A Risk Management Approach to Address Construction Delays from Client Aspect

摘要

Delay risk factors associated with clients have a major impact on the successful delivery of a construction project. Research studies conducted so far have unsuccessful in delivery an effective methodology that helps in analysing and managing the client risk factors at the early design stages in a construction project. To that context, the study aims to provide a new methodology for a client risk management model (CRMM). The study includes the development of a framework by integrating the findings from the literature review and a construction industry survey. A client risk analysis system is developed by integrating the analytical hierarchy process and Monte Carlo simulation underpinned within @Risk program. A case study is used to demonstrate the methodology and found that it is capable to manage the risks with a suitable risk mitigation strategy and supports the proactive actions at the design stage of a construction project from client aspect.