Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Risk Of Conventional And Modular Construction On Project Time And Cost

Risk Of Conventional And Modular Construction On Project Time And Cost

Munir, Muhammad Zeeshan
Mawra, Khadija

Paperback

Management

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ISBN10: 6206142132
ISBN13: 9786206142133
Publisher: Lap Lambert Academic Pub
Published: Feb 3 2023
Pages: 124
Weight: 0.42
Height: 0.29 Width: 6.00 Depth: 9.00
Language: English
Modular construction is an emerging construction technique due to its valuable benefits. This, on the other hand, faces a degree of uncertainty due to internal and external elements such as engineering, occupational, cultural, socioeconomic, and financial concerns that impact the project outcome mainly time and cost. Existing risk management research for conventional construction cannot be accurately applied to modular construction since modular construction is by nature different from conventional. This study is intended to identify primary risk factors associated with modular construction and conduct an assessment of their impacts on project cost and duration and compare them with those of conventional risks. After gathering a comprehensive list of risks in both construction methodologies, their probabilities and impacts on project cost and time were gathered through questionnaires and interviews. Based on the weighted average probabilities and impacts, risk categorization as per these three criteria was made. Moreover, comparison risk matrices were developed for different categories of risks.

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