Risk management in small and micro construction firms undertaking repairs and modernisation of residential houses: a case of India
by Milind T. Phadtare; A.D. Gosavi; T.K. Ganguli
International Journal of Risk Assessment and Management (IJRAM), Vol. 21, No. 3, 2018

Abstract: This paper identifies risk factors and suggests their mitigation in small and micro construction firms undertaking repairs and modernisation projects in residential houses. It uses a case study approach with a combination of work breakdown structure and fault tree analysis to identify risk factors in repairs and modernisation projects. Fifty two risk factors have been identified. Risk factors such as damage to household goods during shifting, injury to the labourers during shifting household goods, damage to household goods during packing, damage to household goods during unpacking and accidents during shifting of household goods have been found typical for small to micro construction firms involved in repairs and modernisation of residential houses. The suggested risk treatment reflects the lite version of project management and is validated by discussing with construction professionals and owners of small and micro construction firms. Risk retention, risk sharing and risk prevention are recommended for treatment of risks. This study is qualitative in nature and its scope is limited to Indian context only.

Online publication date: Wed, 25-Jul-2018

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Risk Assessment and Management (IJRAM):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com