Overview
Construction Industry is more prone to get fatal accidents and shortage of labor. Let us find how and why is the myth so true. In the world of digital technologies, there are many industries or business sector which have seen a drastic transformation in their business model and one of them is the construction industry.
Digital technologies have helped to maintain worker’s safety on-site and mitigate project risk. While, the scenario in the late 1990s was theatrical as the traditional construction process was time-consuming, hazardous and human potential was not upgraded.
This brought major setbacks into the construction industry by project delays and shortage of human labor. There is the highest rate of fatal accidents on the construction site. A construction site is quite risky due to which the workers need to carry their work on heights, carry heavy equipment or heavy tools and often work under extreme noise pollution conditions that put them in higher risk. Many construction companies aim to control and manage risks by time.
Choosing the best construction software can help to manage significant risks incurred in the project. With the on-going conditions of increased costs, new technology and industry trends, complex processes and increased safety concern have made risk management plan more crucial than ever.
Sources of Construction Risk Management
Construction Risk Management is the process of identifying risk associated with the project and ways to mitigate risks to minimize their impact on the project. The factor stated below are the risks which need to be documented and managed during the planning stage.
Safety Risk: – The construction industry is most prone to have fatal accidents on-site that can lead to loss of human life. So careful planning must be held during the pre-construction stage to reduce labor shortage and any delay caused in the project. There are many digital technologies and smart devices which can help the contractors to manage the safety of the workers.
GPS can help to track their activities and alarm the contractor of accidents beforehand. BIM Clash Detection Services integrated into BIM Software used by the contractors or architects in modeling the construction process helps to identify threats and resolve them before the actual work begins on-site.
Financial Risk: – Financial issues in the construction industry arises due to a loop in the planning process and coordination. If a project experiences budget excess in small variation could not affect the managing company’s future liquidity. But there is a risk that you would not be able to pay the workers and might see the project in a standstill.
Environmental Risk: – Any natural calamities such as earthquakes, flood, etc. can pose a risk to the construction sites and is not under control of anybody. All the natural issues must be tackled, managed and planned.
Design Risk: – Design Risk is a growing risk in the construction process and must be managed carefully to avoid any delay in the project. The project team must manage the risk backed in the design stage during the construction process. This leads to delay in the designing of the project which many contractors might suffer in the nearer future if not cured. In the pre-construction planning phase, issues regarding design should be identified and solved.
Schedule Risk: – In the construction industry, what matters for a project to be successful is a time that the process takes in completion of a project and saves cost. But if poor scheduling is implemented it can create a devastating impact on the budget.
When the schedule is planned, any mistake occurs in the process can make the schedule go days or month’s back which would rework and rebook contractors and create large cost overruns. Even a delay in the project can change the schedule of the project. When such situations arise, the project team should plan the process carefully and work together.
How can BIM help to mitigate the risks involved in the construction project?
With the implementation of 3D BIM Services, modeling the project with BIM can increase efficiency and productivity on a construction site to improve smooth productivity by workers. It helps the construction professionals including architects and engineers to use tools for effective planning and construct structures.
BIM is a digital representation of geometric characteristics of a structure or a building. BIM provides information about a facility forming decisions during the life-cycle that is defined as existing from conception to demolition.
BIM allows the supervisor and authority professionals to identify hazards, take measure or eliminate those risks. From BIM Model, we get information on energy analysis, lightning support, building components and geographic locations to create a virtual model that helps to analyze the job site conditions.
In the construction phase, BIM Architectural Services offers insight from the safety matters of a project. It also stimulates hazard as it navigates the site giving the project team plenty of time to tackle the issues.
Conclusion
Risk Management or Construction Risk is one of the crucial conditions which contractors and architects would go through in the lifecycle of the project. Taking a proactive approach to risk management can help to speed up the project and reduce rework chances.
Many of the digital technologies can be beneficial for the construction companies, out of which BIM is one of the growing technology which helps them to analyses threat occurring on-site and resolves them before the work begins.
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