Affiliation:
1. KIIT University, India
2. National Institute of Technology, Rourkela, India
Abstract
One of the key objectives of any modern organizations is to concentrate on risks and uncertain events. Risks within the project life cycle may be serious if they are not considered at the planning stage. As a result, risk assessment is crucial and has been thoroughly studied in recent years by numerous scholars. The weighted aggregated sum product assessment (WASPAS) technique, which was used to evaluate the adverse consequences of risks on projects, was suggested by this research. The risks that a worker faced while working in the noisy environment of Bhubaneswar were identified and assessed in this study; the results indicated these risks were inaccessible or inappropriate throughout the life cycle. Additionally, this chapter recommends the WASPAS method as one of the MCDM techniques that would be most accurate for assessing risks in a practical setting.