An Approach to Risk Analysis for Construction Project using Fuzzy Logic

Project managers play very important role in the execution of the complete project whether it would be the initiation stage, planning stage, execution stage, monitoring and controlling or the closing stages of the project under the restriction of a variety of constraints.Therefore, it is extremely important that these constraints can be controlled and managed simultaneously.Fuzzy analysis approach explains risk reasoning process in the field of risk analysis and management.In this paper we will present an effective technique to model risk analysis with construction project using fuzzy triangular representation and its adaptation on membership function which expresses the project productivity graphically.The model proposed in this paper assesses the related risks with a construction operation based on linguistic approximation of evaluations made by three experts or associated professionals.The outcomes got from this model demonstrate a precise and compelling way for risk investigation of any project related to many activities.