Published: Građevinar 63 (2011) 3
Paper type: Subject review
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Determining priorities for managing risk on construction projects
Abstract
The paper starts with assertion that a quality-based approach should be applied to determine priority list for risk management in cases when an appropriate data base is not available, or when calculation parameters are not sufficient. Techniques most often used in the qualitative analysis of risk are presented. After comparison of three techniques, it has been established that the analytical hierarchy process (AHP) is the most complete and the most flexible technique for ensuring a qualitative approach to risk management on construction projects.
Keywordsrisk, risk management, determination of priorities, qualitative approach, analytical hierarchy process, construction project