Risk Analysis in Construction Projects in Gaza Strip "Contractor's Perspective"

Mostafa H. Kotb, Abdullah K. Murtaja

Abstract


The aim of this paper is to investigate risk analysis techniques used to analyze risks in construction projects in Gaza strip. The findings of this research indicate that the most important risk analysis techniques that contractors use to analyze risk factors to better manage risks of construction projects at the bidding cost estimate stage,  are the following: comparative analysis (analyze similar projects), direct judgment using experience, action plan (scenario) analysis with project details, probability analysis using historical data, descriptive analysis, sensitivity analysis and simulation analysis using software programs. The results of this research recommended to the contractors are to select  the optimal risk analysis technique to analyze and estimate risks properly and to determine the convenient preventive method to respond risk effects early, at the pricing stage of construction project.


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References


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