Identifying and Ranking Risks using Simple Additive Weighting method and responding to the most critical risk (Case Study: Mashhad Railway)

Document Type : Research Article

Authors

1 univercity

2 shirvan univercity

3 mashhad univercity

Abstract

Proper risk identification and management is inevitable for managers, especially in basic projects of the country. It is impossible to implement projects in a risk-free environment, and the consequences of the project will affect the project’s three main objectives (time, cost, quality) and usually impose costs for the project. Therefore, considering that the risks of a project are not eliminable but they are distributable, to optimize the objectives of a project, important and critical risks of the project should be identified and ranked, so that we can assign each risk to the employer or the contractors and monitor the consequences. Considering railways of Iran need for maintaining and repairing locomotives, this study introduces a fairly complete set of criteria (probability of occurrence, risk effect and probability of discovery) using multi-criteria decision-making technique and SAW method had been proposed to assess all important risks related to repair- maintenance depot of Mashhad Railway. In this regard, two questionnaires were sent to five experts of Mashhad railway and they evaluate and rank the identified risks through the SAW method, and finally, the risk of delay in construction (lack of comprehensive management system) identified as the most critical risk. Then the best response to the most critical risk was identified through the AHP model using the other questionnaire, which is “employing professional project managers and counselors familiar with management techniques.

Keywords

Main Subjects

References

[1]  M. Hajbagheri, F. Sadeghi, Study of risk management in construction industry of Iran, in:  International conference of project management, Tehran, 2010. In Persian.
[2]  S.Q. Wang, M.F. Dulaimi, M.Y. Aguria, Risk Management frame work for construction project in deveioping countries, Construction managementand Economics, 22 (2004) 237-252.
[3]  V. SadeghManesh, Safety management in elevator industry using FMEA technique, Journal of City and Construction, 98 (2016). In Persian.
[4]  R. MohammadNejad, Identifying and managing risks in construction of second metro lines in Mashhad, Ferdowsi university of Mashhad, Mashhad, 2015. In Persian.
[5]  C. Dala, S. Grey, G. Roymond, P. Walker, Managing Risk  in Large Project and Complex Procurements, in: j.W.S.I. England (Ed.), 2005.
[6]  D. Hilson, Extending  The risk  Procss  To  manage  Opportunities, in:  Fourth European Project Management Conference, London UK, 2001.
[7]  H. Kerzner, Project Management,A System to Planning Scheduling& Contorolling, Jhon Wiley& Sons,Inc, 26 (2002).
[8]  H. TaghiNejad, Study of risk management process in Gas supply projects of North Khorasan and presenting a scientific model, University of Applied Science and Technology, East branch., Mashhad, 2010. In Persian.
[9] G.R. Krishnan, M. AnnaJohny, Assessment of Risk Factors in Construction Project Using PI Method, International Research Journal of Engineering and Technology, 9 (2016) 767-770.
[10] M.Z. Ashtiani, Project Management body of knowledge manual, Adineh Publish, Tehran, 2008.In Persian.
[11]  S. Dehghan, G. Sattari, Safety risk management and analyze in stone mines, Journal of safety development to prevent injuries, 5(1) (2017). In Persian.
[12]   S. Mohammadi, Study of risk management progress in construction industry, in: National congress of urban engineering, Sharif University, 2004. In Persian.
[13]  L. MohamedKhodeir, A. HamdyMohamed,  Identifying the latest risk probabilities affecting construction projects in Egypt according to political and economic variables from January 2011 to January 2013, HBRC Journal, 11 (2016) 129 –135. 
Amirkabir Journal of Civil Engineering
Volume 52, Issue 5
August 2020
Pages 1159-1174

Files

Share

How to cite

Statistics