Saba Soori
Risk Assessment and Lean Implementation in Real Estate Development Projects.
Rel. Alberto De Marco. Politecnico di Torino, Master of science program in Engineering And Management, 2021
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Abstract
Real estate development projects are risky due to many characteristics such as the unique end-product, complex processes, and large number of stakeholders. One of the most significant and increasing concerns with real estate projects is that they are behind schedule, over budget and show unsatisfactory performance in terms time, cost, and quality and also customer and stakeholders satisfaction. However, the complexity and the constant changes in these projects lead real estate development and construction companies to find inadequate monitoring of the ongoing process in order to ensure that the project finishes on time. They must find a way to look ahead by predicting the possible activities that may delay the project and alarm the stakeholders about them.
Project Risk Management is the process of identifying, analyzing, assessing, processing, monitoring, and revising project risk
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