International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online)

Identification of Risk Factors associated with Pakistan’s Construction Industry- Project Manager Perspective
Muhammad Abdul Rehman, Dr. Tahir Iqbal, Dr. Muhammad Shakil

Abstract
Construction industry operates in very uncertain situations subject to various kinds of risks arise during the execution of a project. During the planning, management and execution of any undertaking project, preparation of actions for identifying & managing the risks is essential. The process of taking a project in hand is very complex from early appraisal stage to close. Construction industry is distressing from misinterpretation of risk management including identification, risk analysis and risk assessment. This research is based on quantitative descriptive approach conducted to identify key risks factors involved during execution of a project and risk categories in contracting companies working in Pakistan and ranking them according to their importance/ usage. A questionnaire survey was conducted and a total of eighty eight critical risk factors were identified and categorized into eleven groups. This research is conducted in Pakistan and major emphasize on contracting companies engaged in construction projects of various nature. This research covers the risk management trends of contracting companies according to project manager perspective. Data are analyzed through MS EXCEL as statistical tool in order to find actual facts and figures.

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