Building a system for risk management in infrastructure projects.

Despite the significance of predicting and managing potential risks in infrastructure projects, this issue has not received the attention from the executive authorities that it merits, and there remain numerous hazards that can have a significant negative influence on project objectives. By stressing the significance of computer programs in the production of a qualitative evaluation of risks and in designing effective treatments, this research thus intends to highlight the importance of risk management in providing a fundamental approach to successful project management. Data were gathered from existing literature addressing risk management to support this objective, as well as from in-person interviews with experts in building project design and implementation. An administrative system to be used in the qualitative assessment of risks and the development of appropriate treatments for those risks was then developed in light of the specific risks associated with the construction projects, mainly based on a questionnaire seeking advice from experts. In order to take advantage of the benefits of modern technology, a computer program was then created to apply the principles of the suggested administrative systems. The results of evaluation of the computer program and administrative system revealed that this program offers both efficiency and ease of use, contributing to increasing the efficiency of project management through qualitative assessment of risks, and allowing the straightforward selection of the best options to address each identified project risk. The nature of each project's different components ultimately led to a set of conclusions and recommendations emerging that include the fact that risk management studies enable project owners and managers to respond promptly and diligently when danger arises, as well as assisting engineers in making better decisions when managing projects that might otherwise be at risk of failing to achieve their goals. [ABSTRACT FROM AUTHOR]