Research Article

Risk Determination, Prioritization, and Classifying in Construction Project Case Study: Gharb Tehran Commercial-Administrative Complex

Table 3

Risk prioritization for construction projects.

Prioritization of risk group1234567891011121314

1Economic factorsInflationAnnual budget revisionCurrency change rateContractors financial failuresEconomical instabilityInvestment problems

2Project managementChange in managerial methodsLosing experienced staffsInappropriate project teamNot to assign tasks to experienced staffInappropriate goals and objectives definitionsRush at auction

3PartnersInterference by the ownerDelay of consultantsDelay in decision-making (owner)Delay in payment to contractorsChallenges between stakeholdersLack of consultant knowledge on terms and conditionsMethod of tendering and vendor selectionPoor communication between project partiesLack of mediators to solve problemsContractors delayContractors mismanagementWeak workshop managementContractors lack of experienceContractor financial power

4Execution Delays in executive plan confirmationDelayed, incomplete, and incorrect reviewsProject closurePermits and licensesEvents during executionDeviations between spec. and implementationInappropriate material and instruments Environmental instabilityDamage to property and personsLandslides

5Human resourcesHuman resources turnoverLack of specialists

6 PoliticalSanctionGovernmental changesChange in governmental rulesWar

7Legal factorsLegal disputesChange in negotiation trendDelays in paymentsDelays in resolving disputesLack of moderator

8 Environmental and socialRules changesAmbiguity in the rulesStrike Environmental risks

9Resources and equipmentChanges in materials during constructionDelay in material supplyLack of machines and equipmentEquipment performanceSupplying spare parts problemsMaterials qualityMachine failureLack of materials

10Planning and schedulingEstimation/
planning errors
Wrong time plan predictionInefficient planning

11DesignDelay in designDesign changesHurry in designMisdesign Nonqualified designers