Abstract:

Risk is inevitable, but competitive laws force companies and organizations to look more closely at the risk management strategy, thereby increasing their operational efficiency and competitive advantage. The risk is a powerful stimulus. Nowadays, Failure in risk management can lead to loss of professional manpower, loss of business partners, loss of market or revenue opportunities and, the most important one, a complete loss of business operations. Any organization is grappling with risks, but under good understanding and properly management to cope with the risk, that risk can be converted to competitive advantage. Identifying project management risks and evaluating them in construction projects management can reduce the causes which lead to the failure of projects. This study aims to provide an integrated method based on Gray Entropy Technique and Gray Relational Analysis (GRA) using the FMEA approach, sought to identification and evaluation of project management risks in Yazd municipality as a case study. First, 30 effective risks for management of Yazd municipality construction projects are set up by reviewing the literature and theoretical foundations, and then with the holding of coordination groups with Yazd municipality construction project experts. For this, the weight of risk factors (probability of occurrence, severity and probability of detect) are determined by gray entropy technique. After determining the weights and forming a decision matrix, the risks for construction project management are prioritized with Gray Relational Technique.