BUILDING PROJECTS RISKS SOURCES: CONCEPTUAL FUZZY ASSESSMENT APPROACH

This work aimed to identify building risk environment as approach to be integrated within project management system for construction industry. Most risks in building focusing on the need of determining the relative significance of different sources of risk to guide subsequent risk management effort. This will ensure that process being cost effective. A common approach aim to rank these risks in terms of probability and impact to identify sources of risk that will receive the most attention. This study utilized a set of data collected via previous researches, interviews with experts and field survey, data analysis, including a statistical comparison and interpretation. Statistical probability and relative impact factor for each risk source was determined. To explaine the interrelated effects between integrated project management system requirements and their impact risks factors statistical analysis was done. The procedure reduce confrontation and conflict of risk effect on the project progress. Moreover the result of this work enables project team to utilize fuzzy logic and inference system to smartly create risk management strategies