Affiliation:
1. Faculty of Built Environment, University of Malaya, 50603 Kuala Lumpur, Malaysia
Abstract
Most of the current construction risk assessment tools deliver unsatisfactory results because the prerequisite for their effective applications rely on the availability of high quality data especially during the early stage of a project. Unfortunately, such data are limited, ambiguous or even not exist due to the great uncertainty inherent in construction projects. Based on Fuzzy Synthetic Analysis (FSA), a model development team was formed among construction engineers, IT professionals, and Mathematicians in developing a holistic risk assessment model to estimate the construction risks especially for the situations with incomplete data and vague environments. Through qualitative scales defined by triangular fuzzy numbers used in pairwise comparisons to capture the vagueness in the linguistic variables, a risk assessment model using Analytic Hierarchy Process (AHP) was developed. The Pilot Run revealed the developed Fuzzy Synthetic Model (FSM) could accelerate the decision-making process and provide optimal allocation of project resources to mitigate possible risks detrimental to the success of a project in terms of time, cost, and quality.
Publisher
Vilnius Gediminas Technical University
Subject
Strategy and Management,Civil and Structural Engineering
Cited by
20 articles.
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