| Abstract [eng] |
Identifying all the risk factors that affect the construction sector is difficult because there is no single universal risk assessment model. The study found that the risk identification models described in the literature have shortcomings because they involve specific risk identification methods rather than as a set of project risks. This topic of the work is relevant because the number of construction companies in Lithuania is growing every year. Both start-ups and long-established companies need to have a targeted model for identifying and managing risk factors. The construction sector is associated with complex work that can lead to a variety of risk factors. Construction companies may be late in completing work on time because they are often suspended, sometimes resulting in project costs exceeding expectations. Proper application and assessment of risk in the construction sector can have a positive impact on decision-making processes. Companies that are not prepared for this process, or do not have clearly defined or written down parts of it, cannot manage risks properly. The object of this work – risk factors that appear in construction projects. The aim of the work – is to investigate the risk factors prevailing in construction projects by identifying their management measures and providing an assessment of the risk level of projects. After analyzing the scientific literature, a theoretical model was developed that combines six components of construction project risk management and assessment: risk identification, project risk self-assessment, construction project risk management tools, best and worst managed risks, construction project risk level determination and most influencing factors. The construction company „Statau“ and it„s seven construction projects were selected for the empirical research. All analyzed projects were implemented in Lithuania. After analyzing the projects, two risk matrices were formed by risk groups and risk factors actually experienced. It was found that some risk factors have a greater impact on the construction process while others have less. As a result, it can be stated that one risk factor has a significant influence on the occurrence of another factor or the formation of its greater influence. The study found a relationship between time, cost, and design risk factors. The following risk factors can be distinguished: cost, organizational, because it is they that have the greatest impact on the construction process. Medium threats posed by time, design, and hazard risks. After assessing the level of risk of the projects, it was observed that the projects used in the analysis were classified as low or medium. It has been observed that the substation and power plant category is classified as low risk and therefore these risks are properly managed. Thus, it can be stated that the model of risk management and assessment used is easily applied in practice in the assessment of various categories of construction projects, and the obtained results are clearly presented. |
