Construction Schedule Risk Assessment and Management Strategy for Foreign General Contractors Working in the Ethiopian Construction Industry

Toward Reducing Construction Project Delivery Time under Limited Resources

One of the most vital construction project aspects is to complete a project in minimum time restricted to the time–cost trade-off. Overlapping activities’ planning and their impact on the project under limited resource constraints should be considered. This study aims to develop a model for optimizing the project schedule and cost regarding overlap activities and their impacts. This study reviews previous studies on changes in past activities likely to produce additional reworking of subsequent activities. In addition, an AHP model is developed to assess the reworking time of subsequent activities based on possible changes in previous activities. In addition, five realistic construction projects are applied. Finally, an optimizing model is developed for optimizing project time and cost using overlapping techniques by using the Java program. The results indicate that the proposed model can be used by project managers easily for solving time and cost optimization problems. In addition, it can be updated to continuously improve its functionality. Finally, it can be updated later to support AI for finding better solutions.

Identification and Prioritization of Critical Risk Factors of Commercial and Recreational Complex Building Projects: A Delphi Study Using the TOPSIS Method

Construction development of Commercial and Recreational Complex Building Projects (CRCBPs) is one of the community needs of many developing countries. Since the implementation of these projects is usually very costly, identifying and evaluating their Critical Risk Factors (CRFs) are of significant importance. Therefore, the current study aims to identify and prioritize CRFs of CRCBPs in the Iranian context. A descriptive-survey method was used in this research; the statistical population, selected based on the purposive sampling method, includes 30 construction experts with hands-on experience in CRCBPs. A questionnaire related to the risk identification stage was developed based on a detailed study of the research literature and also using the Delphi survey method; 82 various risks were finally identified. In order to confirm the opinions of experts in identifying the potential risks, Kendall’s coefficient of concordance was used. In the first stage of data analysis, qualitative evaluation was performed by calculating the severity of risk effect and determining the cumulative risk index, based on which 25 CRFs of CRCBPs were identified for more accurate evaluation. At this stage, the identified CRFs were evaluated based on multi-criteria decision-making techniques and using the TOPSIS technique. Results show that the ten CRFs of CRCBPs are external threats from international relations, exchange rate changes, bank interest rate fluctuations, traffic licenses, access to skilled labor, changes in regional regulations, the condition of adjacent buildings, fluctuations and changes in inflation, failure to select a suitable and qualified consultant, and employer’s previous experiences and records. Obviously, the current study’s results and findings can be considered by CRCBPs in both the private and public sectors for proper effective risk identification, evaluation, and mitigation.