Abstract:

Construction objects life cycle is full of various risks. Risks come from many sources: temporary project team that is collected from different companies, construction site, etc. Moreover, the size and complexity of construction objects are increasing which adds to the risks. The object risks can be identified and evaluated by using the Pareto analysis, Saaty´s matrix or decision tree. We can assess an uncertain events or conditions which have a positive or negative effect on at least one construction project objective. The risks cause cost and time overruns in construction projects. The paper presents risk assessment methods which aims to identify, analyze and evaluate the risks associated with the construction projects.