Development of Regression Model for Project Risk Prioritization of Building Construction Projects

FMEA is a proactive process which aims to evaluate a system, design and to tackle the failures in all possible ways, In the FMEA procedures, a numerical value is assigned to each risk which has a potential to cause a failure using Severity (S), Occurrence (O) and Detection (D) indices and a Risk Priority Number (RPN) is obtained by multiplying three numerical values. This paper analyses the risks in a construction project by preparing a qualitative scale for all such identified risks and a multiple regression analysis model is developed for predicting the RPN values.

Type: 
Management
Authors Name: 
B.Ravinder and K.Srinivas