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A Comprehensive Literature Review on Construction Project Risk Analysis

Author

Listed:
  • Ermias Tesfaye

    (Addis Ababa Institute of Technology; Addis Ababa University, Addis Ababa, Ethiopia)

  • Eshetie Berhan

    (Addis Ababa Institute of Technology; Addis Ababa University, Addis Ababa, Ethiopia)

  • Daniel Kitaw

    (Addis Ababa Institute of Technology; Addis Ababa University, Addis Ababa, Ethiopia)

Abstract

The purpose of this paper is to present the chronological development of risk assessment techniques and models undertaken in construction project for the past two decades. This research used a systematic review and meta-analysis on risk assessment of construction project literatures. This includes browsing relevant researches and publications, screening articles based on the year of publication, identifying the domains and attributes. Accordingly, findings of major results achieved have been presented systematically based on the chronology of the research and research gaps are identified. From the review, it is found out that the dominant risk assessment tools used for the past twenty years is statistical analysis and fuzzy expert system.

Suggested Citation

  • Ermias Tesfaye & Eshetie Berhan & Daniel Kitaw, 2016. "A Comprehensive Literature Review on Construction Project Risk Analysis," International Journal of Risk and Contingency Management (IJRCM), IGI Global, vol. 5(4), pages 1-15, October.
    • Handle: RePEc:igg:jrcm00:v:5:y:2016:i:4:p:1-15
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    Cited by:

    1. Muhammad Najib Razali & Rohaya Abdul Jalil & Kamalahasan Achu & Hishamuddin Mohd Ali, 2022. "Identification of Risk Factors in Business Valuation," JRFM, MDPI, vol. 15(7), pages 1-21, June.

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