SIGNIFICANCE RISKS

EVALUATION OF
COMMERCIAL
CONSTRUCTION
PROJECTS
J. KONIOR
Research Background

 Project risk is defined as an unplanned event or condition that, if occurs, has

a negative effect on a Project Objective.
 While estimating risks in construction projects, experts face problems of
working on the qualitative (immeasurable data) basis rather than on a
quantitative one
 The main objective of the article is to present quantified and measurable
risks likelihood appearance, impact and significance of inspected and
monitored 48 commercial construction projects and their feasibility to be
carried out
Methodology

 summarize the data and methodology of construction project appraisal for

financing and execution professional preparation have been laid out –
technical documentation, arrangements, realisation.
Data Variable

 Entire group of appeared and pinpointed risks in 478 reports of 48 investment

projects has been divided into 3 groups equivalent to 3 phases of investment
process:
P - phase of projects preparation and design works
C - phase of projects construction and erection
M - phase of projects maintenance and exploitation
Result
Result
result
 Summary
 As a result of the research quantified and measurable risks likelihood
appearance, impact and significance of inspected and monitored 48 commercial
construction projects have been determined. An attempt was made to express
numerically the relationship between risks impacts and their level of likelihood.
Also, a method of associating the influence of projects risks impacts on the
extent of the likelihood of project risk occurrence which makes possible to
determine the direction and the trength of this relationship was presented.
Finally, risks likelihood appearance, impact and significance variability of
commercial construction projects within last two years of booming investment
industry have been assessed.