Fuzzy Analytic Hierarchy in Project Risk Management - New Stadium Construction Project in Weifang City

Abstract:

In the field of engineering and construction, unqualified construction quality, time delays, cost more than expected phenomena to occur. Because of these characteristics such as its large-scale construction projects, long cycle, the production of single and complex, there is greater risk than the production of general products, the risk increases the difficulty of construction project management, operating costs and the possibility of potential losses, therefore, risk management emerged and become an increasingly important integral part of project management. In this paper, fuzzy analytic hierarchy be used to construction project risk assessment, and to order the sort of each risk in order to prevent significant risks. On an actual project - the new stadium construction in Weifang City risk management case study, the reduction of risk of project failure is expected, but also the project is hoped for other industries to provide some reference for risk management.

• Periodical: Advanced Materials Research (Volumes 243-249)
• Pages: 6362-6368
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.243-249.6362
• Online since: May 2011
• Authors: Yan Zhang, Chang Jiang Liu
• Keywords: Analytical Hierarchy of Fuzzy, Constriction Project, Risk Analysis, Risk Management (RM)

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