A Fuzzy AHP Model in Risk Ranking

Abstract

The signification risks associated with construction projects need special attention from contractors to analyze and mange the risks. Risk management is the art and science of identifying, analyzing and responding to risk factors throughout the life cycle of the project and in the best interest of its objectives.

In proposed model, we firstly identify risks in the construction projects and suitable criteria for evaluate risks and then structure the proposed AHP model. Finally we measure the significant risks in construction projects (SRCP) based on the project’s objectives by using fuzzy analytical hierarchy process (FAHP) technique.

Keyword: Construction projects, Project Risk Management, Fuzzy AHP