PREDICTING POTENTIAL RISKS ASSOCIATED WITH FAST-TRACK PROJECTS

Document Type : Original Article

Authors

Department of Architectural Engineering - Faculty of Engineering, Al-Azhar University, Cairo, Egypt

10.21608/auej.2024.269209.1625

Abstract

Risk management in traditional projects involves identifying potential risks that may arise during the project lifecycle, analyzing them, and responding to them to ensure the project stays on track and is capable of achieving its objectives. However, in the case of desiring to accelerate project implementation without understanding the prominent risks associated with this acceleration, it can lead to unforeseen consequences that may impact the desired project goals.
To make an informed decision about adopting an acceleration approach, it was necessary to predict the risks associated with following this path. Therefore, this study addressed the potential risks that hinder the path of project acceleration by reviewing relevant studies on accelerated projects and the resulting effects of project acceleration. This includes risks that hinder achieving the desired acceleration as well as cost and quality variations that impede project objectives.
Based on the examined case study and other previously analyzed fast-track projects, areas of concern requiring special attention were described within five main categories of potential risks. Recommendations were provided regarding the establishment of a clear scientific mechanism to achieve acceleration by leveraging those risks.
It was also found that unless significant attention is given to problem areas before embarking on the project path, such an accelerated technique can result in unexpected project delays.
 
Special Issue of AEIC 2024 (Sustainable Architecture and Urban Design Session)

Keywords

Main Subjects

Journal of Al-Azhar University Engineering Sector
Volume 19, Issue 72
Special Issue for Al-Azhar Engineering 16th. International Conference (AEIC 2024)
July 2024
Pages 538-557

Files

Share

How to cite

Statistics