Risk Analysis of Seaport Construction Project Execution

Abstract

This article concerns the assessment of the level of risk at the stage of construction of a seaport, with particular emphasis on selected adverse incidents that can significantly affect the timeliness of the investment. In this article, the matrix method was used to analyse and evaluate the level of risk, and statistical analysis and case studies were used to identify incidents occurring during the port construction project. This allowed the identification of incidents with the highest probability of occurrence during the port construction process and to determine their impact on environmental pollution and the timeliness and success of the investment. The risk analysis performed identified 15 typical incidents of technical nature. The determined risk level for these incidents is at a moderate level or lower, which can be considered acceptable. For all undesirable incidents the values of probability and loss levels have been averaged, because e.g., a fire can have an extremely different dimension and can cause a different scale of losses. Analysis presented in the paper indicate the need to develop procedures for proceeding during the implementation of significant technical tasks to minimize the level of risk of adverse incidents and their consequences.