations for existing central government projects, competitive bidding for all future power generation projects, tariff norms for renewable energy / introduction of Renewable Energy Certificates, new transmission pricing grid code, power market regulations, Re – structured Accelerated Power Development Reform Programme (APDRP2), National Electricity Fund, etc. Ministry of Power and Central Electricity Authority (CEA) have projected a total investment requirement of Rs. 11,35,142 Crore for the power sector during the 12th Plan period, which also includes investment for generation of additional capacity of about 1,00,000 MW to the existing capacity of about 1,64,508 MW for the country. The above stated reforms are good sign of development but India’s performance in power sector (Planning to Operation) is not remarkable. Always delays are encountered in all phases. The Second main constraint in UMPP is managing the criticality of material and inventory for the project. But, this criticality has been overcome effectively in Mundra project which is an UMPP. The Phase- 1,2,3 of Mundra Power plant has been successfully completed and will start its effective operation soon (Capacity of 800 MW each).The success includes timely completion with available resource in a significant manner. The success delivery is by application of Theory of Constraints and Critical chain management in critical phases. So, the effectiveness of the above said concepts has to be realised and adopted in other ongoing and proposed UMPP for better service to the country on time.
Roads and highway sector projects in India are affected with enormous delays. Over the last decade, as a result of paradigm shift in the volume and capacity of the road construction sector, it is very important to systematically analyze the factors of delays and to build up a concise understanding amongst the roads and highways professionals. Adopting a comprehensive project stakeholders analysis namely client, consultant and contractor, the research identified the important factors affecting the delays in Indian roads and highway construction industry and then establishing the association between factors to develop the prediction models to assess the impact of these delay factors. A questionnaire survey and personal interviews methodology was used for this research. Most critical variables causing construction delay were analyzed using factor analysis. These results will significantly contribute in controlling the time overruns in Indian road construction industry. This project delays forms a challenge for developing countries like India, where exponential costs result from difficulty in recognizing and mitigating the project delay factors. This research focuses on prominent factors causing delays in road construction industry, and accordingly proposes a suggestive framework to design a construction project in an efficient manner and assisting mitigating of delays.
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