Construction Project Management Tata Mcgraw-hill Pdf
Desiderato Merriwether
Risk Management is set of activities concerned with identifying the root causes of risks and to trace their consequences through the comprehensive and systematic way of identifying, analysing and responding to risks to achieve the project objectives. The use of risk management is essential from the early stages of a project, where major decisions such as selection of site, construction methods and procurement methods can be influenced. This research is conducted to identify significant factors of risk and the impact of Risk Management Practice on success of construction projects of Housing Developers in Kathmandu Valley. It was revealed that housing developers of Kathmandu valley are quite aware regarding Risk Management (more than 80%) and are practising it in their project someway (more than 65%) whereas only 45% of the developers are practicing using formal techniques . Risk factors related to time overrun, cost overrun, quality, project scope, design and specification, contract, finance and economy, health safety and environment, organisation and leadership were found to be the ten significant factors. These ten risks are taken as success criteria for hypothesis testing. Out of thirty three hypothesis testing to find impact, only 6 hypotheses were not accepted and impact was not seen. For the remaining twenty seven hypotheses, significant impact was found to exist between the variables. Those 27 hypotheses are Risk Identification, Risk Assessment and Risk Response on Project Success, Scope well defined, Technical Specifications Compliance, Planned budget, Quality, Time, Contractual Risks, Financial and economic Risks, Safety, Health and Environmental Risks, Leadership Risk and Organizational Risk.
Thus from this study, it can be said that significant impact exists between risk management practice and success of projects for the housing projects in Kathmandu valley. And thus from this study, it can be said that significant impact exists between risk management practise and success of projects for the housing projects in Kathmandu valley.
Civilization in a country is measured by the growing number of urban cities. More than 50% of the global population stays in cities, and, in some other countries, it even reaches up to 80%. In India, the percentage is 35% live in urban areas, and it has been increasing rapidly over the years. At present, most of the construction projects in India are experiencing project delays and cost overruns. The main reason for this is that construction activities are implemented without proper scheduling, planning, and execution. The project progress time is required a proper timetable for more efficient execution. Scheduling aids in delivering the project more efficiently through the use of techniques like bar charts and the critical path method (CPM) to visualize the activities of the project. Bar charts could also be applied as a selective booking tool for arranging, but they should be subsequently supplemented by a rationale-based method like the CPM. Primavera is a project management software tool that makes use of this CPM logic to schedule the project and allocate resources. This paper analyzes the application of project management software in the ongoing construction project of a commercial building that is using a conventional method. As a part of our research, the activities and operations of the project were recorded and monitored on a daily basis through the use of Primavera. The consequences of delays in the project were forecasted by using software, and the resources were sequenced for utilization accordingly. This process in turn facilitates the optimization of resources and completion of the project as per the schedule. The results of the study can be applied to any construction project for the sustainable utilization of resources. This study entailed ongoing construction project monitoring and recording of the operational activities through the use of Primavera software to facilitate the sustainable management of resources. By using this technology, the resources can be utilized in a sustainable manner as per the schedule. Similar projects of the same size and budget can thus achieve better results.
Project management encompasses monitoring of the activities of a project until its completion. The task of the project managers is to oversee the activities of the project until its completion. Unlike programs, projects have time limits that have to be attained as stipulated by terms and conditions of engagement. It would also be a process of generating ideas and implementing activities that lead to production of a unique product for a firm (Lewis 2006, p4).
In the case of coming up with new products, completion of the project would make the work of the product manager easier. The task of the managers in this field involves laying strategies that would ensure success of projects that are satisfactory to the requirements (Frigenti & Comninos 2001, p18).
An inclusive definition would encompass aspects of the project having a beginning and an end that are defined. It also applies various tools that would be used to evaluate the work done to monitor its progress. This is aimed at reducing risks associate with failure and increases chances of success (Lock 2007, p29).
Time saving is an aspect that is taken into much consideration by passengers and the firms that own planes by which passengers travel. Time saving is an issue that is required in the baggage section of the airports.
Customers would want their luggage presented to them in time so that they would proceed with other activities. Planning and managerial issues within the airports would involve issues such as gates, plane parking areas and taxiways (Young & Wells 2011, p7).
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