A STUDY ON INFLUENCE OF RISK FACTORS IN HIGHWAY CONSTRUCTION PROJECT

In India, the highway construction sector has reported to suffer from significantly higher levels of risk factor affecting the project either directly or indirectly in the process. Most of the study reviewed that the factors influencing the risk factors as most critical issues in highways construction projects. However, in this paper the additional factors are also included based on the recommendation by experts in the highways project. The study was carried out to identify the risk factors that influence the highways project in the Indian construction. The risk factors of the highways projects were identified and analyzed for minimizing the risk in highways construction. The structure questionnaire was developed and circulated to the stakeholders involved in the completed project for rating their opinion using likert's scale (5 points). The questionnaire was consisting of fifty nine risk factors. The responses of the questionnaire survey collected from 286 completed projects were considered the analysis through management tools. The descriptive statistical approach was carried out to identify the most influencing the risk factors of the highways construction. This study would help the highway developers to minimize the occurrences of risk in the highways project.