Quantitative and Qualitative Schedule Risk Analysis Using Primavera in Residential Sector

Authors : R. Rajiv Kumar; M.D hivya; S. Suguna

Volume/Issue : Volume 8 - 2023, Issue 7 - July

Google Scholar : https://bit.ly/3TmGbDi

Scribd : https://tinyurl.com/ymd45sp5

DOI : https://doi.org/10.5281/zenodo.8198386

There are a number of challenges that construction managers face, some of which are new to the construction industry and others that have been around for a long time. Workforce consideration, safety, time constraints, and the shifting nature of work are some of the construction issues. For the fruitful fulfillment of an undertaking, arranging, and booking are two significant elements. The construction industry's demand necessitates precise planning, scheduling, and resource management. Management software is used as a tool for managing and organizing work in industries that are experiencing rapid growth because of the increase in workloads and shrinking the department. For project management, there are numerous computer programs on the market today, including MSP, Primavera p6, and others. With the assistance of these product legitimate preparation and controlling of venture should be possible. Primavera allows for straightforward comparisons between the planned and actual construction project progress. Information about a project's performance can be gathered, recorded, monitored, controlled, and reported using Primavera P6 project management software. Controlling and monitoring can be carried out, and the factors that lead to delays can be identified. Risk identification, evaluation, and preference for risk mitigation are all components of risk management. This could mean finding a coordinated and cost-effective way to use the materials and resources to cut down on potential dangers and keep an eye on and control bad things that might happen. Hazard can occur due to vulnerability in monetary market, mishaps, disappointments in the project, normal elements, lawful issues, risk related with credit and so forth. Risk management can be accomplished in a variety of ways, including transferring the risk to a subsequent party, avoiding the risk factor, minimizing the consequences of risk, and occasionally accepting the effect of risk. The client uses the project's unique mission to gain a competitive advantage in the market. Due to its uniqueness, the previous projects do not match the current one, which ultimately raises the risk of hazards. The attribute of each project continues to change which make it hard to be imitated. This requires exceptional abilities to oversee and achieve the process.

Keywords : Primavera, Project Management, Controlling, Optimization, Risk Management, Risk Identification, Residential Sector.


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