RISK ASSESSMENT AND DECISION-MAKING IN GEOLOGY-DRIVEN PROJECTS: A MANAGEMENT PERSPECTIVE

Executing many civil projects is arduous due to the many associated dangers. Risk Assessment (RA) is crucial for selecting building projects and managing construction activities. RA examines adverse events in the preparation and scheduling phases of building projects. Construction risk refers to the vulnerability to possible losses. Given the construction sector's significance to a nation's economy, it is imperative to investigate and analyze diverse risk identification and management solutions. This paper presents a methodology developed through a real-time case study to assess risk in building projects. Risk can be described as determining the probability, intensity, and exposure of all hazards related to a building phase. The research advocates for a combined approach for risk evaluation in building projects utilizing RA and the Geological Information System (GIS) for decision-making. The research identifies various hazards in building projects via the study of the literature research and the formulation of surveys. The suggested study documents the replies from diverse building projects to the specified surveys. The findings of the proposed study identify the primary hazards in building projects. The research advocates for a comprehensive spatial risk evaluation and a GIS-based approach for diverse building projects.