Review on Analysis and Managing of Various Risks during Construction of PPP Highway Projects

Abstract

This article presents research findings on the use of risk analysis techniques and tools to determine its impact on highway project construction cost and schedule performance values. Analyzes included project information and characteristics and cost and schedule impact assessments of project risks. Analyzes of responses from both public and private sector Highway construction professionals. The review response provided both quantitative and qualitative information on several previously completed road construction projects. Statistical dependency correlation analyzes showed that the use of risk analysis in project improved project and construction management practices.